During the last session, 2seventy bio Inc (NASDAQ:TSVT)’s traded shares were 0.48 million, with the beta value of the company hitting 1.66. At the end of the trading day, the stock’s price was $3.61, reflecting an intraday gain of 14.24% or $0.45. The 52-week high for the TSVT share is $6.40, that puts it down -77.29 from that peak though still a striking 57.62% gain since the share price plummeted to a 52-week low of $1.53. The company’s market capitalization is $186.23M, and the average intraday trading volume over the past 10 days was 0.31 million shares, and the average trade volume was 303.17K shares over the past three months.
2seventy bio Inc (TSVT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.60. TSVT has a Sell rating from 1 analyst(s) out of 7 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.11.
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2seventy bio Inc (NASDAQ:TSVT) trade information
2seventy bio Inc (TSVT) registered a 14.24% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 14.24% in intraday trading to $3.61, hitting a weekly high. The stock’s 5-day price performance is 2.56%, and it has moved by -26.92% in 30 days. Based on these gigs, the overall price performance for the year is 107.47%. The short interest in 2seventy bio Inc (NASDAQ:TSVT) is 5.41 million shares and it means that shorts have 23.15 day(s) to cover.
The consensus price target of analysts on Wall Street is $2, which implies a decrease of -80.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $2 respectively. As a result, TSVT is trading at a premium of 44.6% off the target high and 44.6% off the low.
2seventy bio Inc (TSVT) estimates and forecasts
Statistics show that 2seventy bio Inc has outperformed its competitors in share price, compared to the industry in which it operates. 2seventy bio Inc (TSVT) shares have gone down -19.96% during the last six months, with a year-to-date growth rate more than the industry average at 84.39% against 17.90. In the rating firms’ projections, revenue will decrease -51.55% 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 10.27M as predicted by 1 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 17.24M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 10.68M and 12.44M respectively. In this case, analysts expect current quarter sales to shrink by -3.87% and then jump by 38.67% in the coming quarter.
While earnings are projected to return 83.91% in 2024.
TSVT Dividends
2seventy bio Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
2seventy bio Inc (NASDAQ:TSVT)’s Major holders
2seventy bio Inc insiders own 4.05% of total outstanding shares while institutional holders control 90.89%, with the float percentage being 94.73%. KYNAM CAPITAL MANAGEMENT, LP is the largest shareholder of the company, while 159.0 institutions own stock in it. As of 2024-06-30, the company held over 5.95 million shares (or 11.4341% of all shares), a total value of $22.92 million in shares.
The next largest institutional holding, with 4.14 million shares, is of GOLDMAN SACHS GROUP INC’s that is approximately 7.9465% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $15.93 million.
Also, the Mutual Funds coming in first place with the largest holdings of 2seventy bio Inc (TSVT) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.46 shares. This amounts to just over 2.82 percent of the company’s overall shares, with a $5.25 million market value. The same data shows that the other fund manager holds slightly less at 1.31, or about 2.53% of the stock, which is worth about $4.72 million.
