Trine Acquisition Corp. [NYSE: TRNE] plunged by -$0.27 during the normal trading session on Wednesday and reaching a high of $11.48 during the day while it closed the day at $10.85. The company report on October 16, 2020 that SHAREHOLDER ALERT: WeissLaw LLP Reminds GMHI, TRNE, and HCAC Shareholders About Its Ongoing Investigations.
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Trine Acquisition Corp. stock has also gained 1.59% of its value over the past 7 days. However, TRNE stock has inclined by 3.33% in the 3 months of the year. Over the past six months meanwhile, it has gained 8.61% and gained 8.72% year-on date.
The market cap for TRNE stock reached $325.66 million, with 30.02 million shares outstanding and 1.09 million shares in the current float. Compared to the average trading volume of 1.25M shares, TRNE reached a trading volume of 2096987 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Trine Acquisition Corp. [TRNE]:
The Average True Range (ATR) for Trine Acquisition Corp. is set at 0.43 The Price to Book ratio for the last quarter was 19.73.
TRNE stock trade performance evaluation
Trine Acquisition Corp. [TRNE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.59. With this latest performance, TRNE shares dropped by -4.15% in over the last four-week period, additionally plugging by 8.61% over the last 6 months – not to mention a rise of 10.04% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TRNE stock in for the last two-week period is set at 50.09, with the RSI for the last a single of trading hit 47.92, and the three-weeks RSI is set at 48.35 for Trine Acquisition Corp. [TRNE]. The present Moving Average for the last 50 days of trading for this stock 11.04, while it was recorded at 10.85 for the last single week of trading, and 10.32 for the last 200 days.
Trine Acquisition Corp. [TRNE]: An insightful look at the core fundamentals
Return on Total Capital for TRNE is now -1.15, given the latest momentum, and Return on Invested Capital for the company is 1.85. Return on Equity for this stock inclined to 1.85, with Return on Assets sitting at 1.79.
Reflecting on the efficiency of the workforce at the company, Trine Acquisition Corp. [TRNE] managed to generate an average of $682,258 per employee.
Trine Acquisition Corp. [TRNE]: Insider Ownership positions
There are presently around $274 million, or 79.62% of TRNE stock, in the hands of institutional investors. The top three institutional holders of TRNE stocks are: OMNI PARTNERS LLP with ownership of 2,388,226, which is approximately -9.206% of the company’s market cap and around 24.67% of the total institutional ownership; GLAZER CAPITAL, LLC, holding 2,179,107 shares of the stock with an approximate value of $23.64 million in TRNE stocks shares; and UBS OCONNOR LLC, currently with $21.21 million in TRNE stock with ownership of nearly -5% of the company’s market capitalization.
27 institutional holders increased their position in Trine Acquisition Corp. [NYSE:TRNE] by around 3,997,589 shares. Additionally, 17 investors decreased positions by around 3,187,620 shares, while 15 investors held positions by with 18,049,992 shares. The mentioned changes placed institutional holdings at 25,235,201 shares, according to the latest SEC report filing. TRNE stock had 13 new institutional investments in for a total of 1,863,108 shares, while 4 institutional investors sold positions of 323,266 shares during the same period.