Trevena Inc (NASDAQ:TRVN) finished Thursday with a subtraction of -$0.06 to close at $0.62, a downside of -8.80 percent. An average of 2,552,180 shares of common stock have been traded in the last five days. There was a fall of -$0.0399 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 2,336,360 shares traded, while the 50-day average volume stands at 990,574.
TRVN stock has decreased by -29.13% in the last month. The company shares reached their 1-month lowest point of $0.5369 on 09/08/23. With the stock rallying to its 52-week high on 05/08/23, shares of the company touched a low of $0.54 and a high of $5.13 in 52 weeks. It has reached a new high 8 times so far this year and lost -56.64% or -$0.8099 in price. In spite of this, the price is down -87.91% from the 52-week high.
Valuation Metrics
Trevena Inc (TRVN) stock’s beta is 1.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.28, the price-to-book (PB) ratio at 0.87.
Financial Health
The quick ratio of Trevena Inc for the three months ended June 29 was 3.92, and the current ratio was 4.03, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.96 and a total debt to equity ratio of 2.05 for the quarter ending June 29. Its gross profit as reported stood at -$3.44 million compared to revenue of -$0.42 million.
Earnings Surprise
For the three-month period that ended June 29, Trevena Inc had $14.18 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$8.01 million in the quarter, while revenues of -$7.82 million were shrunk -87.02%. The analyst consensus anticipated Trevena Inc’s latest quarter earnings to come in at -$1.05 per share, but it turned out to be -$0.69, a 34.30% surprise. For the quarter, EBITDA amounted to -$6.11 million. Shareholders own equity worth $13.71 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Trevena Inc (TRVN) price momentum. RSI 9-day as of the close on 28 September was 30.70%, suggesting the stock is Neutral, with historical volatility in this time frame at 67.92%.
As of today, TRVN’s price is $0.6509 -6.05% or -$0.0399 from its 5-day moving average. TRVN is currently trading -29.45% lower than its 20-day SMA and -1.57% lower than its 100-day SMA. However, the stock’s current price level is -39.21% below the SMA50 and -71.81% below the SMA200.
The stochastic %K and %D were 31.89% and 29.12%, respectively, and the average true range (ATR) was 0.1103. With the 14-day stochastic at 16.35% and the average true range at 0.0978, the RSI (14) stands at 32.91%. The stock has reached -0.0232 on the 9-day MACD Oscillator while the 14-day reading was at -0.0381.
Analyst Ratings
Oppenheimer launched coverage on Trevena Inc (NASDAQ: TRVN) in its analyst report released on March 15, 2021. The firm assigned the stock a Perform rating. The consensus rating for Trevena Inc (TRVN) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TRVN, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is TRVN’s price target for the next 12 months?
Analysts predict a range of price targets between $4.00 and $4.00, with a median target of $4.00. Taking a look at these predictions, the average price target given by analysts for Trevena Inc (TRVN) stock is $4.00.
