T2 Biosystems, Inc. (NASDAQ:TTOO) has a beta value of 0.91 and has seen 1,483,206 shares traded in the last trading session. The company, currently valued at $196.77 Million, closed the last trade at $1.33 per share which meant it lost -$0.01 on the day or -0.75% during that session. The TTOO stock price is -136.84% off its 52-week high price of $3.15 and 82.33% above the 52-week low of $0.235. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.31 Million shares traded. The 3-month trading volume is 6.71 Million shares.
T2 Biosystems, Inc. (TTOO) estimates and forecasts
Figures show that T2 Biosystems, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +145.34% over the past 6 months, with this year growth rate of -65.38%, compared to 7.1% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 74.2% and 72.4% for the next quarter. Revenue growth from the last financial year stood is estimated to be +124.1%.
4 analysts offering their estimates for the company have set an average revenue estimate of $4.98 Million for the current quarter. 4 have an estimated revenue figure of $8.59 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $1.68 Million and $3.07 Million respectively for this quarter and the next, and analysts expect sales will grow by 197% for the current quarter and 179.9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +20.7% over the past 5 years. Earnings growth for 2020 is a modest -2.8%.
T2 Biosystems, Inc. (NASDAQ:TTOO)’s Major holders
Insiders own 5.94% of the company shares, while shares held by institutions stand at 9.38% with a share float percentage of 9.98%. Investors are also buoyed by the number of investors in a company, with T2 Biosystems, Inc. having a total of 55 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 4.76 Million shares worth more than $6.04 Million. As of June 29, 2020, Vanguard Group, Inc. (The) held 3.22% of shares outstanding.
The other major institutional holder is Goldman Sachs Group, Inc., with the holding of over 4.36 Million shares as of June 29, 2020. The firm’s total holdings are worth over $5.54 Million and represent 2.95% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of June 29, 2020, the former fund manager holds about 2.13% shares in the company for having 3158573 shares of worth $4.01 Million while later fund manager owns 1.26 Million shares of worth $1.6 Million as of June 29, 2020, which makes it owner of about 0.85% of company’s outstanding stock.