During the last session, T2 Biosystems Inc (NASDAQ:TTOO)’s traded shares were 0.62 million, with the beta value of the company hitting 0.38. At the end of the trading day, the stock’s price was $0.85, reflecting an intraday loss of -2.85% or -$0.03. The 52-week high for the TTOO share is $8.38, that puts it down -885.88 from that peak though still a striking -2.35% loss since the share price plummeted to a 52-week low of $0.87. The company’s market capitalization is $14.87M, and the average intraday trading volume over the past 10 days was 1.14 million shares, and the average trade volume was 379.47K shares over the past three months.
T2 Biosystems Inc (NASDAQ:TTOO) trade information
T2 Biosystems Inc (TTOO) registered a -2.85% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.85% in intraday trading to $0.85, hitting a weekly high. The stock’s 5-day price performance is -21.21%, and it has moved by -53.25% in 30 days. Based on these gigs, the overall price performance for the year is -85.65%. The short interest in T2 Biosystems Inc (NASDAQ:TTOO) is 0.57 million shares and it means that shorts have 1.95 day(s) to cover.
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The consensus price target of analysts on Wall Street is $5, which implies an increase of 83.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $5 respectively. As a result, TTOO is trading at a discount of -488.24% off the target high and -488.24% off the low.
T2 Biosystems Inc (TTOO) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 92.00% this quarter and then jump 85.80% in the quarter after that. In the rating firms’ projections, revenue will increase 47.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.8M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 3.7M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.47M and 1.68M respectively. In this case, analysts expect current quarter sales to grow by 90.20% and then jump by 120.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 68.62%.
TTOO Dividends
T2 Biosystems Inc is due to release its next quarterly earnings on 2024-Nov-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
T2 Biosystems Inc (NASDAQ:TTOO)’s Major holders
T2 Biosystems Inc insiders own 4.45% of total outstanding shares while institutional holders control 74.65%, with the float percentage being 78.12%.
