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Tuesday, June 6, 2023

2seventy bio Inc. (TSVT) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for 2seventy bio Inc. (TSVT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.5449, or 4.77%, to $11.9649. The 2seventy bio Inc. has recorded 12,176 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that 2seventy bio Presents Late-Breaking Results for SC-DARIC33, an Investigational CD33-Targeting CAR T in Pediatric and Young Adults with Relapsed or Refractory Acute Myeloid Leukemia.

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Stocks Info

2seventy bio Inc. is listed on the NASDAQ in the Healthcare sector while operating in the Biotechnology industry. At the end of the last regular session, the stock closed at $11.42 and fluctuated between $12.14 as its day high and $11.32 as its day low. The current market capitalization of 2seventy bio Inc. is $557.18M. A total of 0.56 million shares were traded on the day, compared to an average of 916.25K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, TSVT has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 16,600 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 19 SELLs from insiders. Insiders purchased 857,421 shares during that period but sold 54,046.

In the most recent transaction, Baird William D III sold 637 shares of TSVT for 12.86 per share on Feb 13. After the transaction, the Chief Financial Officer now owns 210,303 company shares. In a previous transaction on Feb 07, Heffron Nicola sold 60 shares at 14.70 per share. TSVT shares that Chief Operating Officer owns now total 89,182.

Among the insiders who sold shares, Leschly Nick disposed of 6,587 shares on Jan 12 at a per-share price of $10.46. This resulted in the President and CEO holding 536,419 shares of TSVT after the transaction. In another insider transaction, Leschly Nick sold 2,026 shares at $10.63 per share on Jan 11. Company shares held by the President and CEO now total 534,393.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for TSVT in the last 3 months, the mean price target is $28.17 with high estimates of $33.00 and low estimates of $26.00. In terms of 52-week highs and lows, TSVT has a high of $18.88 and a low of $8.25.

As of this writing, TSVT has an earnings estimate of $Telesat Corporation per share for the current quarter. EPS was calculated based on a consensus of 2seventy bio, Inc. estimates, with a high estimate of $US Value ETF per share and a lower estimate of $Servotronics, Inc.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. TSVT’s latest balance sheet shows that the firm has $362.18M in Cash & Short Term Investments as of fiscal 2021. There were $282.21M in debt and $98.39M in liabilities at the time. Its Book Value Per Share was $9.23, while its Total Shareholder’s Equity was $359.82M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TSVT is Buy with a score of 5.00.

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