Moreover, the 36-month beta value for TTOO is 0.31. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for TTOO is 6.02M and currently, short sellers hold a 5.90% of that float. On October 23, 2024, TTOO’s average trading volume was 228.81K shares.
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TTOO) stock’s latest price update
The stock of T2 Biosystems Inc (NASDAQ: TTOO) has increased by 7.69 when compared to last closing price of 1.43.Despite this, the company has seen a gain of 6.94% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-10 that T2 Biosystems, Inc. (NASDAQ:TTOO ) Business Update Conference Call October 10, 2024 4:30 PM ET Company Participants Trip Taylor – IR John Sperzel – Chairman and CEO Conference Call Participants Eduardo Martinez – H.C. Wainwright Operator Good day, everyone.
TTOO’s Market Performance
TTOO’s stock has risen by 6.94% in the past week, with a monthly drop of -25.24% and a quarterly drop of -67.16%. The volatility ratio for the week is 6.96% while the volatility levels for the last 30 days are 7.57% for T2 Biosystems Inc The simple moving average for the past 20 days is -7.17% for TTOO’s stock, with a -61.17% simple moving average for the past 200 days.
Analysts’ Opinion of TTOO
Many brokerage firms have already submitted their reports for TTOO stocks, with Alliance Global Partners repeating the rating for TTOO by listing it as a “Neutral.” The predicted price for TTOO in the upcoming period, according to Alliance Global Partners is $2.40 based on the research report published on January 27, 2021 of the previous year 2021.
BTIG Research, on the other hand, stated in their research note that they expect to see TTOO reach a price target of $2.50. The rating they have provided for TTOO stocks is “Buy” according to the report published on October 08th, 2020.
TTOO Trading at -36.96% from the 50-Day Moving Average
After a stumble in the market that brought TTOO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.62% of loss for the given period.
Volatility was left at 7.57%, however, over the last 30 days, the volatility rate increased by 6.96%, as shares sank -24.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -58.82% lower at present.
During the last 5 trading sessions, TTOO rose by +6.94%, which changed the moving average for the period of 200-days by -73.45% in comparison to the 20-day moving average, which settled at $1.6590. In addition, T2 Biosystems Inc saw -75.46% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TTOO starting from Elsbree David B, who sale 55 shares at the price of $2.42 back on Sep 13 ’24. After this action, Elsbree David B now owns 23 shares of T2 Biosystems Inc, valued at $133 using the latest closing price.
Elsbree David B, the Director of T2 Biosystems Inc, proposed sale 55 shares at $2.41 during a trade that took place back on Sep 13 ’24, which means that Elsbree David B is holding shares at $132 based on the most recent closing price.
Stock Fundamentals for TTOO
Current profitability levels for the company are sitting at:
- -6.3 for the present operating margin
- -0.88 for the gross margin
The net margin for T2 Biosystems Inc stands at -6.78. The total capital return value is set at 578.22.
Based on T2 Biosystems Inc (TTOO), the company’s capital structure generated 1.44 points at debt to capital in total, while cash flow to debt ratio is standing at -2.28. The debt to equity ratio resting at -3.26. The interest coverage ratio of the stock is 27.93.
Currently, EBITDA for the company is -46.29 million with net debt to EBITDA at -0.33. When we switch over and look at the enterprise to sales, we see a ratio of 5.85. The receivables turnover for the company is 5.52for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
To wrap up, the performance of T2 Biosystems Inc (TTOO) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
