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T2 Biosystems, Inc. (TTOO)
5.93  0.17 (2.95%)    06-21 16:00
Open: 5.74
High: 6.07
Volume: 613,582
  
Pre. Close: 5.76
Low: 5.52
Market Cap: 91(M)
Technical analysis
2024-06-21 4:55:51 PM
Short term     
Mid term     
Targets 6-month :  7.53 1-year :  8.79
Resists First :  6.44 Second :  7.53
Pivot price 4.92
Supports First :  5.06 Second :  4.21
MAs MA(5) :  5.44 MA(20) :  4.95
MA(100) :  4.29 MA(250) :  10.71
MACD MACD :  0.2 Signal :  0.2
%K %D K(14,3) :  78.8 D(3) :  78
RSI RSI(14): 68.6
52-week High :  70 Low :  2.59
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ TTOO ] has closed Bollinger Bands are 3.6% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 6.07 - 6.09 6.09 - 6.11
Low: 5.47 - 5.49 5.49 - 5.51
Close: 5.89 - 5.92 5.92 - 5.96
Company Description

T2 Biosystems, Inc., an in vitro diagnostics company, develops diagnostic products and product candidates in the United States and internationally. Its technology enables detection of pathogens, biomarkers, and other abnormalities in various unpurified patient sample types, including whole blood, plasma, serum, saliva, sputum, cerebral spinal fluid, and urine. The company also offers T2Dx Instrument, a bench-top instrument that runs various diagnostic tests from patient samples; T2Candida, a direct-from-blood test that identifies blood stream infections that causes sepsis and candidemia; T2Bacteria, a direct-from-blood test, which detects bacterial pathogens associated with sepsis; T2Resistance to identify carbapenem resistance genes; and T2SARS-CoV-2 panel to detect SARS-CoV-2 virus. In addition, it is developing T2Biothreat for detection of biothreat pathogens; comprehensive sepsis panel to detect bloodstream infections caused by bacterial and Candida species, and antibiotic resistant markers; T2Cauris to provide direct detection of the emerging superbug Candida auris in patient skin, patient blood, and hospital environmental samples; and T2Lyme, a direct-from-blood test panel designed to run on the T2Dx Instrument to identify the bacteria that cause Lyme disease. The company has collaboration agreements with Canon U.S. Life Sciences, Inc. to develop a diagnostic test panel to detect Lyme disease. T2 Biosystems, Inc. was incorporated in 2006 and is headquartered in Lexington, Massachusetts.

Headline News

Fri, 21 Jun 2024
T2 Biosystems (NASDAQ:TTOO) Stock Price Crosses Above Fifty Day Moving Average of $4.24 - Defense World

Sat, 15 Jun 2024
T2 Biosystems, Inc. (NASDAQ:TTOO) Short Interest Update - Defense World

Wed, 15 May 2024
T2 Biosystems Announces $8 Million Private Placement Priced At-The-Market Under Nasdaq Rules - GlobeNewswire

Tue, 14 May 2024
T2 Biosystems Announces CRG's Conversion from Preferred - GlobeNewswire

Tue, 07 May 2024
T2 Biosystems, Inc. (NASDAQ:TTOO) Q1 2024 Earnings Call Transcript - Yahoo Finance

Mon, 06 May 2024
T2 Biosystems Announces the Conversion of an Additional $15 Million of CRG Term Loan into Equity - GlobeNewswire

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Underperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Healthcare
Industry:
Medical - Diagnostics & Research
Shares Out 17 (M)
Shares Float 6 (M)
Held by Insiders 2.4 (%)
Held by Institutions 70.7 (%)
Shares Short 636 (K)
Shares Short P.Month 374 (K)
Stock Financials
EPS 109.91
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) -6.85
Profit Margin 0 %
Operating Margin -611.4 %
Return on Assets (ttm) -100.2 %
Return on Equity (ttm) 0 %
Qtrly Rev. Growth -0.9 %
Gross Profit (p.s.) 0
Sales Per Share 0.42
EBITDA (p.s.) -2.66
Qtrly Earnings Growth 0 %
Operating Cash Flow -47 (M)
Levered Free Cash Flow -31 (M)
Stock Valuations
PE Ratio 0.05
PEG Ratio 0
Price to Book value -0.87
Price to Sales 14.09
Price to Cash Flow -2.16
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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