Trevena Inc. (TRVN): A Technical View

As of Friday close, Trevena Inc.’s (NASDAQ:TRVN) stock was down -$0.01, moving down -5.36 percent to $0.22. The average number of shares traded per day over the past five days has been 2,205,880 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0257 fall in that time frame. In the last twenty days, the average volume was 1,181,845, while in the previous 50 days, it was 2,133,336.

Since last month, TRVN stock retreated -40.31%. Shares of the company fell to $0.2030 on 08/02/22, the lowest level in the past month. A 52-week high of $1.54 was reached on 01/11/22 after having rallying from a 52-week low of $0.18. Since the beginning of this year, TRVN’s stock price has dropped by -61.82% or -$0.3601, and marked a new high 4 times. However, the stock has declined by -85.56% since its 52-week high.

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Trevena Inc. (TRVN) last reported insider trading activity 39 days ago on Jun 28. Shin Barry, the SVP, CFO of the company, disposed of 31,785 shares for $0.41 on Jun 28. It resulted in a $13,032 divestment by the insider.

Valuation Metrics

The stock’s beta is 1.84. Besides these, the trailing price-to-sales (P/S) ratio of 97.30, the price-to-book (PB) ratio of 0.74.

Financial Health

In the three months ended March 30, Trevena Inc.’s quick ratio stood at 5.80, while its current ratio was 6.10, showing that the company is able to pay off its debt. Based on annual data, TRVN earned -$0.39 million in gross profit and brought in $0.57 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -80.40%. Return on equity (ROE) for the past 12 months was -82.40%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TRVN’s revenue fell -950.0% during the quarter, while net income inched up to $20000.0. While analysts expected Trevena Inc. to report -$0.09 quarterly earnings, the actual figure was -$0.1 per share, beating the consensus estimate by -11.10%. During the quarter, the company generated -$16.36 million in EBITDA. The liabilities of Trevena Inc. were 15.02 million at the end of its most recent quarter ended March 30, and its total debt was $6.91 million. The value of shareholders’ equity is $165.52 million.

Technical Picture

This quick technical analysis looks at Trevena Inc.’s (TRVN) price momentum. With a historical volatility rate of 72.49%, the RSI 9-day stood at 22.24% on 05 August.

With respect to its five-day moving average, the current Trevena Inc. price is down by -10.36% percent or -$0.0257. At present, TRVN shares trade -41.47% below its 20-day simple moving average and -45.76% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.92% below its SMA50 and -79.96% below its SMA200.

Stochastic coefficient K was 17.13% and Stochastic coefficient D was 13.72%, while ATR was 0.0282. Given the Stochastic reading of 14.16% for the 14-day period, the RSI (14) reading has been calculated as 26.22%. As of today, the MACD Oscillator reading stands at -0.0122, while the 14-day reading stands at -0.0357.

Analyst Ratings

Oppenheimer launched its rating on Trevena Inc. (NASDAQ: TRVN) to a Perform in a note to investors on March 15, 2021. Trevena Inc. (TRVN) has been rated Overweight by analysts. According to 0 brokerage firms, TRVN is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Trevena Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $3.50, the current consensus forecast for the stock is $2.00 – $4.00. Based on these forecasts, analysts predict Trevena Inc. (TRVN) will achieve an average price target of $3.17.


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