T2 Biosystems: Still A Buy After The Rally [Seeking Alpha]
T2 Biosystems, Inc. (TTOO)
Last t2 biosystems, inc. earnings: 2/24 04:05 pm
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US:NASDAQ Investor Relations:
investors.t2biosystems.com/phoenix.zhtml?c=253528&p=irol-faq
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Source: Seeking Alpha
Summary T2 Biosystems shares have rallied despite the fact the company raised capital. The company finally received FDA clearance for its T2Bacteria Panel on May 29th. I still consider the stock a buy, supported by higher analyst targets, a great technical picture, and a discount to peers. Let me start by giving a small history of my investment thesis for T2 Biosystems ( TTOO ). My first article on the company was back in Feb. 26 (please consider: T2 Biosystems Might Hit A Home Run In 2018 ). My investment thesis back then was very simple. Even with a very bad balance sheet, even with minuscule revenue, the market will push up shares, because the valuation of the company was a fraction of what the market valued other companies in the vitro diagnostics space. Indeed, the stock since then moved from about $5 per share to about $9 today. This despite the fact the company raised $52.6M in June. So my original theory that shares will push higher, despite the need
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TTOO
News
- T2 Biosystems shareholders vote to convert $15M CRG debt into equity [Seeking Alpha]Seeking Alpha
- T2 Biosystems Shareholders Vote for CRG Debt Conversion into EquityGlobeNewswire
- T2 Biosystems Announces Extension of Multi-Year Capital Equipment Supplier Agreement with Vizient, Inc. [Yahoo! Finance]Yahoo! Finance
- T2 Biosystems Announces Extension of Multi-Year Capital Equipment Supplier Agreement with Vizient, Inc.GlobeNewswire
- T2 Biosystems Unveils T2Lyme Launch Plans and Provides Additional Business Updates [Yahoo! Finance]Yahoo! Finance
TTOO
Sec Filings
- 4/19/24 - Form SC
- 4/18/24 - Form 8-K
- 4/16/24 - Form 4
- TTOO's page on the SEC website