In last trading session, Tricida Inc. (NASDAQ:TCDA) saw 28.99 million shares changing hands with its beta currently measuring 0.14. Company’s recent per share price level of $0.19 trading at -$0.02 or -7.08% at ring of the bell on the day assigns it a market valuation of $11.49M. That closing price of TCDA’s stock is at a discount of -7189.47% from its 52-week high price of $13.85 and is indicating a discount of -10.53% from its 52-week low price of $0.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.33 million shares which gives us an average trading volume of 7.57 million if we extend that period to 3-months.
For Tricida Inc. (TCDA), analysts’ consensus is at an average recommendation of an Underweight while assigning it a mean rating of 3.30. Splitting up the data highlights that, out of 3 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.54 in the current quarter.
Tricida Inc. (NASDAQ:TCDA) trade information
Upright in the red during last session for losing -7.08%, in the last five days TCDA remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $0.19 price level, adding 30.28% to its value on the day. Tricida Inc.’s shares saw a change of -97.98% in year-to-date performance and have moved -23.05% in past 5-day. Tricida Inc. (NASDAQ:TCDA) showed a performance of -65.05% in past 30-days. Number of shares sold short was 9.37 million shares which calculate 7.53 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $20.00 to the stock, which implies a rise of 99.05% to its current value. Analysts have been projecting $20.00 as a low price target for the stock while placing it at a high target of $20.00. It follows that stock’s current price would drop -10426.32% in reaching the projected high whereas dropping to the targeted low would mean a loss of -10426.32% for stock’s current value.
Tricida Inc. (TCDA) estimates and forecasts
Statistics highlight that Tricida Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -97.77% of value to its shares in past 6 months, showing an annual growth rate of 39.24% while that of industry is 11.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 31.60% in the current quarter and calculating 42.40% increase in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -37.00% during past 5 years.
Tricida Inc. is more likely to be releasing its next quarterly report between November 07 and November 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Tricida Inc. (NASDAQ:TCDA)’s Major holders
Insiders are in possession of 8.35% of company’s total shares while institution are holding 100.45 percent of that, with stock having share float percentage of 109.60%. Investors also watch the number of corporate investors in a company very closely, which is 100.45% institutions for Tricida Inc. that are currently holding shares of the company. Orbimed Advisors LLC. is the top institutional holder at TCDA for having 10.28 million shares of worth $99.52 million. And as of Jun 29, 2022, it was holding 18.47% of the company’s outstanding shares.
The second largest institutional holder is VR Adviser, LLC, which was holding about 7.13 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 12.81% of outstanding shares, having a total worth of $69.04 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 0.95 million shares of worth $9.22 million or 1.71% of the total outstanding shares. The later fund manager was in possession of 0.72 million shares on Sep 29, 2022, making its stake of worth around $7.5 million in the company or a holder of 1.29% of company’s stock.