For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of T2 Biosystems Inc (NASDAQ: TTOO) was $0.25 for the day, up 1.63% from the previous closing price of $0.25. In other words, the price has increased by $1.63 from its previous closing price. On the day, 0.92 million shares were traded. TTOO stock price reached its highest trading level at $0.2586 during the session, while it also had its lowest trading level at $0.24.
Ratios:
Our analysis of TTOO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.24 and its Current Ratio is at 0.40.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 13 ’24 when Elsbree David B sold 55 shares for $2.42 per share. The transaction valued at 133 led to the insider holds 23 shares of the business.
Elsbree David B bought 55 shares of TTOO for $132 on Sep 13 ’24.
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 7011350 and an Enterprise Value of 23661538. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91. Its current Enterprise Value per Revenue stands at 3.303 whereas that against EBITDA is -0.562.
Stock Price History:
The Beta on a monthly basis for TTOO is 0.32, which has changed by -0.94505495 over the last 52 weeks, in comparison to a change of 0.23809385 over the same period for the S&P500. Over the past 52 weeks, TTOO has reached a high of $6.95, while it has fallen to a 52-week low of $0.22. The 50-Day Moving Average of the stock is -40.22%, while the 200-Day Moving Average is calculated to be -90.86%.
Shares Statistics:
TTOO traded an average of 1.03M shares per day over the past three months and 1508140 shares per day over the past ten days. A total of 18.76M shares are outstanding, with a floating share count of 12.48M. Insiders hold about 55.51% of the company’s shares, while institutions hold 7.74% stake in the company. Shares short for TTOO as of 1730332800 were 834762 with a Short Ratio of 0.91, compared to 1727654400 on 355342. Therefore, it implies a Short% of Shares Outstanding of 834762 and a Short% of Float of 5.0100001999999995.
