T2 Biosystems, Inc. mainly engages in the development of proprietary technology platforms. This company offers T2 Magnetic Resonance technology, enabling the rapid detection of pathogens, and some other abnormalities in different patient sample types. Some of the facts about NASDAQ: TTOO at https://www.webull.com/quote/nasdaq-ttoo have been discussed in this article.
Top facts to know about NASDAQ: TTOO
At T2 Biosystems, their main aim is to save lives and thus improve healthcare by empowering the clinicians to provide patients with the right therapy faster. Their main purpose is to solve the critical needs in healthcare diagnostics by using some innovative solutions. The faster the patients will receive effective treatment, the more likely they will survive and have some better outcomes. The typical blood tests provide accurate results in just 3 to 5 hours. The other way to identify a specific diagnosis mainly requires a blood culture, which may take 1 to 5 days. This company was founded in the year 2006 in Lexington, Massachusetts. It has got a total of 151 employees.
Top reasons to buy the stocks of the company
- NASDAQ: TTOO is having a net revenue of 8.34 million.
- T2 Biosystems capital turnover: This is normally a measure of the amount of revenue relative to shareholder’s equity. This is better as compared to 5.64% of US-listed stocks.
- Ttoo’s equity multiplier: This is a measure of the assets relative to shareholder’s equity. This is greater than that of 5.1% of US stocks.
- The volatility of the T2 Biosystems share price is normally greater than that of 95.77% other US stocks having at least 200 days of trading history.
- Stocks having similar market capitalization, financial metrics, and price volatility to T2 BiosystemsInc are SENS, INSM, and PRTK.
- The term momentum investing is the system of buying stocks or some other securities which had high returns over a three to twelve months period, and selling those who had poor returns over the same period. The recent price changes and the earnings do indicate that this would be a good stock to buy for the momentum investors.
- T2 Biosystems normally lie in the middle of a very strong and wide rising trend in the short term. For the given short-term trend, the company’s stock is expected to rise by 143.82% during the next 3 months and, with 90% probability, will hold a price between $2.86 and $4.77 by the end of this period.
- The 30-day high price of TTOO stock price was $2.31 and the lower was $0.93.
- The 90-day high price of this company’s stock was $2.31 and the low price was $0.45.
- The 52-week high price for T2Biosystems is $3.21 and has a low price of $0.24.
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