A share of T2 Biosystems Inc. (NASDAQ:TTOO) closed at $0.12 per share on Monday, down from $0.12 day before. While T2 Biosystems Inc. has underperformed by -0.91%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TTOO fell by -88.40%, with highs and lows ranging from $1.23 to $0.12, whereas the simple moving average fell by -71.93% in the last 200 days.
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On January 27, 2021, Alliance Global Partners Downgraded T2 Biosystems Inc. (NASDAQ: TTOO) to Neutral. A report published by BTIG Research on October 08, 2020, Initiated its previous ‘Buy’ rating for TTOO. Janney July 31, 2019d its ‘Buy’ rating to ‘Neutral’ for TTOO, as published in its report on July 31, 2019. Alliance Global Partners also rated the stock as ‘Buy’.
Analysis of T2 Biosystems Inc. (TTOO)
Further, the quarter-over-quarter increase in sales is 2.90%, showing a positive trend in the upcoming months.
T2 Biosystems Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 688.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.20, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and TTOO is registering an average volume of 8.19M. On a monthly basis, the volatility of the stock is set at 8.93%, whereas on a weekly basis, it is put at 8.23%, with a loss of -12.45% over the past seven days. Furthermore, long-term investors anticipate a median target price of $0.57, showing growth from the present price of $0.12, which can serve as yet another indication of whether TTOO is worth investing in or should be passed over.
How Do You Analyze T2 Biosystems Inc. Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 9.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in TTOO shares?
The recent increase in stakes in TTOO appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in TTOO has decreased by -24.45% in the first quarter. The company now owns 4,960,499 shares of the stock, with a value of $0.8 million, following the sale of -1,605,384 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in TTOO during the first quarter, upping its stake by 0.03%. During the last quarter, the company picked up 1,004 additional shares for a total stake of worth $0.47 million, bringing number of shares owned by the company to 2,886,573.
During the first quarter, Geode Capital Management LLC added a 64,672 position in TTOO. Gagnon Securities LLC purchased an additional 692.0 shares in the last quarter, increasing its holdings by 0.09%, now holding 0.76 million shares worth $0.12 million. At the end of the first quarter, SSgA Funds Management, Inc. increased its TTOO holdings by 11.38% and now holds 0.65 million TTOO shares valued at $0.1 million with the added 66052.0 shares during the period. TTOO shares are owned by institutional investors to the tune of 9.10% at present.