2seventy bio Inc (NASDAQ: TSVT) stock fell -18.31% on Monday to $1.74 against a previous-day closing price of $2.13. With 8.18 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.64 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $1.9000 whereas the lowest price it dropped to was $1.6500. The 52-week range on TSVT shows that it touched its highest point at $16.39 and its lowest point at $1.86 during that stretch. It currently has a 1-year price target of $9.00. Beta for the stock currently stands at 1.31.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TSVT was down-trending over the past week, with a drop of -23.01%, but this was down by -53.72% over a month. Three-month performance dropped to -68.42% while six-month performance fell -84.92%. The stock lost -89.11% in the past year, while it has lost -81.43% so far this year. A look at the trailing 12-month EPS for TSVT yields -3.91 with Next year EPS estimates of -2.13. For the next quarter, that number is -0.93. This implies an EPS growth rate of 41.28% for this year and 49.10% for next year.
Float and Shares Shorts:
At present, 50.62 million TSVT shares are outstanding with a float of 47.04 million shares on hand for trading. On Oct 30, 2023, short shares totaled 11.31 million, which was 22.40% higher than short shares on Sep 28, 2023. In addition to Mr. Nick Leschly as the firm’s President, CEO & Director, Dr. Philip D. Gregory D. Phil., DPHIL serves as its Chief Scientific Officer.
Institutional Ownership:
Through their ownership of 101.72% of TSVT’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TSVT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TSVT analysts setting a high price target of $20.00 and a low target of $2.00, the average target price over the next 12 months is $9.00. Based on these targets, TSVT could surge 1049.43% to reach the target high and rise by 14.94% to reach the target low. Reaching the average price target will result in a growth of 417.24% from current levels.
Summary of Insider Activity:
Insiders traded TSVT stock several times over the past three months with 0 Buys and 3 Sells. In these transactions, 0 shares were bought while 22,502 shares were sold. The number of buy transactions has increased to 25 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 2,076,277 while 72,573 shares were sold.
