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T2 Biosystems, Inc. (TTOO)

NASDAQ: TTOO · IEX Real-Time Price · USD
0.870
-0.002 (-0.23%)
After-hours:Oct 25, 2021 7:57 PM EDT
0.872
-0.006 (-0.73%)
At close: Oct 25, 4:00 PM
Market Cap144.62M
Revenue (ttm)26.68M
Net Income (ttm)-44.30M
Shares Out154.89M
EPS (ttm)-0.30
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume2,401,908
Open0.880
Previous Close0.878
Day's Range0.855 - 0.888
52-Week Range0.810 - 3.790
Beta0.29
AnalystsStrong Buy
Price Target2.20 (+152.3%)
Est. Earnings DateNov 4, 2021

About TTOO

T2 Biosystems, Inc., an in vitro diagnostics company, develops diagnostic products and product candidates in the United States and internationally. It provides T2 Magnetic Resonance technology that enables detection of pathogens, biomarkers, and other abnormalities in various unpurified patient sample types, including whole blood, plasma, serum, saliva, sputum, cerebral spinal fluid, and urine. The company also offers T2Dx Instrument, a bench-top instrument for detecting pathogens associated with sepsis and Lyme disease, and other applications,...

IndustryBiotechnology
IPO DateAug 7, 2014
CEOJohn McDonough
Employees148
Stock ExchangeNASDAQ
Ticker SymbolTTOO
Full Company Profile

Financial Performance

In 2020, T2 Biosystems's revenue was $18.13 million, an increase of 117.52% compared to the previous year's $8.34 million. Losses were -$46.80 million, -20.69% less than in 2019.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for T2 Biosystems stock is "Strong Buy." The 12-month stock price forecast is 2.20, which is an increase of 152.29% from the latest price.

Price Target
$2.20
(152.29% upside)
Analyst Consensus: Strong Buy

News

3 Hot Penny Stocks for Friday: What's Going on With TTOO, SALM and GROM Today?

Investors are tracking hot penny stocks that are on the move today with a few names getting quite a bit of attention on Friday. The post 3 Hot Penny Stocks for Friday: What's Going on With TTOO, SALM an...

3 days ago - InvestorPlace

T2 Biosystems to Report Third Quarter 2021 Financial Results on November 4, 2021

LEXINGTON, Mass., Oct. 22, 2021 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens, announced today that it will report financial results ...

3 days ago - GlobeNewsWire

T2 Biosystems Announces Distribution Agreements in Key Asia-Pacific Markets

Expands International Commercialization with Initial Shipment of T2Dx Instruments to Asia Expands International Commercialization with Initial Shipment of T2Dx Instruments to Asia

4 days ago - GlobeNewsWire

T2 Biosystems Appoints Laura Adams to Its Board of Directors

LEXINGTON, Mass., Oct. 19, 2021 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens, today announced the appointment of Laura Adams to its ...

6 days ago - GlobeNewsWire

T2 Biosystems Reports Granting of Inducement Award

LEXINGTON, Mass., Oct. 15, 2021 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO) a leader in the rapid detection of sepsis-causing pathogens, announced today that it issued inducement awards to twe...

1 week ago - GlobeNewsWire

T2 Biosystems Showcases Research from Recent Industry Conferences

Leading rapid diagnostics company shares highlights of comprehensive data presented at AACC, CAP21 and IDWeek Leading rapid diagnostics company shares highlights of comprehensive data presented at AACC,...

1 week ago - GlobeNewsWire

T2 Biosystems Announces BARDA Exercise of Contract Option 2A Valued at $6.4 Million

Advances Development of Diagnostics for Sepsis-Causing Pathogens, Antibiotic Resistance, and Biothreat Pathogens Advances Development of Diagnostics for Sepsis-Causing Pathogens, Antibiotic Resistance, ...

3 weeks ago - GlobeNewsWire

T2 Biosystems to Unveil New Data at September Conferences

Leading rapid diagnostics company to share new research at industry conferences throughout Sepsis Awareness Month Leading rapid diagnostics company to share new research at industry conferences througho...

1 month ago - GlobeNewsWire

Are Options Traders Betting on a Big Move in T2 Biosystems (TTOO) Stock?

Investors need to pay close attention to T2 Biosystems (TTOO) stock based on the movements in the options market lately.

