In the past week, TTOO stock has gone down by -22.86%, with a monthly decline of -45.45% and a quarterly plunge of -77.22%. The volatility ratio for the week is 19.40%, and the volatility levels for the last 30 days are 10.36% for T2 Biosystems Inc The simple moving average for the past 20 days is -30.26% for TTOO’s stock, with a -72.34% simple moving average for the past 200 days.
Is It Worth Investing in T2 Biosystems Inc (NASDAQ: TTOO) Right Now?
Company’s 36-month beta value is 0.32.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for TTOO is 6.02M, and currently, short sellers hold a 9.41% ratio of that floaft. The average trading volume of TTOO on October 28, 2024 was 322.77K shares.
TTOO) stock’s latest price update
T2 Biosystems Inc (NASDAQ: TTOO)’s stock price has gone decline by -14.29 in comparison to its previous close of 1.26, however, the company has experienced a -22.86% decrease 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.
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 -53.03% 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 -87.11% of loss for the given period.
Volatility was left at 10.36%, however, over the last 30 days, the volatility rate increased by 19.40%, as shares sank -46.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -69.62% lower at present.
During the last 5 trading sessions, TTOO fell by -22.86%, which changed the moving average for the period of 200-days by -79.05% in comparison to the 20-day moving average, which settled at $1.5485. In addition, T2 Biosystems Inc saw -82.79% 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 4.73. 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
In a nutshell, T2 Biosystems Inc (TTOO) has experienced a bad performance in recent times. The stock has received mixed “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.
