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In the latest session, T2 Biosystems Inc (NASDAQ: TTOO) closed at $3.69 down -1.34% from its previous closing price of $3.74. In other words, the price has decreased by -$1.34 from its previous closing price. On the day, 1.35 million shares were traded. TTOO stock price reached its highest trading level at $4.04 during the session, while it also had its lowest trading level at $3.26.
Ratios:
For a deeper understanding of T2 Biosystems Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.36 and its Current Ratio is at 0.60.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Alliance Global Partners on January 27, 2021, Downgraded its rating to Neutral and sets its target price to $2.40 from $2.60 previously.
On October 08, 2020, BTIG Research started tracking the stock assigning a Buy rating and target price of $2.50.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 27 ’23 when CR Group L.P. sold 5,981,202 shares for $0.19 per share. The transaction valued at 1,145,998 led to the insider holds 571,796 shares of the business.
CR Group L.P. sold 7,148,945 shares of TTOO for $1,125,959 on Sep 28 ’23. The 10% Owner now owns 0 shares after completing the transaction at $0.16 per share. On Sep 26 ’23, another insider, CR Group L.P., who serves as the 10% Owner of the company, sold 5,392,920 shares for $0.20 each. As a result, the insider received 1,082,359 and left with 1,050,192 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TTOO now has a Market Capitalization of 65374992 and an Enterprise Value of 79475032. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.01. Its current Enterprise Value per Revenue stands at 11.094 whereas that against EBITDA is -1.887.
Stock Price History:
Over the past 52 weeks, TTOO has reached a high of $63.46, while it has fallen to a 52-week low of $2.60. The 50-Day Moving Average of the stock is -24.39%, while the 200-Day Moving Average is calculated to be -17.94%.
Shares Statistics:
For the past three months, TTOO has traded an average of 141.91K shares per day and 278160 over the past ten days. A total of 17.48M shares are outstanding, with a floating share count of 5.97M. Insiders hold about 65.86% of the company’s shares, while institutions hold 13.45% stake in the company. Shares short for TTOO as of 1722384000 were 426752 with a Short Ratio of 3.01, compared to 1719532800 on 417094. Therefore, it implies a Short% of Shares Outstanding of 426752 and a Short% of Float of 2.5799999000000002.
