Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Quanterix Corp before investing.

In this article, we go over a few key elements for understanding Quanterix Corp’s stock price such as:

• Quanterix Corp’s current stock price and volume
• Why Quanterix Corp’s stock price changed recently
• Upgrades and downgrades for QTRX from analysts
• QTRX’s stock price momentum as measured by its relative strength

About Quanterix Corp (QTRX)

Before we jump into Quanterix Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Quanterix Corporation is a life sciences company. The Company is engaged in developing ultra-sensitive digital immunoassay platforms that advance precision health for life sciences research and diagnostics. Its platforms are based on its digital Simoa detection technology. Its Simoa bead-based and planar array platforms enable customers to detect protein biomarkers in low concentrations in blood, serum, and other fluids. The Company's Simoa technology is based on traditional enzyme-linked immunosorbent assay (ELISA) technology. Its products include HD-X, SR-X, SP-X, Simoa assays and consumables, and NfL antibodies and NfL ELISA kits. It also offers contract research services for customers through its Accelerator Laboratory, which provides customers with access to Simoa technology and supports multiple projects and services, including sample testing, homebrew assay development and custom assay development. It has completed over 2,200 projects for 480 customers using its Simoa platforms.

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Quanterix Corp’s Stock Price as of Market Close

As of June 27, 2024, 4:00 PM, CST, Quanterix Corp’s stock price was $13.00.

Quanterix Corp is up 6.04% from its previous closing price of $12.26.

During the last market session, Quanterix Corp’s stock traded between $12.22 and $12.85. Currently, there are 38.13 million shares of Quanterix Corp stock available for purchase.

Unfortunately, Quanterix Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Quanterix Corp Stock Price History

Quanterix Corp’s (QTRX) price is currently down 18.6% so far this month.

During the month of June, Quanterix Corp’s stock price has reached a high of $19.18 and a low of $11.83.

Over the last year, Quanterix Corp has hit prices as high as $29.70 and as low as $12.22. Year to date, Quanterix Corp’s stock is down 6.14%.

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What Caused Quanterix Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 26, 2024, there was 1 analyst who downgraded Quanterix Corp’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Quanterix Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Quanterix Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Quanterix Corp’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Quanterix Corp (QTRX) by visiting AAII Stock Evaluator.

Relative Price Strength of Quanterix Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 26, 2024, Quanterix Corp has a weighted four-quarter relative price strength of -21.83%, which translates to a Momentum Score of 17 and is considered to be Very Weak.

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Quanterix Corp Stock Price: Bottom Line

As of June 27, 2024, Quanterix Corp’s stock price is $13.00, which is up 6.04% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Quanterix Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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