T2 Biosystems Inc (NASDAQ:TTOO) has a beta value of 0.43 and has seen 0.46 million shares traded in the recent trading session. The company, currently valued at $12.54M, closed the recent trade at $0.72 per share which meant it lost -$0.08 on the day or -9.97% during that session. The TTOO stock price is -1063.89% off its 52-week high price of $8.38 and -6.94% below the 52-week low of $0.77. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.1 million shares traded. The 3-month trading volume is 396.11K shares.
T2 Biosystems Inc (NASDAQ:TTOO) trade information
Sporting -9.97% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the TTOO stock price touched $0.72 or saw a rise of 24.49%. Year-to-date, T2 Biosystems Inc shares have moved -88.57%, while the 5-day performance has seen it change -24.49%. Over the past 30 days, the shares of T2 Biosystems Inc (NASDAQ:TTOO) have changed -54.31%. Short interest in the company has seen 0.57 million shares shorted with days to cover at 1.95.
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Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 85.6% from the levels at last check today.. The projected low price target is $5.0 while the price target rests at a high of $5.0. In that case, then, we find that the latest price level in today’s session is -594.44% off the targeted high while a plunge would see the stock gain -594.44% from the levels at last check today..
T2 Biosystems Inc (TTOO) estimates and forecasts
The company’s shares have lost -76.48% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 47.40%.
1 analysts offering their estimates for the company have set an average revenue estimate of 2.8M for the current quarter. 1 have an estimated revenue figure of 3.7M for the next ending quarter. Year-ago sales stood 1.47M and 1.68M respectively for this quarter and the next, and analysts expect sales will grow by 90.20% for the current quarter and 47.40% 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 68.62% over the past 5 years.
TTOO Dividends
T2 Biosystems Inc is expected to release its next earnings report on 2024-Nov-14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
T2 Biosystems Inc (NASDAQ:TTOO)’s Major holders
Insiders own 4.45% of the company shares, while shares held by institutions stand at 74.65% with a share float percentage of 78.12%. Investors are also buoyed by the number of investors in a company, with T2 Biosystems Inc having a total of 24.0 institutions that hold shares in the company.
