Trevena Inc (NASDAQ:TRVN) price on Thursday, March 28, rose 0.31% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.46.
A look at the stock’s price movement, the close in the last trading session was $0.46. The beta value (5-Year monthly) was 1.12. Turning to its 52-week performance, $3.28 and $0.41 were the 52-week high and 52-week low respectively. Overall, TRVN moved -19.30% over the past month.
Trevena Inc’s market cap currently stands at around $8.43 million, with investors looking forward to this quarter’s earnings report slated for May 13, 2024 – May 17, 2024. Analysts project the company’s earnings per share (EPS) to be -$0.38, which has seen fiscal year 2023 EPS growth forecast to increase to -$2.45 and about -$1.3 for fiscal year 2024. Per the data, EPS growth is expected to be 67.70% for 2024 and 46.90% for the next financial year.
Analysts have a consensus estimate of $140k for the company’s revenue for the quarter, with a low and high estimate of $90k and $200k respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2023 to grow to $3.35 million, representing a 701.40% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that TRVN is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
TRVN’s current price about -14.35% and -21.09% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.68, while 7-day volatility ratio is 12.01% and 7.34% in the 30-day chart. Further, Trevena Inc (TRVN) has a beta value of 1.09, and an average true range (ATR) of 0.04.
If we refocus on Trevena Inc (NASDAQ:TRVN), historical trading data shows that trading volumes averaged 0.15 million over the past 10 days and 110.95K over the past 3 months. The company’s latest data on shares outstanding shows there are 18.32 million shares.
The 2.41% of Trevena Inc’s shares are in the hands of company insiders while institutional holders own 7.97% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 73000.0 on Mar 15, 2024, giving us a short ratio of 0.5. The data shows that as of Mar 15, 2024 short interest in Trevena Inc (TRVN) stood at 0.40% of shares outstanding, with shares short rising to 37550.0 registered in Feb 15, 2024. Current price change has pushed the stock -36.30% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TRVN stock continues to rise going into the next quarter.
