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T2 Biosystems Inc.: Navigating a Turbulent Year, Up -95.39% from 52-Week Low

The stock of T2 Biosystems Inc. (TTOO) is currently priced at $0.29. In the last session, the stock climbed significantly, topping out at $0.2788 after opening at $0.2774. The day’s lowest price was $0.2561 before the stock closed at $0.26.

The market performance of T2 Biosystems Inc.’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $6.24 on 09/16/22, while the lowest value for the same duration was $0.05 on 06/12/23.

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52-week price history of TTOO Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. T2 Biosystems Inc.’s current trading price is -95.39% away from its 52-week high, while its distance from the 52-week low is 433.24%. The stock’s price range during this period has spanned from $0.05 to $6.24. In the Healthcare sector, the T2 Biosystems Inc.’s shares surpassed a trading volume of approximately 45.25 million for the day, which was noticeably lower compared to the average daily volume of 9.107.5 million over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

T2 Biosystems Inc. (TTOO) has experienced a quarterly rise of 223.54% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 108.72M and boasts a workforce of 158 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.2201, with a change in price of -0.0571. Similarly, T2 Biosystems Inc. recorded 80,084,141 in trading volume during the last 100 days, posting a change of -16.19%.

TTOO Stock Stochastic Average

Today’s raw stochastic average for T2 Biosystems Inc. over the last 50 days is 34.46%.This indicates a increase from the raw stochastic average of the past 20 days, which was 15.19%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 9.10% and 8.35%, respectively.

TTOO Stock Price Performance Analysis

The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. The metric has seen a significant loss of -79.72% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -45.67%. Over the past 30 days, the price of TTOO has leaped by -49.38%. And in the last five days, it has fallen by -5.09%.

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