T2 Biosystems Inc (TTOO) concluded trading on Wednesday at a closing price of $1.44, with 4.04 million shares of worth about $5.82 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -47.83% during that period and on October 23, 2024 the price saw a loss of about -6.49%. Currently the company’s common shares owned by public are about 17.48M shares, out of which, 6.02M shares are available for trading.
Stock saw a price change of 2.86% in past 5 days and over the past one month there was a price change of -29.76%. Year-to-date (YTD), TTOO shares are showing a performance of -77.05% which decreased to -72.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.34 but also hit the highest price of $8.38 during that period. The average intraday trading volume for T2 Biosystems Inc shares is 244.89K. The stock is currently trading -11.68% below its 20-day simple moving average (SMA20), while that difference is down -39.93% for SMA50 and it goes to -63.50% lower than SMA200.
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T2 Biosystems Inc (NASDAQ: TTOO) currently have 17.48M outstanding shares and institutions hold larger chunk of about 13.45% of that.
The stock has a current market capitalization of $25.17M and its 3Y-monthly beta is at 0.31. It has posted earnings per share of -$9.29 in the same period. It has Quick Ratio of 0.36. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TTOO, volatility over the week remained 12.97% while standing at 8.97% over the month.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Alliance Global Partners on January 27, 2021 offering a Neutral rating for the stock and assigned a target price range of between $2.60 and $2.40 to it. Coverage by BTIG Research stated T2 Biosystems Inc (TTOO) stock as a Buy in their note to investors on October 08, 2020, suggesting a price target of $2.50 for the stock. Stock get a Neutral rating from Janney on July 31, 2019.
