2seventy bio Inc (NASDAQ: TSVT) is -7.26% lower on its value in year-to-date trading and has touched a low of $1.67 and a high of $6.40 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 TSVT stock was last observed hovering at around $3.69 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $3.96, the stock is -2.16% and -12.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 7.32% at the moment leaves the stock -13.95% off its SMA200. TSVT registered 110.64% gain for a year compared to 6-month gain of -9.17%. The firm has a 50-day simple moving average (SMA 50) of $4.5492 and a 200-day simple moving average (SMA200) of $4.610625.
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The stock witnessed a -17.67% loss in the last 1 month and extending the period to 3 months gives it a -17.84%, and is 27.33% 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 9.07% over the week and 7.85% over the month.
2seventy bio Inc (TSVT) has around 274 employees, a market worth around $204.29M and $45.62M in sales. Profit margin for the company is -207.25%. Distance from 52-week low is 136.42% and -38.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.57%).
The EPS is expected to grow by 83.91% this year
159.0 institutions hold shares in 2seventy bio Inc (TSVT), with institutional investors hold 94.73% of the company’s shares. The shares outstanding are 50.63M, and float is at 48.33M with Short Float at 10.55%. Institutions hold 90.89% of the Float.
The top institutional shareholder in the company is KYNAM CAPITAL MANAGEMENT, LP with over 5.95 million shares valued at $22.92 million. The investor’s holdings represent 11.4341 of the TSVT Shares outstanding. As of 2024-06-30, the second largest holder is GOLDMAN SACHS GROUP INC with 4.14 million shares valued at $15.93 million to account for 7.9465 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.66 million shares representing 7.0308 and valued at over $14.09 million, while VANGUARD GROUP INC holds 6.9696 of the shares totaling 3.63 million with a market value of $13.97 million.
2seventy bio Inc (TSVT) Insider Activity
The most recent transaction is an insider sale by Maus Marcela V., the company’s Director. SEC filings show that Maus Marcela V. sold 3,900 shares of the company’s common stock on Nov 18 ’24 at a price of $3.38 per share for a total of $13182.0. Following the sale, the insider now owns 23752.0 shares.
Still, SEC filings show that on Aug 14 ’24, Snow Jessica disposed off 7,816 shares at an average price of $4.32 for $33760.0. The insider now directly holds 156,330 shares of 2seventy bio Inc (TSVT).
