2seventy bio Inc (NASDAQ:TSVT) price on Friday, July 12, rose 6.99% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.44.
A look at the stock’s price movement, the close in the last trading session was $4.15. Turning to its 52-week performance, $11.29 and $1.53 were the 52-week high and 52-week low respectively. Overall, TSVT moved 12.98% over the past month.
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2seventy bio Inc’s market cap currently stands at around $228.26 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TSVT is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
TSVT’s current price about 13.32% and 4.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.91, while 7-day volatility ratio is 9.64% and 7.14% in the 30-day chart. Further, 2seventy bio Inc (TSVT) has a beta value of 1.78, and an average true range (ATR) of 0.31.
If we refocus on 2seventy bio Inc (NASDAQ:TSVT), historical trading data shows that trading volumes averaged 592.61K over the past 3 months. The company’s latest data on shares outstanding shows there are 50.63 million shares.
The 6.41% of 2seventy bio Inc’s shares are in the hands of company insiders while institutional holders own 91.01% of the company’s shares. Current price change has pushed the stock 3.98% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TSVT stock continues to rise going into the next quarter.
