On June 21, 2022, T2 Biosystems Inc. (NASDAQ: TTOO) opened at $0.1829, lower -1.06% from the last session. During the day, the shares moved up to $0.188 and dropped to $0.1651 before settling in for the closing price of $0.17. Price fluctuations for TTOO have ranged from $0.15 to $1.33 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 47.10%. Company’s average yearly earnings per share was noted 19.60% at the time writing. With a float of $163.62 million, this company’s outstanding shares have now reached $169.85 million.
Considering the fact that the conglomerate employs 182 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +26.21, operating margin of -153.16, and the pretax margin is -175.50.
T2 Biosystems Inc. (TTOO) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Diagnostics & Research industry is another important factor to consider. The insider ownership of T2 Biosystems Inc. is 0.80%, while institutional ownership is 9.10%. The most recent insider transaction that took place on Apr 08, was worth 6,476. In this transaction Chief Operations Officer of this company bought 12,952 shares at a rate of $0.50, taking the stock ownership to the 181,945 shares. Before that another transaction happened on Apr 08, when Company’s Chief Financial Officer bought 10,000 for $0.48, making the entire transaction worth $4,767. This insider now owns 152,350 shares in total.
T2 Biosystems Inc. (TTOO) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 3/30/2022, the company posted -$0.1 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.07) by -$0.03. This company achieved a net margin of -175.50. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 19.60% per share during the next fiscal year.
T2 Biosystems Inc. (NASDAQ: TTOO) Trading Performance Indicators
Check out the current performance indicators for T2 Biosystems Inc. (TTOO). In the past quarter, the stock posted a quick ratio of 2.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.34, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.23 in one year’s time.
Technical Analysis of T2 Biosystems Inc. (TTOO)
Compared to the last year’s volume of 1.69 million, its volume of 6.43 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 38.88%. Additionally, its Average True Range was 0.02.
During the past 100 days, T2 Biosystems Inc.’s (TTOO) raw stochastic average was set at 4.18%, which indicates a significant decrease from 32.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 93.15% in the past 14 days, which was lower than the 103.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.2922, while its 200-day Moving Average is $0.5317. Nevertheless, the first resistance level for the watch stands at $0.1824 in the near term. At $0.1967, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.2053. If the price goes on to break the first support level at $0.1595, it is likely to go to the next support level at $0.1509. Now, if the price goes above the second support level, the third support stands at $0.1366.
T2 Biosystems Inc. (NASDAQ: TTOO) Key Stats
There are currently 171,037K shares outstanding in the company with a market cap of 27.31 million. Presently, the company’s annual sales total 28,060 K according to its annual income of -49,240 K. Last quarter, the company’s sales amounted to 7,230 K and its income totaled -16,500 K.