Momentum Is Strong For T2 Biosystems Inc (NASDAQ: TTOO)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Diagnostics & Research industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $3.00 and fluctuated between $3.2300 as its day high and $3.0811 as its day low. The current market capitalization of T2 Biosystems Inc is $16.53M. A total of 0.51 million shares were traded on the day, compared to an average of 296.01K shares.

In the most recent transaction, CR Group L.P. sold 7,148,945 shares of TTOO for 0.16 per share on Sep 28 ’23. After the transaction, the 10% Owner now owns 0 company shares. In a previous transaction on Sep 27 ’23, CR Group L.P. sold 5,981,202 shares at 0.19 per share. TTOO shares that 10% Owner owns now total 571,796.

Among the insiders who sold shares, CR Group L.P. disposed of 5,392,920 shares on Sep 26 ’23 at a per-share price of $0.20. This resulted in the 10% Owner holding 1,050,192 shares of TTOO after the transaction. In another insider transaction, CR Group L.P. sold 250,000 shares at $0.25 per share on Sep 25 ’23. Company shares held by the 10% Owner now total 1,481,535.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, TTOO has a high of $70.00 and a low of $2.60.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. TTOO’s latest balance sheet shows that the firm has $32.24M in Cash & Short Term Investments as of fiscal 2021. There were $58.32M in debt and $11.69M in liabilities at the time. Its Book Value Per Share was -$6.91, while its Total Shareholder’s Equity was -$12.90M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 TTOO is Buy with a score of 3.00.

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