T2 Biosystems Inc (NASDAQ: TTOO) kicked off on Tuesday, up 7.69% from the previous trading day, before settling in for the closing price of $1.43. Over the past 52 weeks, TTOO has traded in a range of $1.34-$8.38.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 12.68%. With a float of $6.02 million, this company’s outstanding shares have now reached $17.48 million.
Considering the fact that the conglomerate employs 113 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -88.0%, operating margin of -629.55%, and the pretax margin is -677.58%.
T2 Biosystems Inc (TTOO) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Diagnostics & Research Industry. The insider ownership of T2 Biosystems Inc is 65.53%, while institutional ownership is 13.45%. The most recent insider transaction that took place on Sep 13 ’24, was worth 133. In this transaction Director of this company sold 55 shares at a rate of $2.42, taking the stock ownership to the 23 shares. Before that another transaction happened on Sep 13 ’24, when Company’s Director proposed sale 55 for $2.41, making the entire transaction worth $132.
T2 Biosystems Inc (TTOO) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -8 earnings per share (EPS), higher than consensus estimate (set at -26.67) by 18.67. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.49 per share during the current fiscal year.
T2 Biosystems Inc (NASDAQ: TTOO) Trading Performance Indicators
Take a look at T2 Biosystems Inc’s (TTOO) current performance indicators. Last quarter, stock had a quick ratio of 0.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -9.29, a number that is poised to hit -0.17 in the next quarter
Technical Analysis of T2 Biosystems Inc (TTOO)
Compared to the last year’s volume of 0.27 million, its volume of 0.5 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 34.57%. Additionally, its Average True Range was 0.15.
During the past 100 days, T2 Biosystems Inc’s (TTOO) raw stochastic average was set at 3.66%, which indicates a significant decrease from 35.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.09% in the past 14 days, which was lower than the 74.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.4427, while its 200-day Moving Average is $3.9663. Nevertheless, the first resistance level for the watch stands at $1.6267 in the near term. At $1.7133, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.8067. If the price goes on to break the first support level at $1.4467, it is likely to go to the next support level at $1.3533. Now, if the price goes above the second support level, the third support stands at $1.2667.
T2 Biosystems Inc (NASDAQ: TTOO) Key Stats
The company with the Market Capitalisation of 26.92 million has total of 8,793K Shares Outstanding. Its annual sales at the moment are 7,190 K in contrast with the sum of -50,080 K annual income. Company’s last quarter sales were recorded 1,950 K and last quarter income was -8,960 K.
