A Director Of Tricida Inc. (TCDA) Sells 3.63 million Shares


Tricida Inc. (NASDAQ:TCDA) saw a downside of -10.00% to close Monday at $0.11 after subtracting -$0.01 on the day. The 5-day average trading volume is 30,467,541 shares of the company’s common stock. It has gained $0.1850 in the past week and touched a new high 2 times within the past 5 days. An average of 13,796,595 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 12,708,638.

TCDA’s 1-month performance is -35.17% or -$0.0424 on its low of $0.0922 reached on 01/23/23. The company’s shares have touched a 52-week low of $0.12 and high of $13.85, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, TCDA has lost -29.37% or -$0.0449 and has reached a new high 5 times. However, the current price is down -99.22% from the 52-week high price.

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Insider Transactions

TCDA stock investors last saw insider trading activity on Nov 25.ORBIMED ADVISORS LLC (Director) most recently sold 3,629,226 shares at $0.22 per share on Nov 25. This transaction cost the insider $798,430. Director, Bonita David P, sold 3,629,226 shares at a price of $0.22 on Nov 25. Then, on Nov 23, Director Alpern Robert J sold 131,879 shares at a price of $0.21 per share. This transaction amounted to $27,695.

Valuation Metrics

TCDA stock has a beta of 0.20.

Tricida Inc.’s quick ratio for the period ended September 29 was 4.90, with the current ratio over the same period at 4.90. The firm’s gross profit as reported stood at $17.6 million against revenue of $152.95 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Tricida Inc.’s cash and short-term investments amounted to $62.48 million against total debt of $208.0 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -54.04% to -$25.76 million, while revenue of -$28.54 million was -10.79% off the previous quarter. Analysts expected TCDA to announce -$0.54 per share in earnings in its latest quarter, but it posted -$0.44, representing a 18.50% surprise. EBITDA for the quarter stood at more than -$24.01 million. TCDA stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 229.98 million, with total debt at $208.0 million. Shareholders hold equity totaling $58.03 million.

Let’s look briefly at Tricida Inc. (TCDA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 23.92% to suggest the stock is trending oversold, with historical volatility in this time period at 83.15%.

The stock’s 5-day moving average is $0.1258, reflecting a -27.27% or -$0.0405 change from its current price. TCDA is currently trading -34.62% above its 20-day SMA, -99.13% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -59.29% and SMA200 by-98.87%.

Stochastic %K and %D was 4.42% and 3.48% and the average true range (ATR) pointed at 0.0296. The RSI (14) points at 24.40%, while the 14-day stochastic is at 9.47% with the period’s ATR at 0.0470. The stock’s 9-day MACD Oscillator is pointing at -0.0260 and -0.0372 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Tricida Inc. (NASDAQ: TCDA), Goldman launched coverage with a Buy rating. Analysts offering their rating for TCDA stock have a consensus rating for the stock as Underweight. Currently, 1 brokerage advisors rate TCDA as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $20.00 and a high of $20.00, with their median price target at $20.00. Looking at these predictions, the average price target given by analysts is for Tricida Inc. (TCDA) stock is $20.00.


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