What You Need To Know About Tricida Inc. (TCDA)


Tricida Inc. (NASDAQ:TCDA) finished Thursday with an addition of $0.03 to close at $0.17, an upside of 23.40 percent. An average of 5,327,360 shares of common stock have been traded in the last five days. There was a gain of $0.0083 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 6,492,235 shares traded, while the 50-day average volume stands at 14,593,288.

TCDA stock has decreased by -36.35% in the last month. The company shares reached their 1-month lowest point of $0.1300 on 12/28/22. With the stock rallying to its 52-week high on 08/24/22, shares of the company touched a low of $0.13 and a high of $13.85 in 52 weeks. It has reached a new high 11 times so far this year and lost -98.19% or -$9.3865 in price. In spite of this, the price is down -98.75% from the 52-week high.

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Insider Transactions

TCDA stock investors should be aware that Tricida Inc. (TCDA) stock had its last reported insider trading activity 35 days ago on Nov 25. In this transaction, the insider spent $798,430. Director, Bonita David P, disposed of 3,629,226 shares at a price of $0.22 on Nov 25. The insider now owns more than $798,430 worth of shares. Prior to that, Director Alpern Robert J went on to Sale 131,879 shares at $0.21 each on Nov 23. An amount of $27,695 was transacted.

Financial Health

The quick ratio of Tricida Inc. for the three months ended September 29 was 4.90, and the current ratio was 4.90, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $17.6 million compared to revenue of $152.95 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Tricida Inc.’s return on assets was -103.60%.

Earnings Surprise

For the three-month period that ended September 29, Tricida Inc. had $62.48 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$25.76 million in the quarter, while revenues of -$28.54 million were shrunk -54.04%. The analyst consensus anticipated Tricida Inc.’s latest quarter earnings to come in at -$0.54 per share, but it turned out to be -$0.44, a 18.50% surprise. For the quarter, EBITDA amounted to -$24.01 million. Shareholders own equity worth $58.03 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Tricida Inc. (TCDA) price momentum. RSI 9-day as of the close on 29 December was 36.21%, suggesting the stock is Neutral, with historical volatility in this time frame at 149.52%.

As of today, TCDA’s price is $0.1535 +5.02% or $0.0083 from its 5-day moving average. TCDA is currently trading -27.71% lower than its 20-day SMA and -98.39% lower than its 100-day SMA. However, the stock’s current price level is -98.56% below the SMA50 and -98.01% below the SMA200.

The stochastic %K and %D were 16.71% and 8.93%, respectively, and the average true range (ATR) was 0.0378. With the 14-day stochastic at 37.18% and the average true range at 0.0867, the RSI (14) stands at 25.29%. The stock has reached -0.0082 on the 9-day MACD Oscillator while the 14-day reading was at -0.0167.

Analyst Ratings

Goldman launched coverage on Tricida Inc. (NASDAQ: TCDA) in its analyst report released on April 13, 2022. The firm assigned the stock a Buy rating. The consensus rating for Tricida Inc. (TCDA) among analysts is Underweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell TCDA, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is TCDA’s price target for the next 12 months?

Analysts predict a range of price targets between $20.00 and $20.00, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for Tricida Inc. (TCDA) stock is $20.00.


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