2seventy bio Inc. (NASDAQ:TSVT) marked $12.21 per share on Tuesday, up from a previous closing price of $11.43. While 2seventy bio Inc. has overperformed by 6.82%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TSVT fell by -39.16%, with highs and lows ranging from $21.00 to $8.44, whereas the simple moving average fell by -11.89% in the last 200 days.
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On October 31, 2022, Guggenheim started tracking 2seventy bio Inc. (NASDAQ: TSVT) recommending Buy. A report published by Goldman on May 02, 2022, Initiated its previous ‘Buy’ rating for TSVT. SVB Leerink also rated TSVT shares as ‘Outperform’, setting a target price of $38 on the company’s shares in an initiating report dated February 10, 2022. Canaccord Genuity initiated its ‘Buy’ rating for TSVT, as published in its report on November 09, 2021. Morgan Stanley also rated the stock as ‘Overweight’.
Analysis of 2seventy bio Inc. (TSVT)
Further, the quarter-over-quarter decrease in sales is -30.60%, showing a negative trend in the upcoming months.
In order to gain a clear picture of 2seventy bio Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -77.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.40, 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.
An average volume of 497.35K can be a very valuable indicator of volatility for TSVT stock. On a monthly basis, the volatility of the stock is set at 6.69%, whereas on a weekly basis, it is put at 8.29%, with a gain of 19.12% over the past seven days. Furthermore, long-term investors anticipate a median target price of $29.00, showing growth from the present price of $12.21, which can serve as yet another indication of whether TSVT is worth investing in or should be passed over.
How Do You Analyze 2seventy bio Inc. Shares?
In addition to the fundamentals, you should also consider 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 2.20%. 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 90.60% 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 TSVT shares?
The recent increase in stakes in TSVT appears to be a result of several institutional investors and hedge funds increasing their positions. Wellington Management Co. LLP’s position in TSVT has increased by 10.55% in the first quarter. The company now owns 3,212,011 shares of the stock, with a value of $30.1 million, following the purchase of 306,644 additional shares during the last quarter. Ecor1 Capital LLC made another decreased to its shares in TSVT during the first quarter, downing its stake by -33.03%. During the last quarter, the company dropped down -1,154,630 additional shares for a total stake of worth $21.94 million, bringing number of shares owned by the company to 2,341,313.
During the first quarter, SSgA Funds Management, Inc. subtracted a -191,122 position in TSVT. The Vanguard Group, Inc. purchased an additional 25850.0 shares in the last quarter, increasing its holdings by 1.14%, now holding 2.3 million shares worth $21.56 million. At the end of the first quarter, BlackRock Fund Advisors increased its TSVT holdings by 1.34% and now holds 2.29 million TSVT shares valued at $21.49 million with the added 30364.0 shares during the period. TSVT shares are owned by institutional investors to the tune of 90.60% at present.