Trinity Biotech Plc ADR [NASDAQ: TRIB] stock went on an upward path that rose over 35.66% on Wednesday, amounting to a one-week price increase of more than 43.90%. The company report on January 31, 2024 at 7:05 AM that Trinity Biotech Announces Q3 2023 Financial Results & Business Update.
-Investor call to be held today at 8:30 am EST.
Over the last 12 months, TRIB stock dropped by -46.84%. The one-year Trinity Biotech Plc ADR stock forecast points to a potential upside of 85.25. The average equity rating for TRIB stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $22.54 million, with 38.11 million shares outstanding and 35.71 million shares in the current float. Compared to the average trading volume of 49.36K shares, TRIB stock reached a trading volume of 22590406 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Trinity Biotech Plc ADR [TRIB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TRIB shares is $4.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TRIB stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Craig Hallum have made an estimate for Trinity Biotech Plc ADR shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 23, 2015.
The Average True Range (ATR) for Trinity Biotech Plc ADR is set at 0.06, with the Price to Sales ratio for TRIB stock in the period of the last 12 months amounting to 0.37.
TRIB Stock Performance Analysis:
Trinity Biotech Plc ADR [TRIB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 43.90. With this latest performance, TRIB shares gained by 37.53% in over the last four-week period, additionally sinking by -37.90% over the last 6 months – not to mention a drop of -46.84% 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 TRIB stock in for the last two-week period is set at 66.86, with the RSI for the last a single of trading hit 74.13, and the three-weeks RSI is set at 62.06 for Trinity Biotech Plc ADR [TRIB]. The present Moving Average for the last 50 days of trading for this stock 0.4569, while it was recorded at 0.4570 for the last single week of trading, and 0.7178 for the last 200 days.
Insight into Trinity Biotech Plc ADR Fundamentals:
Trinity Biotech Plc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 3.44.
TRIB Stock EPS
With the latest financial reports released by the company, Trinity Biotech Plc ADR posted -0.23/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -475.00%. 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 TRIB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Trinity Biotech Plc ADR go to 15.00%.
Trinity Biotech Plc ADR [TRIB] Institutonal Ownership Details
The top three institutional holders of TRIB stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in TRIB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in TRIB stock with ownership which is approximately 5.8325%.
