In today’s recent session, 2,448,742 shares of the Trevena, Inc.(NASDAQ:TRVN) have been traded, and its beta is 2.49. Most recently the company’s share price was $2.3, and it changed around -$0.03 or -0.01% from the last close, which brings the market valuation of the company to $357.24 Million. TRVN at last check was trading at a discount to its 52-week high of $3.68, offering almost -60% off that amount. The share price’s 52-week low was $0.46, which indicates that the recent value has risen by an impressive 80% since then. We note from Trevena, Inc.’s average daily trading volume that its 10-day average is 3.68 Million shares, with the 3-month average coming to 3.58 Million.
Trevena, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.7. If we narrow it down even further, the data shows that none out of 4 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended TRVN as a Hold, whereas 4 deemed it a Buy, and no one rated it as Underweight. Trevena, Inc. is expected to report earnings per share of -$0.06 for the current quarter.
Trevena, Inc. (NASDAQ:TRVN): Trading Information Today
Although TRVN has been showing red trend so far today with a performance of -1.29% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $2.53- on Tuesday, Feb 16 increased the stock’s daily price by 9.52%. The company’s shares are currently up 0.07% year-to-date, but still down -0.1093 over the last five days. On the other hand, Trevena, Inc. (NASDAQ:TRVN) is 0.04% up in the 30-day period. We can see from the shorts that 21.99 Million shares have been sold at a short interest cover period of 6.14 day(s).
The consensus price target as assigned by Wall Street analysts is $5.25, which translates to bears needing to increase their stock price by 128.26% from its current value. Analyst projections state that TRVN is forecast to be at a low of $5 and a high of $6. In order for the stock price to hit the forecast high, the stock would need to surge +160.87% from its current level, while the stock would need to crash 117.39% from its current level to reach the projected low.
Trevena, Inc. (TRVN) projections and forecasts
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $220Million in revenue for the current quarter. 2 analysts expect Trevena, Inc. to make $1.33 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarter a year ago was $31Million. Analysts predict that the company’s current quarter sales will jump, forecast at 609.7%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 33.1%. Trevena, Inc. earnings are expected to increase by 35.2% in 2021, but the outlook is negative 0% per year for the next five years.
Trevena, Inc. (NASDAQ:TRVN)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 1.58% of Trevena, Inc. shares, and 11.65% of them are in the hands of institutional investors. The stock currently has a share float of 11.84%. Trevena, Inc. stock is held by 72 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Sep 29, 2020, it held 4.31% of the shares, which is about 6.77 Million shares worth $20.23 Million.
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NEA Management Company, LLC, with 2.43% or 3.81 Million shares worth $11.4 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.