How to Buy T2 Biosystems Stock
T2 Biosystems Inc
T2 Biosystems, Inc. , an in vitro diagnostics company, develops diagnostic products and product candidates in the United States and internationally.
T2 Biosystems stock last closed at $2.94, down 2.97% from the previous day, and has decreased 92.16% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.83 percentage points. T2 Biosystems stock is currently +8.89% from its 52-week low of $2.70, and -95.8% from its 52-week high of $70.00.
As of Apr 17, 2024, there are 5.51M TTOO shares outstanding. The market capitalization of TTOO is $16.21M. In the past 24 hours, 62,749 TTOO shares were traded.
How to Buy T2 Biosystems Stock
Wondering how to invest in T2 Biosystems stock? Here's how.
- Choose where to buy T2 Biosystems stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy T2 Biosystems stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your payment method and add your information.
- Analyze T2 Biosystems stock: The T2 Biosystems ticker symbol is TTOO. Is T2 Biosystems stock a good investment? Should you buy shares of TTOO? How do TTOO's underlying business fundamentals look? Do top analysts think T2 Biosystems is a good buy? Why has TTOO's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if TTOO is a good stock to buy).
- Execute your TTOO trade: Decide if you will purchase TTOO shares at the current market price or use a limit order to purchase TTOO stock at a particular price.
- Get updates on your investment in TTOO: Create a watchlist to get live updates on your position in T2 Biosystems shares.
Step 1: Choose where to buy T2 Biosystems stock
You need an online brokerage account to access the NASDAQ market and buy TTOO stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal details so you can invest in TTOO stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open a new brokerage account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have finished signing up on the best stock broker app, you can securely and quickly fund your account:
Watch the walkthrough below if you need help transferring funds into your new investment account.
Step 4: Analyze T2 Biosystems stock
After you have identified the best place to buy T2 Biosystems stock, it's important to analyze their stock prior to investing, so you truly comprehend the risk and upside.
T2 Biosystems stock quick numbers
T2 Biosystems Overview
WallStreetZen was created to help everyday investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on TTOO's stock page.
Is TTOO stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge TTOO's intrinsic value.
You can access more valuation analysis on TTOO's stock here.
TTOO Financial Summary
Pros:
- There are more short-term assets than long-term liabilities on the TTOO balance sheet.
Cons:
- There are more short-term liabilities than short-term assets on the TTOO balance sheet.
- TTOO has cash burn of 48328000. It does not have enough cash and short-term investments to cover this.
- Total TTOO debt is still negative.
- TTOO has $16.24M in cash and short term investments. This is not sufficient to cover its annual cash burn of $48.33M.
- TTOO profit margin has gone down from -279.5% to -696.2% in the past year.
- TTOO debt to equity ratio of -2.24 is negative.
Metrics for Advanced TTOO Traders
TTOO Growth Metrics
Last year, TTOO revenue was $7.19M. Over the past five year, TTOO's revenue has grown by -7.29% per year. This was slower than the Diagnostics & Research industry average of 13.07%.
You can research TTOO's earnings and revenue performance here.
Who is buying/selling TTOO?
In the last year, insiders at TTOO have sold more shares than they have bought.
Cr Group LP, 10% Owner of TTOO, was the latest TTOO insider to sell. They sold $306,180.62 worth of TTOO stock on Sep 28, 2023.
Research more about who owns TTOO shares here.
Does TTOO provide a stable income stream?
No, T2 Biosystems doesn't provide an income stream by paying out dividends.
What do other investors have to say about TTOO?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your TTOO trade
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given price, use a limit order.
Click the Open button and eToro will execute the order.
If you require additional help investing in stocks on eToro, watch the how to video below:
Step 6: Get updates on your investment in TTOO
Now that you own some shares in TTOO, you'll want to keep up with your new shares.
Make a watchlist to keep tabs on your TTOO stock.
TTOO Feed
How to Buy Stock in T2 Biosystems
To reiterate, here are the 6 steps to buy stock in T2 Biosystems:
- Choose where to buy T2 Biosystems stock
- Sign up for your brokerage account
- Fund your investment account
- Analyze T2 Biosystems stock
- Execute your TTOO trade
- Get updates on your investment in TTOO
If you are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in T2 Biosystems, get started below.
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