27-Mar-2024
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Telesis Bio Announces Select Preliminary Fourth Quarter 2023 Financial Results
Globe Newswire (Mon, 26-Feb 9:15 AM ET)
Telesis Bio Inc is a synthetic biology company focused on enabling researchers to rapidly, accurately, and reproducibly build or write high-quality synthetic DNA and mRNA that is ready to use in many downstream synthetic biology-enabled markets. It manufactures and sells laboratory equipment, specifically synthetic biology instruments, reagents, and associated products and related services. Its products comprise of BioXp system, BioXp kits, Benchtop reagents, Coronavirus tools, and BioXp biofoundry services.
Telesis Bio trades on the NASDAQ stock market under the symbol TBIO.
As of March 27, 2024, TBIO stock price climbed to $0.45 with 78,843 million shares trading.
TBIO has a beta of 2.79, meaning it tends to be more sensitive to market movements. TBIO has a correlation of 0.05 to the broad based SPY ETF.
TBIO has a market cap of $13.49 million. This is considered a Sub-Micro Cap stock.
Last quarter Telesis Bio reported $6 million in Revenue and -$.37 earnings per share. This fell short of revenue expectation by $-2 million and missed earnings estimates by -$.07.
The top ETF exchange traded funds that TBIO belongs to (by Net Assets): VTI, VXF, IWC.
TBIO has underperformed the market in the last year with a price return of -81.6% while the SPY ETF gained +33.9%. However, in the short term, TBIO had mixed performance relative to the market. It has outperformed in the last 3 months, returning +14.1% vs +10.3% return in SPY. But in the last 2 weeks, TBIO shares have been beat by the market, returning -17.1% compared to an SPY return of +1.5%.
TBIO support price is $.40 and resistance is $.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TBIO stock will trade within this expected range on the day.