The trading price of T2 Biosystems Inc (NASDAQ:TTOO) floating higher at last check on Monday, April 22, closing at $2.97, 0.34% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $70.00 and a 52-week low of $2.70. Over the past month, the stock has lost -1.66% in value.
T2 Biosystems Inc, whose market valuation is $16.36 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of T2 Biosystems Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TTOO has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that TTOO’s price is currently 0.03% off the SMA20 and -28.50% off the SMA50. The RSI metric on the 14-day chart is currently showing 38.59, and weekly volatility stands at 9.25%. When measured over the past 30 days, the indicator reaches 9.70%. T2 Biosystems Inc (NASDAQ:TTOO)’s beta value is currently sitting at 0.08, while the Average True Range indicator is currently displaying 0.33.
To see how T2 Biosystems Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: TTOO stock’s performance was 0.34% at last check in today’s session, and -91.86% in the past year.
An evaluation of the daily trading volume of T2 Biosystems Inc (NASDAQ:TTOO) indicates that the 3-month average is 255.09K.
Currently, records show that 4.06 million of the company’s shares remain outstanding. The insiders hold 31.36% of outstanding shares, whereas institutions hold 3.96%. However, since the stock’s price has seen -52.67% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
