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Riding the Waves: A Guide to Investing in TTOO Stock

The stock of T2 Biosystems Inc. (TTOO) is currently priced at $0.46. In the last session, the stock climbed significantly, topping out at $0.4685 after opening at $0.3819. The day’s lowest price was $0.337 before the stock closed at $0.28.

T2 Biosystems Inc. experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $6.00 on 09/29/22, while the lowest price for the same period was registered at $0.05 on 06/12/23.

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52-week price history of TTOO Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. T2 Biosystems Inc.’s current trading price is -92.35% away from its 52-week high, while its distance from the 52-week low is 749.81%. The stock’s price range during the 52-week period has remained between $0.05 and $6.00. In the Healthcare sector, the company’s shares saw a trading volume of around 408.35 million for the day, which was evidently higher than the average daily volume of 106.59 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 427.47% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 144.46M 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 0.2211, with a change in price of +0.1125. Similarly, T2 Biosystems Inc. recorded 84,565,141 in trading volume during the last 100 days, posting a change of +32.48%.

TTOO Stock Stochastic Average

T2 Biosystems Inc.’s raw stochastic average for the past 50 days is presently 60.92%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 56.04%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 23.85% and 13.18%, respectively.

TTOO Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The metric has seen a significant loss of -67.68% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -7.37%. Over the past 30 days, the price of TTOO has fallen by 1.24%. And in the last five days, it has surged by 76.09%.

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