Trevena, Inc. (NASDAQ:TRVN) has a beta value of 3.03 and has seen 4,190,250 shares traded in the recent trading session. The company, currently valued at $269.84 Million, closed the recent trade at $2.03 per share which meant it lost -$0.05 on the day or -2.43% during that session. The TRVN stock price is -81.28% off its 52-week high price of $3.68 and 77.34% above the 52-week low of $0.46. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.01 Million shares traded. The 3-month trading volume is 10.15 Million shares.
The consensus among analysts is that Trevena, Inc. (TRVN) is a Buy stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 4 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.04.
Trevena, Inc. (NASDAQ:TRVN) trade information
Despite being -2.43% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Sep 14 when the TRVN stock price touched $2.25-9 or saw a rise of 9.56%. Year-to-date, Trevena, Inc. shares have moved 142%, while the 5-day performance has seen it change 23.33%. Over the past 30 days, the shares of Trevena, Inc. (NASDAQ:TRVN) have changed -12.66%. Short interest in the company has seen 13.62 Million shares shorted with days to cover at 1.34.
Wall Street analysts have a consensus price target for the stock at $5.25, which means that the shares’ value could jump 158.62% from current levels. The projected low price target is $5 while the price target rests at a high of $6. In that case, then, we find that the current price level is +195.57% off the targeted high while a plunge would see the stock lose 146.31% from current levels.
Trevena, Inc. (TRVN) estimates and forecasts
Figures show that Trevena, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +246.67% over the past 6 months, with this year growth rate of -18.52%, compared to 13.7% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 55.6% and 14.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +5545.2%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +33.1% over the past 5 years. Earnings growth for 2020 is a modest +35.2%.
Trevena, Inc. (NASDAQ:TRVN)’s Major holders
Insiders own 3.06% of the company shares, while shares held by institutions stand at 20.53% with a share float percentage of 21.17%. Investors are also buoyed by the number of investors in a company, with Trevena, Inc. having a total of 63 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 4.23 Million shares worth more than $6.35 Million. As of June 29, 2020, Vanguard Group, Inc. (The) held 3.22% of shares outstanding.
The other major institutional holder is NEA Management Company, LLC, with the holding of over 3.81 Million shares as of June 29, 2020. The firm’s total holdings are worth over $5.72 Million and represent 2.9% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of June 29, 2020, the former fund manager holds about 2.02% shares in the company for having 2656331 shares of worth $3.98 Million while later fund manager owns 1.25 Million shares of worth $1.87 Million as of June 29, 2020, which makes it owner of about 0.95% of company’s outstanding stock.