In the last trading session, 1.98 million T2 Biosystems Inc (NASDAQ:TTOO) shares changed hands as the company’s beta touched 0.34. With the company’s per share price at $0.57 changed hands at $0.07 or 14.94% during last session, the market valuation stood at $13.84M. TTOO’s last price was a discount, traded about -1370.18% off its 52-week high of $8.38. The share price had its 52-week low at $0.42, which suggests the last value was 26.32% up since then. When we look at T2 Biosystems Inc’s average trading volume, we note the 10-day average is 1.14 million shares, with the 3-month average coming to 622.63K.
T2 Biosystems Inc (NASDAQ:TTOO) trade information
Instantly TTOO was in green as seen at the end of in last trading. With action 34.41%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -90.88%, with the 5-day performance at 34.41% in the green. However, in the 30-day time frame, T2 Biosystems Inc (NASDAQ:TTOO) is -39.76% down. Looking at the short shares, we see there were 0.83 million shares sold at short interest cover period of 1.26 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 88.6% 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 -777.19% plunge from its current level, while the stock would need to soar -777.19% for it to hit the projected low.
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 January.
T2 Biosystems Inc (NASDAQ:TTOO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.17% of T2 Biosystems Inc shares while 73.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.83%.
