The price of T2 Biosystems Inc (NASDAQ:TTOO) shares last traded on Wall Street fell -31.07% to $0.13.
TTOO stock price is now -61.49% away from the 50-day moving average and -94.78% away from the 200-day moving average. The market capitalization of the company currently stands at $3.76M.
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With the price target reduced from $2.60 to $2.40, Alliance Global Partners Downgraded its rating from Buy to Neutral for T2 Biosystems Inc (NASDAQ: TTOO). On October 08, 2020, BTIG Research recently initiated its ‘Buy’ rating on the stock quoting a target price of $2.50, while ‘Janney’ rates the stock as ‘Neutral’
In other news, Elsbree David B, Director sold 55 shares of the company’s stock on Sep 13 ’24. The stock was sold for $133 at an average price of $2.42. Upon completion of the transaction, the Director now directly owns 23 shares in the company, valued at $2.99. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 13 ’24, Director Elsbree David B bought 55 shares of the business’s stock. A total of $132 was incurred on buying the stock at an average price of $2.41. A total of 55.51% of the company’s stock is owned by insiders.
During the past 12 months, T2 Biosystems Inc has had a low of $0.18 and a high of $6.95. The fifty day moving average price for TTOO is $0.35494 and a two-hundred day moving average price translates $2.5799 for the stock.
The latest earnings results from T2 Biosystems Inc (NASDAQ: TTOO) was released for 2024-06-30. The company reported revenue of $1.99 million for the quarter, compared to $1.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.85 percent.
