As of Friday close, Trinity Capital Inc.’s (NASDAQ:TRIN) stock was down -$1.17, moving down -7.65 percent to $14.12. The average number of shares traded per day over the past five days has been 836,200 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.48 fall in that time frame. In the last twenty days, the average volume was 381,005, while in the previous 50 days, it was 318,386.
Since last month, TRIN stock retreated -2.49%. Shares of the company fell to $13.70 on 07/05/23, the lowest level in the past month. A 52-week high of $15.98 was reached on 08/03/23 after having rallying from a 52-week low of $10.06. Since the beginning of this year, TRIN’s stock price has risen by 29.66% or $3.19, and marked a new high 18 times. However, the stock has declined by -11.62% since its 52-week high.
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TRIN stock investors should be aware that Trinity Capital Inc. (TRIN) stock had its last reported insider trading activity 52 days ago on Jun 14. Estes Ronald E., the Director of the company, purchased of 500 shares for $13.25 on Jun 14. It resulted in a $6,625 investment by the insider. Estes Ronald E. added 365 shares at an average price of $13.35 on Jun 13. The insider now owns 23,007 shares following the transaction. On May 11, Chairman and CEO Brown Steve Louis bought 3,700 shares at $11.55 apiece. The transaction was valued at $42,735.
Valuation Metrics
The stock’s beta is 0.65. Besides these, the trailing price-to-sales (P/S) ratio of 3.28, the price-to-book (PB) ratio of 1.05.
The latest dividend of $0.53 per share was paid out, which is 12.77% more than last year’s $0.47. On Wednesday June 14 2023, a $0.06 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.29, and the total debt-to-equity ratio was 1.29. On the profitability front, the trailing twelve-month gross margin is 75.20% percent. In the year ended June 29, operating margins totaled 48.50%. Based on annual data, TRIN earned $73.97 million in gross profit and brought in $145.5 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 6.70%. Return on equity (ROE) for the past 12 months was 0.30%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Trinity Capital Inc. to report $0.53 quarterly earnings, the actual figure was $0.61 per share, beating the consensus estimate by 15.10%. During the quarter, the company generated $35.81 million in EBITDA. The value of shareholders’ equity is $36.76 million.
Technical Picture
This quick technical analysis looks at Trinity Capital Inc.’s (TRIN) price momentum. With a historical volatility rate of 45.45%, the RSI 9-day stood at 37.92% on 04 August.
With respect to its five-day moving average, the current Trinity Capital Inc. price is down by -3.29% percent or -$0.48. At present, TRIN shares trade -2.22% below its 20-day simple moving average and +21.83% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.60% above its SMA50 and +5.93% above its SMA200.
Stochastic coefficient K was 52.95% and Stochastic coefficient D was 48.87%, while ATR was 0.44. Given the Stochastic reading of 0.79% for the 14-day period, the RSI (14) reading has been calculated as 44.49%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at 0.04.
Analyst Ratings
Jefferies launched its rating on Trinity Capital Inc. (NASDAQ: TRIN) to a Buy in a note to investors on July 05, 2023. Trinity Capital Inc. (TRIN) has been rated Overweight by analysts. According to 1 brokerage firm, TRIN is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Trinity Capital Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $15.00, the current consensus forecast for the stock is $13.00 – $17.00. Based on these forecasts, analysts predict Trinity Capital Inc. (TRIN) will achieve an average price target of $15.13.
