During the last session, Trevena Inc. (NASDAQ:TRVN)’s traded shares were 1.7 million, with the beta value of the company hitting 2.44. At the end of the trading day, the stock’s price was $1.98, reflecting an intraday loss of 0.00% or $0.0. The 52-week high for the TRVN share is $3.68, that puts it down -85.86 from that peak though still a striking 37.37% gain since the share price plummeted to a 52-week low of $1.24. The company’s market capitalization is $323.95M, and the average intraday trading volume over the past 10 days was 1.94 million shares, and the average trade volume was 3.11 million shares over the past three months.
Trevena Inc. (TRVN) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. TRVN has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.07.
Trevena Inc. (NASDAQ:TRVN) trade information
Trevena Inc. (TRVN) registered a 0.00% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet 0.00% in intraday trading to $1.98 this Wednesday, 06/09/21, hitting a weekly high. The stock’s 5-day price performance is 5.88%, and it has moved by 30.26% in 30 days. Based on these gigs, the overall price performance for the year is 43.48%. The short interest in Trevena Inc. (NASDAQ:TRVN) is 20.12 million shares and it means that shorts have 7.24 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.25, which implies an increase of 62.29% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.00 and $6.00 respectively. As a result, TRVN is trading at a discount of -203.03% off the target high and -152.53% off the low.
Trevena Inc. (TRVN) estimates and forecasts
Statistics show that Trevena Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Trevena Inc. (TRVN) shares have gone down -12.78% during the last six months, with a year-to-date growth rate less than the industry average at -26.09% against 9.00. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -16.70% this quarter and then drop -75.00% in the quarter after that. In the rating firms’ projections, revenue will increase 185.40% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.28 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $2.77 million by the end of Sep 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 27.60%. While earnings are projected to return 15.20% in 2021.
Trevena Inc. is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Trevena Inc. (NASDAQ:TRVN)’s Major holders
Trevena Inc. insiders own 1.25% of total outstanding shares while institutional holders control 14.19%, with the float percentage being 14.37%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 85 institutions own stock in it. As of Dec 30, 2020, the company held over 7.08 million shares (or 4.39% of all shares), a total value of $15.15 million in shares.
The next largest institutional holding, with 3.81 million shares, is of NEA Management Company, LLC’s that is approximately 2.36% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $8.16 million.
Also, the Mutual Funds coming in first place with the largest holdings of Trevena Inc. (TRVN) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Dec 30, 2020 indicates that Vanguard Total Stock Market Index Fund owns about 4.43 million shares. This amounts to just over 2.75 percent of the company’s overall shares, with a $9.48 million market value. The same data shows that the other fund manager holds slightly less at 2.32 million, or about 1.44% of the stock, which is worth about $4.97 million.