Check out this: Trevena Inc. (TRVN) could be on the verge of a big rally

Trevena Inc. (NASDAQ: TRVN) is 4.21% higher on its value in year-to-date trading and has touched a low of $0.46 and a high of $3.68 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TRVN stock was last observed hovering at around $2.33 in the last trading session, with the day’s loss setting it -0.1% off its average median price target of $5.00 for the next 12 months. It is also 62.83% off the consensus price target high of $6.00 offered by 4 analysts, but current levels are 55.4% higher than the price target low of $5.00 for the same period.

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Currently trading at $2.23, the stock is -9.39% and -3.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.98 million and changing -4.29% at the moment leaves the stock 4.35% off its SMA200. TRVN registered 196.66% gain for a year compared to 6-month gain of 12.06%. The firm has a 50-day simple moving average (SMA 50) of $2.3615 and a 200-day simple moving average (SMA200) of $2.3971.

The stock witnessed a 3.24% loss in the last 1 month and extending the period to 3 months gives it a -11.16%, and is -13.23% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.63% over the week and 7.62% over the month.

Trevena Inc. (TRVN) has around 24 employees, a market worth around $342.64M and $3.00M in sales. Distance from 52-week low is 384.78% and -39.40% from its 52-week high.

Trevena Inc. (TRVN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Trevena Inc. (TRVN) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Trevena Inc. is expected to release its quarterly report on 05/06/2021 and quarterly earnings per share for the current quarter are estimated at -$0.06 with sales reaching $220k over the same period.The EPS is expected to grow by 35.20% this year, but quarterly earnings will post 10,545.20% year-over-year. Quarterly sales are estimated to grow 609.70% in year-over-year returns.

Trevena Inc. (TRVN) Top Institutional Holders

72 institutions hold shares in Trevena Inc. (TRVN), with 2.48M shares held by insiders accounting for 1.58% while institutional investors hold 11.84% of the company’s shares. The shares outstanding are 157.03M, and float is at 155.19M with Short Float at 14.17%. Institutions hold 11.65% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 6.77 million shares valued at $20.23 million. The investor’s holdings represent 4.31% of the TRVN Shares outstanding. As of Sep 29, 2020, the second largest holder is NEA Management Company, LLC with 3.81 million shares valued at $11.4 million to account for 2.43% of the shares outstanding. The other top investors are Blackrock Inc. which holds 2.63 million shares representing 1.68% and valued at over $5.63 million, while Renaissance Technologies, LLC holds 0.69% of the shares totaling 1.09 million with a market value of $2.34 million.

Trevena Inc. (TRVN) Insider Activity

A total of 10 insider transactions have happened at Trevena Inc. (TRVN) in the last six months, with sales accounting for 5 and purchases happening 5 times.

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Trevena Inc. (TRVN): Who are the competitors?

The company’s main competitors (and peers) include Arena Pharmaceuticals Inc. (ARNA) that is trading 49.27% up over the past 12 months. AcelRx Pharmaceuticals Inc. (ACRX) is 33.55% up on the 1-year trading charts. Short interest in the company’s stock has fallen -12.51% from the last report on Dec 30, 2020 to stand at a total of 24.74 million short shares sold with a short interest ratio of 6.88.

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