T2 Biosystems Inc (NASDAQ: TTOO) is -49.64% lower on its value in year-to-date trading and has touched a low of $2.70 and a high of $70.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TTOO stock was last observed hovering at around $2.96 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $3.16, the stock is 6.43% and -23.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing 6.76% at the moment leaves the stock -74.09% off its SMA200. TTOO registered -91.34% loss for a year compared to 6-month loss of -44.22%.
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The stock witnessed a 4.64% gain in the last 1 month and extending the period to 3 months gives it a -28.67%, and is 6.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.48% over the week and 10.45% over the month.
T2 Biosystems Inc (TTOO) has around 113 employees, a market worth around $17.41M and $7.19M in sales. Profit margin for the company is -696.19%. Distance from 52-week low is 17.04% and -95.49% from its 52-week high.
The EPS is expected to grow by 65.66% this year.
T2 Biosystems Inc (TTOO) Top Institutional Holders
The shares outstanding are 4.06M, and float is at 0.12M with Short Float at 330.76%.
T2 Biosystems Inc (TTOO) Insider Activity
The most recent transaction is an insider sale by CR Group L.P.,the company’s10% Owner. SEC filings show that CR Group L.P. sold 7,148,945 shares of the company’s common stock on Sep 28 ’23 at a price of $0.16 per share for a total of $1.13 million. Following the sale, the insider now owns 0.0 shares.
T2 Biosystems Inc disclosed in a document filed with the SEC on Sep 27 ’23 that CR Group L.P. (10% Owner) sold a total of 5,981,202 shares of the company’s common stock. The trade occurred on Sep 27 ’23 and was made at $0.19 per share for $1.15 million. Following the transaction, the insider now directly holds 0.57 million shares of the TTOO stock.
Still, SEC filings show that on Sep 26 ’23, CR Group L.P. (10% Owner) disposed off 5,392,920 shares at an average price of $0.20 for $1.08 million. The insider now directly holds 1,050,192 shares of T2 Biosystems Inc (TTOO).
