T2 Biosystems (TTOO) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for T2 Biosystems in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TTOO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TTOO, but not buy additional shares or sell existing shares.
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1 Wall Street research analysts have issued 1-year price objectives for T2 Biosystems' stock. Their TTOO share price forecasts range from $2.50 to $2.50. On average, they predict the company's stock price to reach $2.50 in the next year. This suggests a possible upside of 1,232.6% from the stock's current price.
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T2 Biosystems' stock was trading at $1.42 at the start of the year. Since then, TTOO stock has decreased by 86.8% and is now trading at $0.1876.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
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T2 Biosystems, Inc. (NASDAQ:TTOO) posted its quarterly earnings data on Monday, August, 7th. The medical equipment provider reported ($0.08) EPS for the quarter. The medical equipment provider had revenue of $1.96 million for the quarter.

Shares of T2 Biosystems reverse split on Thursday, October 13th 2022. The 1-50 reverse split was announced on Thursday, October 13th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, October 13th 2022. An investor that had 100 shares of stock prior to the reverse split would have 2 shares after the split.

T2 Biosystems issued an update on its second quarter 2023 earnings guidance on Thursday, July, 13th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.00 million-$2.00 million, compared to the consensus revenue estimate of $2.70 million.

36 employees have rated T2 Biosystems Chief Executive Officer John McDonough on Glassdoor.com. John McDonough has an approval rating of 54% among the company's employees. This puts John McDonough in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other T2 Biosystems investors own include Sorrento Therapeutics (SRNE), Inovio Pharmaceuticals (INO), VBI Vaccines (VBIV), Tonix Pharmaceuticals (TNXP), OPKO Health (OPK), SCYNEXIS (SCYX), Biocept (BIOC), Heat Biologics (HTBX), NVIDIA (NVDA) and Vaxart (VXRT).

T2 Biosystems trades on the NASDAQ under the ticker symbol "TTOO."

T2 Biosystems' stock is owned by a variety of retail and institutional investors. Top institutional investors include Acadian Asset Management LLC (0.33%), Citadel Advisors LLC (0.00%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Adrian M Jones, Alec Barclay, Brett A Giffin, Goldman Sachs & Co Llc, Group LP Cr, John J Sperzel III, John M Sprague, John Mcdonough and Michael Terrence Gibbs.
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Shares of TTOO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TTOO stock can currently be purchased for approximately $0.19.

T2 Biosystems (NASDAQ:TTOO) has a market capitalization of $62.58 million and generates $22.31 million in revenue each year.

The company employs 158 workers across the globe.

T2 Biosystems' mailing address is 101 HARTWELL AVENUE, LEXINGTON MA, 02421. The official website for the company is www.t2biosystems.com. The medical equipment provider can be reached via phone at (781) 761-4646, via email at ir@t2biosystems.com, or via fax at 781-357-3080.