T2 Biosystems Inc(TTOO) is a stock of interest due to the large impact the company has on the market. Here at Wall Street Facts we only cover the best stocks so make sure you check out our other articles. Today we will be diving deep into all of the essential information you need to know about TTOO. We will be studying the movement so you can make the best decision as an investor.
First, here is information about the company and how it functions: T2 Biosystems, Inc. engages in the development of proprietary technology platform. It offers the T2 Magnetic Resonance technology, which enables rapid detection of pathogens, biomarkers and other abnormalities in a variety of unpurified patient sample types. It products include T2Bacteria Panel, T2Candida Panel, T2Dx Instrument, AND T2MR Technology. The company was founded by Michael J. Cima, Robert S. Langer Jr., Tyler Jacks, Lee Josephson, W. David Lee, and Ralph Weissleder on April 27, 2006 and is headquartered in Lexington, MA.
The stock has moved downwards today by 1.85%. The high for today is 1.65 and today’s low is 1.56. This information is critical in deciding whether this investment is risky or not. We can see the stock is trending downwards, which means the volume of people selling this stock is greater than people buying it. Next we will be going over the forecast.
As an investor, you can get an idea where the stock is trending by the forecast. In this case the high forecast for T2 Biosystems Inc is $3.50 and the low forecast is $3.00. We can get a look into the future by looking at past trends. Looking at T2 Biosystems Inc’s 5 year movement it seems it has fallen 83%. Overall, T2 Biosystems Inc is in great shape going forward. They have a strong market cap of $235.15M and a very bright future ahead fo them.