Tricida Inc. [NASDAQ: TCDA] jumped around 1.26 points on Friday, while shares priced at $5.63 at the close of the session, up 28.83%. The company report on October 31, 2020 that SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Tricida, Inc. – TCDA.
Pomerantz LLP is investigating claims on behalf of investors of Tricida, Inc. (“Tricida” or the “Company”) (NASDAQ: TCDA). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 7980.
The investigation concerns whether Tricida and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
Tricida Inc. stock is now -85.08% down from its year-to-date (YTD) trading value. TCDA Stock saw the intraday high of $5.95 and lowest of $4.10 per share. The company’s 52-week high price is 44.30, which means current price is +50.53% above from all time high which was touched on 02/05/20.
Compared to the average trading volume of 994.92K shares, TCDA reached a trading volume of 10451593 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Tricida Inc. [TCDA]?
JP Morgan have made an estimate for Tricida Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on September 29, 2020. While these analysts kept the previous recommendation, Goldman dropped their target price from $25 to $10. The new note on the price target was released on August 25, 2020, representing the official price target for Tricida Inc. stock. Previously, the target price had yet another raise to $48, while Goldman analysts kept a Buy rating on TCDA stock.
The Average True Range (ATR) for Tricida Inc. is set at 0.89 The Price to Book ratio for the last quarter was 1.22, with the Price to Cash per share for the same quarter was set at 9.97.
How has TCDA stock performed recently?
Tricida Inc. [TCDA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -35.66. With this latest performance, TCDA shares dropped by -37.31% in over the last four-week period, additionally sinking by -81.08% over the last 6 months – not to mention a drop of -84.95% 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 TCDA stock in for the last two-week period is set at 29.30, with the RSI for the last a single of trading hit 28.55, and the three-weeks RSI is set at 29.72 for Tricida Inc. [TCDA]. The present Moving Average for the last 50 days of trading for this stock 9.79, while it was recorded at 6.90 for the last single week of trading, and 22.17 for the last 200 days.
Tricida Inc. [TCDA]: Deeper insight into the fundamentals
Return on Total Capital for TCDA is now -63.33, given the latest momentum, and Return on Invested Capital for the company is -62.74. Return on Equity for this stock declined to -77.14, with Return on Assets sitting at -57.07. When it comes to the capital structure of this company, Tricida Inc. [TCDA] has a Total Debt to Total Equity ratio set at 25.86. Additionally, TCDA Total Debt to Total Capital is recorded at 20.54, with Total Debt to Total Assets ending up at 18.35. Long-Term Debt to Equity for the company is recorded at 25.45, with the Long-Term Debt to Total Capital now at 20.22.
Reflecting on the efficiency of the workforce at the company, Tricida Inc. [TCDA] managed to generate an average of -$1,485,824 per employee.Tricida Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 11.50 and a Current Ratio set at 11.50.
Earnings analysis for Tricida Inc. [TCDA]
With the latest financial reports released by the company, Tricida Inc. posted -0.89/share EPS, while the average EPS was predicted by analysts to be reported at -0.89/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TCDA.
Insider trade positions for Tricida Inc. [TCDA]
There are presently around $230 million, in the hands of institutional investors. The top three institutional holders of TCDA stocks are: ORBIMED ADVISORS LLC with ownership of 9,614,280, which is approximately 0% of the company’s market cap and around 2.20% of the total institutional ownership; WELLINGTON MANAGEMENT GROUP LLP, holding 4,808,703 shares of the stock with an approximate value of $27.07 million in TCDA stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $20.86 million in TCDA stock with ownership of nearly 6.157% of the company’s market capitalization.
Positions in Tricida Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 82 institutional holders increased their position in Tricida Inc. [NASDAQ:TCDA] by around 6,081,132 shares. Additionally, 35 investors decreased positions by around 4,436,153 shares, while 9 investors held positions by with 30,381,921 shares. The mentioned changes placed institutional holdings at 40,899,206 shares, according to the latest SEC report filing. TCDA stock had 31 new institutional investments in for a total of 1,111,439 shares, while 11 institutional investors sold positions of 591,199 shares during the same period.