Telesis Bio (NASDAQ:TBIO) Shares Down 2.7% – What’s Next?

Telesis Bio, Inc. (NASDAQ:TBIO)’s stock price traded down 2.7% during mid-day trading on Tuesday . The stock traded as low as $0.70 and last traded at $0.73. 2,026 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 435,893 shares. The stock had previously closed at $0.75.

Telesis Bio Stock Performance

The stock has a market cap of $1.30 million, a P/E ratio of -0.03 and a beta of 1.58. The firm has a 50-day moving average price of $1.79 and a 200-day moving average price of $2.99.

Telesis Bio (NASDAQ:TBIO) last issued its earnings results on Thursday, November 7th. The company reported ($3.83) EPS for the quarter. The business had revenue of $1.57 million for the quarter. Telesis Bio had a negative net margin of 336.59% and a negative return on equity of 359.32%.

Telesis Bio Company Profile

Telesis Bio, Inc, a synthetic biology company, manufactures and sells synthetic biology instruments, reagents, and associated products and related services, primarily to pharmaceutical and academic laboratories worldwide. The company offers BioXp 3250 system and BioXp 9600 system that empower researchers to go from a digital DNA sequence to endpoint-ready synthetic deoxyribonucleic acid (DNA) and messenger ribonucleic acid (mRNA) with onboard next generation sequencing (NGS) library preparation; BioXp portal, an online portal that offers an intuitive guided workflow and design tools for building new DNA sequences and assembling them into vectors of choice, as well as mRNA constructs; and BioXp De Novo kits, which contains building blocks and reagents, including proprietary Gibson assembly branded reagents for specific synthetic biology workflow applications.