Quotient Limited [NASDAQ: QTNT] gained 3.91% on the last trading session, reaching $0.64 price per share at the time. The company report on April 26, 2022 that Quotient Limited Announces Appointment of New Board Member.
Quotient Limited (NASDAQ: QTNT), a commercial-stage diagnostics company, today announced the appointment of Thomas Aebischer to Quotient Board of Directors effective as of May 1, 2022. Mr. Aebischer will also serve on the Board’s Audit Committee.
“We are delighted to welcome Mr. Aebischer to the Quotient Board,” said Heino von Prondzynski, Chairman of Quotient’s Board of Directors. “Thomas brings decades of experience in global financial and capital markets and a highly strategic mindset. We are very fortunate to have him by our side as we continue to grow our business and drive the value of our revolutionary diagnostic solutions.”.
Quotient Limited represents 102.13 million in outstanding shares, while the company has a total market value of $70.20 million with the latest information. QTNT stock price has been found in the range of $0.55 to $0.66.
If compared to the average trading volume of 516.00K shares, QTNT reached a trading volume of 4956262 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Quotient Limited [QTNT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QTNT shares is $6.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QTNT stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Quotient Limited shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 03, 2021. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on August 31, 2017, representing the official price target for Quotient Limited stock. Previously, the target price had yet another raise from $25 to $26, while UBS kept a Buy rating on QTNT stock.
The Average True Range (ATR) for Quotient Limited is set at 0.09, with the Price to Sales ratio for QTNT stock in the period of the last 12 months amounting to 1.83.
Trading performance analysis for QTNT stock
Quotient Limited [QTNT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.53. With this latest performance, QTNT shares dropped by -46.43% in over the last four-week period, additionally sinking by -72.05% over the last 6 months – not to mention a drop of -81.63% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QTNT stock in for the last two-week period is set at 32.67, with the RSI for the last a single of trading hit 34.57, and the three-weeks RSI is set at 33.20 for Quotient Limited [QTNT]. The present Moving Average for the last 50 days of trading for this stock 0.9955, while it was recorded at 0.6114 for the last single week of trading, and 2.0966 for the last 200 days.
Quotient Limited [QTNT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Quotient Limited [QTNT] shares currently have an operating margin of -190.20 and a Gross Margin at +53.72. Quotient Limited’s Net Margin is presently recorded at -250.05.
Return on Total Capital for QTNT is now -44.27, given the latest momentum, and Return on Invested Capital for the company is -63.68. Additionally, QTNT Total Debt to Total Capital is recorded at 116.12, with Total Debt to Total Assets ending up at 95.41.
Reflecting on the efficiency of the workforce at the company, Quotient Limited [QTNT] managed to generate an average of -$249,356 per employee. Receivables Turnover for the company is 8.09 with a Total Asset Turnover recorded at a value of 0.19.Quotient Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.80 and a Current Ratio set at 5.80.
An analysis of insider ownership at Quotient Limited [QTNT]
There are presently around $49 million, or 86.20% of QTNT stock, in the hands of institutional investors. The top three institutional holders of QTNT stocks are: PERCEPTIVE ADVISORS LLC with ownership of 16,200,818, which is approximately 0% of the company’s market cap and around 1.30% of the total institutional ownership; POLAR CAPITAL HOLDINGS PLC, holding 9,251,653 shares of the stock with an approximate value of $5.73 million in QTNT stocks shares; and PURA VIDA INVESTMENTS, LLC, currently with $5.36 million in QTNT stock with ownership of nearly 47.623% of the company’s market capitalization.
Positions in Quotient Limited stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 39 institutional holders increased their position in Quotient Limited [NASDAQ:QTNT] by around 8,469,841 shares. Additionally, 53 investors decreased positions by around 8,480,391 shares, while 12 investors held positions by with 62,452,694 shares. The mentioned changes placed institutional holdings at 79,402,926 shares, according to the latest SEC report filing. QTNT stock had 8 new institutional investments in for a total of 765,822 shares, while 22 institutional investors sold positions of 1,820,793 shares during the same period.