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As of close of business last night, T2 Biosystems Inc’s stock clocked out at $0.51, up 19.77% from its previous closing price of $0.43. In other words, the price has increased by $19.77 from its previous closing price. On the day, 3.45 million shares were traded. TTOO stock price reached its highest trading level at $0.53 during the session, while it also had its lowest trading level at $0.4301.
Ratios:
To gain a deeper understanding of TTOO’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 10731930 and an Enterprise Value of 23661538. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.67. Its current Enterprise Value per Revenue stands at 3.303 whereas that against EBITDA is -0.562.
Stock Price History:
Over the past 52 weeks, TTOO has reached a high of $8.38, while it has fallen to a 52-week low of $0.42. The 50-Day Moving Average of the stock is -61.07%, while the 200-Day Moving Average is calculated to be -85.57%.
Shares Statistics:
It appears that TTOO traded 504.32K shares on average per day over the past three months and 1059270 shares per day over the past ten days. A total of 21.04M shares are outstanding, with a floating share count of 6.96M. Insiders hold about 66.94% of the company’s shares, while institutions hold 10.23% stake in the company. Shares short for TTOO as of 1730332800 were 834762 with a Short Ratio of 1.66, compared to 1727654400 on 355342. Therefore, it implies a Short% of Shares Outstanding of 834762 and a Short% of Float of 5.0100001999999995.