That’s due, in part, to growing interest in what some are calling a safe haven in Bitcoin and other cryptocurrencies. Whether you are looking for broader “ technology penny stocks” or something as specific as “ ai penny stocks,” the industry as a whole has gotten a bit of a boost recently amid the banking crisis. That would represent 31% to 55% growth, compared to $8.4 million in 2022. This year the company expects total sepsis and related product revenue to hit $11.0 million to $13.0 million. “We look forward to continuing this momentum to advance our three corporate priorities – accelerating our sales, enhancing our operations, and advancing our pipeline to support long-term growth.” We also advanced our product pipeline, positioning T2 Biosystems to expand our test menu in 2023,” stated John Sperzel, Chairman and CEO of T2 Biosystems. “Throughout 2022, the T2 Biosystems team generated record sepsis and related product revenue and expanded the installed base of T2Dx Instruments through record sepsis-driven instrument contracts. – The Anatomy of Penny Stocks: Understanding What Drives Value But what may have come back into focus is what was said by management in the business update portion of the results. Despite beating sales and EPS estimates, the news didn’t wow the market. So what’s happening with TTOO stock, and should it be on your watch list? The most recent headlines focused on the company’s Q4 and full-year 2022 performance. In addition, the daily trading volumes over the last two sessions are much higher than those of the last 40 days. Since then, however, it has managed to make a noticeable rebound. In fact, about a week ago, TTOO stock hit fresh 52-week lows of $0.46. ![]() Penny stocks, of course, are no strangers to bearish sentiment, and T2 Biosystems has followed that trend since the start of 2023. The last few months have been shaky ground for many companies. Once you see why they are moving and understand the latest potential catalyst, you can determine if they deserve a place on your list of penny stocks to watch this week. In this article, we look at a handful of stocks turning heads in the stock market today. ![]() Whatever the source of speculation, it tends to be a reason for day traders and even swing traders to take notice. They can also be companies that have fallen on hard times, which traders look to for potential signs of a turnaround. In most cases, the underlying companies are smaller start-ups or early-stage companies. ![]() Why do penny stocks climb when the stock market is down? The short answer is speculation is a core driver of momentum. ![]() Even if the stock market is down, there are at least a handful of companies with share prices on the rise. These penny stocks tend to move independently of broader market trends. After the latest round of February CPI data and the recent PPI report from last month, the market is weighing the potential for less aggressive hikes in 2023.īut there’s something that retail traders are focusing on that long-term investors may not necessarily be looking at daily trends in small and nano-cap stocks. Some expect this to be a pivotal decision in the fight against runaway inflation. The turbulence we’re seeing right now mostly concerns Wednesday’s FOMC meeting and the latest rate hike decision. If you’re looking for penny stocks to buy this week, there’s a lot of economic data to digest.
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