T2 Biosystems Inc (NASDAQ: TTOO) is -49.16% lower on its value in year-to-date trading and has touched a low of $2.60 and a high of $46.85 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 $3.40 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $3.19, the stock is -15.38% and -31.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing -6.18% at the moment leaves the stock -27.61% off its SMA200. TTOO registered -90.15% loss for a year compared to 6-month loss of -39.58%.
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The stock witnessed a -36.58% gain in the last 1 month and extending the period to 3 months gives it a -37.94%, and is -9.12% down 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 8.74% over the week and 8.94% over the month.
T2 Biosystems Inc (TTOO) has around 113 employees, a market worth around $55.76M and $7.16M in sales. Profit margin for the company is -673.67%. Distance from 52-week low is 22.69% and -93.19% from its 52-week high.
with sales reaching $2.8M over the same period.The EPS is expected to grow by 83.85% this year, but quarterly earnings will post 47.40% year-over-year. Quarterly sales are estimated to grow 90.20% in year-over-year returns.
T2 Biosystems Inc (TTOO) Top Institutional Holders
25.0 institutions hold shares in T2 Biosystems Inc (TTOO), with institutional investors hold 78.13% of the company’s shares. The shares outstanding are 17.48M, and float is at 5.97M with Short Float at 5.25%. Institutions hold 74.65% of the Float.
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 5,981,202 shares of the company’s common stock on Sep 27 ’23 at a price of $0.19 per share for a total of $1.15 million. Following the sale, the insider now owns 0.57 million shares.
T2 Biosystems Inc disclosed in a document filed with the SEC on Sep 28 ’23 that CR Group L.P. (10% Owner) sold a total of 7,148,945 shares of the company’s common stock. The trade occurred on Sep 28 ’23 and was made at $0.16 per share for $1.13 million. Following the transaction, the insider now directly holds 0.0 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).