1 month ago - Zacks Investment Research

TTOO Stock: The Huge Covid-19 News Lifting T2 Biosystems Today

T2 Biosystems has announced a breakthrough in Covid-19 variant testing. As a result, shares have rapidly shot up.

1 month ago - InvestorPlace

T2 Biosystems' Stock Jumps As Its COVID-19 Molecular Test Can Detect Mu, Iota Variants

T2 Biosystems Inc (NASDAQ:TTOO) announced that its T2SARS-CoV-2 Panel is capable of detecting the Mu (B.1.621) and Iota (B.1.526) variants, which were recently confirmed to be present in the U.S. Also R...

1 month ago - Benzinga

T2 Biosystems T2SARS-CoV-2™ Panel Proves Capable of Detecting the Mu B.1.621 and Iota B.1.526 Variants of the SARS-Co...

LEXINGTON, Mass., Sept. 09, 2021 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens, today announced that its T2SARS-CoV-2™ Panel—a molecu...

1 month ago - GlobeNewsWire

T2 Biosystems Announces Plans to Consolidate and Expand Facilities in Massachusetts

LEXINGTON, Mass., Sept. 08, 2021 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens, announced today plans to consolidate its existing fac...

1 month ago - GlobeNewsWire

T2 Biosystems Recognizes Sepsis Awareness Month with Thought Leadership Campaign and Participation in Sepsis Alliance...

Leading rapid diagnostics company aims to increase awareness of sepsis diagnosis, management and treatment Leading rapid diagnostics company aims to increase awareness of sepsis diagnosis, management an...

1 month ago - GlobeNewsWire

T2 Biosystems Q2 Earnings Edges Wall Street Estimates On Higher Test Panels Volumes, Expects Lower COVID-19 Test Sale...

T2 Biosystems Inc's (NASDAQ: TTOO) second-quarter revenues rose 162% Y/Y to $6.7 million, slightly ahead of the consensus of $6.12 million, primarily due to increased test panel sales. The firm reported...

2 months ago - Benzinga

T2 Biosystems (TTOO) Reports Q2 Loss, Tops Revenue Estimates

T2 Biosystems (TTOO) delivered earnings and revenue surprises of 0.00% and 12.13%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

T2 Biosystems to Participate in the Canaccord Genuity 41st Annual Growth Conference

LEXINGTON, Mass., Aug. 04, 2021 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens, today announced plans to participate in the upcoming C...

2 months ago - GlobeNewsWire

Will T2 Biosystems (TTOO) Report Negative Earnings Next Week? What You Should Know

T2 Biosystems (TTOO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

T2 Biosystems to Report Second Quarter 2021 Financial Results on August 5, 2021

LEXINGTON, Mass., July 22, 2021 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens, announced today that it will report financial results ...

3 months ago - GlobeNewsWire

T2 Biosystems Reports Granting of Inducement Award

LEXINGTON, Mass., July 19, 2021 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO) a leader in the rapid detection of sepsis-causing pathogens, announced today that it issued inducement awards to ele...

3 months ago - GlobeNewsWire

8 Reddit Penny Stocks to Watch With Meme Stocks on the Rise

Best penny stocks to watch on Reddit with meme stocks on the rise? Check these 8 out The post 8 Reddit Penny Stocks to Watch With Meme Stocks on the Rise appeared first on Penny Stocks to Buy, Picks, Ne...

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3 months ago - PennyStocks

Trending Penny Stocks to Buy Right Now? 8 For Your Watchlist

Are these trending penny stocks worth watching in July 2021? The post Trending Penny Stocks to Buy Right Now?

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4 months ago - PennyStocks

T2 Biosystems to Participate at Clinical Conferences in June and July 2021

Company will underscore the importance of rapid diagnostic technology for detecting bloodstream infections (BSIs) and sepsis Company will underscore the importance of rapid diagnostic technology for det...

4 months ago - GlobeNewsWire

World's Leading Proxy Advisory Firms ISS and Glass Lewis Recommend T2 Biosystems Stockholders Vote “FOR” the Charter ...

LEXINGTON, Mass., June 11, 2021 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens, today announced that leading proxy advisory firms Inst...

4 months ago - GlobeNewsWire

Hot Biotech Penny Stocks To Buy? 3 to Watch Right Now

With biotech penny stocks back in focus, which small-caps are you watching? The post Hot Biotech Penny Stocks To Buy?

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