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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 $5.49, up 10.46% from the previous day, and has decreased 56.53% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.59 percentage points. T2 Biosystems stock is currently +111.15% from its 52-week low of $2.60, and -92.16% from its 52-week high of $70.00.

As of Jul 12, 2024, there are 8.79M TTOO shares outstanding. The market capitalization of TTOO is $48.27M. In the past 24 hours, 156,846 TTOO shares were traded.

How to Buy T2 Biosystems Stock

Wondering how to invest in T2 Biosystems stock? Here's how.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Fund your investment account: Select your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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:

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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

TTOO Price
$5.49
1w %
15.82%
1y %
-56.53%
5y %
-99.93%
P/E
-0.48x
P/B
-1.28x
P/S
3.9x
PEG
N/A
Revenue
$7.18M
Earnings
-$45.65M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$48.27M
Next Earnings
Aug 5, 2024
Next Dividend
N/A

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 46951000. It does not have enough cash and short-term investments to cover this.
  • Total TTOO debt is still negative.
  • TTOO has $6.76M in cash and short term investments. This is not sufficient to cover its annual cash burn of $46.95M.
  • TTOO profit margin has gone down from -372.1% to -636.1% in the past year.
  • TTOO debt to equity ratio of -1.66 is negative.

Is TTOO stock a Buy, Hold, or Sell, according to analysts?

Out of 1 sell side analysts who give ratings on TTOO, the consensus analyst rating on T2 Biosystems is a Hold

Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are projecting on the T2 Biosystems stock forecast page.

TTOO Momentum

SMA10
5.07
SMA20
5.3
SMA50
4.87
SMA100
4.32
SMA200
5.76
MACD
0.05
MACD Signal
0.11
MACD Histogram
-0.06
RSI
57.08
Stochastic %K
22.33
Stochastic %D
15.14
StochRSI %K
22.56
StochRSI %D
13.76

How are TTOO Revenues/Earnings doing?

Last year, TTOO revenue was $7.18M. Over the past 5 year, TTOO's revenue has gone up by -6.37% per year. This was slower than the Diagnostics & Research industry average of 13.96%.

Find out more about TTOO's earnings and revenue performance here.

Latest Insiders Trades at 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 shares on Sep 28, 2023.

Dig into more about who owns TTOO shares here.

Can I rely on TTOO as an income stream?

No, T2 Biosystems doesn't provide an income stream by paying out dividends.

What do other traders have to say about TTOO?

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Step 5: Execute your TTOO trade

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are mostly fine.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a given price, use a limit order.

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Step 6: Get updates on your investment in TTOO

Now that you own some TTOO stock, you'll want to keep up with your company.

Add TTOO to 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:

  1. Choose where to buy T2 Biosystems stock
  2. Sign up for your brokerage account
  3. Fund your investment account
  4. Analyze T2 Biosystems stock
  5. Execute your TTOO trade
  6. Get updates on your investment in TTOO

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If you want to get the latest scoop on your new investment in T2 Biosystems, create your watchlist below.

NASDAQ: TTOO
$5.49+0.52 (+10.46%)
Updated Jul 12, 2024
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NASDAQ: TTOO
$5.49+0.52 (+10.46%)
Updated Jul 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one T2 Biosystems share?

As of Jul 12, 2024, it costs $5.49 to buy one share of T2 Biosystems stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.364 shares of TTOO.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy T2 Biosystems stock?

According to 1 Wall Street analysts who monitor T2 Biosystems, their consensus recommendation is to hold T2 Biosystems stock.

What is the best way to buy T2 Biosystems stock?

One way to place an order for T2 Biosystems stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.