In the last trading session, 1.11 million T2 Biosystems Inc (NASDAQ:TTOO) shares changed hands as the company’s beta touched 0.31. With the company’s per share price at $1.54 changed hands at $0.11 or 7.69% during last session, the market valuation stood at $26.92M. TTOO’s last price was a discount, traded about -444.16% off its 52-week high of $8.38. The share price had its 52-week low at $1.34, which suggests the last value was 12.99% up since then. When we look at T2 Biosystems Inc’s average trading volume, we note the 10-day average is 0.34 million shares, with the 3-month average coming to 228.81K.
T2 Biosystems Inc (NASDAQ:TTOO) trade information
Instantly TTOO was in green as seen at the end of in last trading. With action 6.94%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -75.46%, with the 5-day performance at 6.94% in the green. However, in the 30-day time frame, T2 Biosystems Inc (NASDAQ:TTOO) is -25.24% down. Looking at the short shares, we see there were 0.36 million shares sold at short interest cover period of 1.73 days.
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The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 69.2% from its current market value. According to analyst projections, TTOO’s forecast low is 5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -224.68% plunge from its current level, while the stock would need to soar -224.68% for it to hit the projected low.
T2 Biosystems Inc (TTOO) estimates and forecasts
Year-over-year growth is forecast to reach 47.40% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 2.8M. 1 analysts are of the opinion that T2 Biosystems Inc’s revenue for the current quarter will be 3.7M. The company’s revenue for the corresponding quarters a year ago was 1.47M and 1.68M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 90.20%. The estimates for the next quarter sales put growth at 120.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 68.62%.
TTOO Dividends
T2 Biosystems Inc is expected to release its next quarterly earnings report in November.
T2 Biosystems Inc (NASDAQ:TTOO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.45% of T2 Biosystems Inc shares while 74.65% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.12%.
