Trevena, Inc. (NASDAQ:TRVN – Get Rating)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.74 and traded as high as $3.89. Trevena shares last traded at $3.61, with a volume of 39,712 shares changing hands.
Wall Street Analyst Weigh In
A number of research firms have commented on TRVN. StockNews.com began coverage on Trevena in a report on Wednesday. They set a “sell” rating on the stock. HC Wainwright decreased their price target on Trevena to $1.50 in a report on Monday, August 15th.
Trevena Trading Down 3.5 %
The company has a quick ratio of 4.51, a current ratio of 4.60 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $0.74 and a 200 day simple moving average of $0.45. The firm has a market capitalization of $25.08 million, a P/E ratio of -0.40 and a beta of 1.86.
Institutional Investors Weigh In On Trevena
Trevena, Inc, a biopharmaceutical company, focuses on the development and commercialization of novel medicines for patients affected by central nervous system disorders. Its lead product candidates include OLINVYK (Oliceridine) injection, a G protein biased mu-opioid receptor (MOR) ligand for the management of moderate-to-severe acute pain; TRV027 for the treatment of acute lung injury contributing to acute respiratory distress syndrome and abnormal blood clotting in patients with COVID-19; TRV250, a G protein biased delta-opioid receptor agonist for the treatment of acute migraine; TRV734, a small molecule G protein biased ligand of the MOR for the treatment of moderate-to-severe acute and chronic pain; and TRV045, a novel S1P modulator for managing chronic pain.
- Get a free copy of the StockNews.com research report on Trevena (TRVN)
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