TCR2 Therapeutics Inc. (TCRR) Suffers From Weak Fundamental Momentum – Marketing Sentinel
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TCR2 Therapeutics Inc. (TCRR) Suffers From Weak Fundamental Momentum

TCR2 Therapeutics Inc. (NASDAQ:TCRR) has seen 1.89 million shares traded in the recent trading session. The company, currently valued at $307.32M, closed the recent trade at $7.19 per share which meant it lost -$0.69 on the day or -8.76% during that session. The TCRR stock price is -398.75% off its 52-week high price of $35.86 and -5.98% below the 52-week low of $7.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.51 million shares traded. The 3-month trading volume is 650.68K shares.

The consensus among analysts is that TCR2 Therapeutics Inc. (TCRR) is a Buy stock at the moment, with a recommendation rating of 1.70. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 9 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.65.

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TCR2 Therapeutics Inc. (NASDAQ:TCRR) trade information

Sporting -8.76% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 10/19/21 when the TCRR stock price touched $7.19 or saw a rise of 18.48%. Year-to-date, TCR2 Therapeutics Inc. shares have moved -74.52%, while the 5-day performance has seen it change -2.72%. Over the past 30 days, the shares of TCR2 Therapeutics Inc. (NASDAQ:TCRR) have changed -15.81%. Short interest in the company has seen 2.72 million shares shorted with days to cover at 8.29.

Wall Street analysts have a consensus price target for the stock at $31.89, which means that the shares’ value could jump 77.45% from the levels at last check today. The projected low price target is $11.00 while the price target rests at a high of $51.00. In that case, then, we find that the latest price level in today’s session is -609.32% off the targeted high while a plunge would see the stock gain -52.99% from the levels at last check today.

TCR2 Therapeutics Inc. (TCRR) estimates and forecasts

Figures show that TCR2 Therapeutics Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -66.89% over the past 6 months, with this year growth rate of -8.75%, compared to 17.80% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -16.10% and -32.70% for the next quarter.

Earnings growth for 2021 is a modest 48.10% while over the next 5 years, the company’s earnings are expected to decrease by 0.00%.

TCRR Dividends

TCR2 Therapeutics Inc. is expected to release its next earnings report between August 10 and August 16 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

TCR2 Therapeutics Inc. (NASDAQ:TCRR)’s Major holders

Insiders own 1.29% of the company shares, while shares held by institutions stand at 103.33% with a share float percentage of 104.68%. Investors are also buoyed by the number of investors in a company, with TCR2 Therapeutics Inc. having a total of 192 institutions that hold shares in the company. The top two institutional holders are Wellington Management Group, LLP with over 5.33 million shares worth more than $87.54 million. As of Jun 29, 2021, Wellington Management Group, LLP held 13.97% of shares outstanding.

The other major institutional holder is MPM Asset Management, LLC, with the holding of over 4.05 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $66.47 million and represent 10.61% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund. As of Jun 29, 2021, the former fund manager holds about 4.46% shares in the company for having 1.7 million shares of worth $27.96 million while later fund manager owns 0.75 million shares of worth $12.32 million as of Jun 29, 2021, which makes it owner of about 1.97% of company’s outstanding stock.

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