How to Buy Quanterix Stock
Quanterix Corp
Quanterix Corporation, a life sciences company, engages in development and marketing of digital immunoassay platforms that advances precision health for life sciences research and diagnostics in North America, Europe, the Middle East, Africa, and the Asia Pacific regions.
Quanterix stock last closed at $11.99, down 2.12% from the previous day, and has decreased 54.58% in one year. It has underperformed other stocks in the Medical Devices industry by 0.44 percentage points. Quanterix stock is currently +14.19% from its 52-week low of $10.50, and -59.63% from its 52-week high of $29.70.
As of Sep 6, 2024, there are 38.38M shares of QTRX outstanding. The market value of QTRX is $460.16M. In the past 24 hours, 261,595 QTRX shares were traded.
How to Buy Quanterix Stock
Not sure how to invest in Quanterix stock? Here's how.
- Figure out where to buy Quanterix stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Quanterix stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Pick your payment method and add your info.
- Analyze Quanterix stock: The Quanterix ticker symbol is QTRX. Is Quanterix stock a good investment? Should you buy shares of QTRX? How do QTRX's underlying business fundamentals look? Do top analysts think Quanterix is a good buy? Why has QTRX's stock price moved recently? (Hint: Our stock market analysis website can help you decide if QTRX is a good stock to buy).
- Place your QTRX buy order: Decide if you will purchase QTRX shares at the current market price or use a limit order to buy QTRX stock at a particular price.
- Get key alerts regarding your QTRX investment: Create a watchlist to monitor your investment in Quanterix stock.
Step 1: Figure out where to buy Quanterix stock
You need an online brokerage account to access the NASDAQ market and buy QTRX stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal details so you are able to buy QTRX today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create a new brokerage account.
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Step 3: Deposit money your investment account
Now that you have created your account on the highest rated stock app, your next step is to transfer the money for your investment:
Check out the tutorial below for more details transferring money into your brokerage account.
Step 4: Analyze Quanterix stock
After you have chosen the best place to buy Quanterix stock, it's important to analyze their stock prior to investing, so you truly wrap your head around the risk as well as the opportunity.
Quanterix stock quick numbers
Quanterix Due Diligence Checks
WallStreetZen was built to help part-time investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on QTRX's stock page.
How is QTRX stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge QTRX's true value.
Using relative valuations methods:
- QTRX may be undervalued based on its P/B ratio of 1.37x, relative to Medical Devices industry P/B ratio of 4.02x
You can do additional valuation analysis on QTRX's stock here.
A quick look at QTRX Financials
Passed Financial Due Diligence Checks:
- QTRX has cash burn of 40257000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the QTRX balance sheet.
- Total QTRX debt is lower than 5 years ago, relative to shareholder equity.
- QTRX has $299.46M in cash and short term investments. This is sufficient to cover its annual cash burn of $40.26M.
- There are more short-term assets than long-term liabilities on the QTRX balance sheet.
- QTRX has a low debt to equity ratio of 0.22.
Failed Financial Due Diligence Checks:
- QTRX profit margin has gone up by 0.28 percentage points in the past year, but the company is still unprofitable.
Do analysts think it's a good time to buy Quanterix stock
Out of 4 Equities analysts who research QTRX, the consensus analyst rating on Quanterix is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Quanterix stock forecast page.
QTRX Trading Indicators
Is QTRX Growing Revenue?
Last year, QTRX revenue was $129.33M. In the last 5 year, QTRX's revenue has gone up by 22.26% per year. This was faster than the Medical Devices industry average of 11.14%.
Find out more about QTRX's earnings and revenue performance here.
Latest Insiders Trades at QTRX
Over the last year, executives and large shareholders at QTRX have sold more shares than they have bought.
Masoud Toloue, President CEO of QTRX, was the latest QTRX insider to sell. They sold $4,795.04 worth of QTRX shares on Aug 31, 2024.
Learn more about who owns QTRX shares here.
Can I get consistent income from QTRX stock?
No, Quanterix doesn't provide an income stream by paying out dividends.
What do other traders have to say about QTRX?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Place your QTRX buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the best for newer investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount, place a limit order.
Press the Open Trade button and eToro will execute your order.
If you require more help buying stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your QTRX investment
Now that you own some QTRX shares, you'll want to stay up-to-date on your new stock purchase.
Add QTRX to a watchlist to keep track of your QTRX stock.
QTRX Feed
How to Buy Stock in Quanterix
To summarize, here are the 6 steps to buy Quanterix stock:
- Figure out where to buy Quanterix stock
- Create your brokerage account
- Deposit money your investment account
- Analyze Quanterix stock
- Place your QTRX buy order
- Get key alerts regarding your QTRX investment
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Quanterix, add QTRX to your watchlist by clicking the button below.
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