The name Tricida Inc. (TCDA) should be kept on your radar

As of close of business last night, Tricida Inc.’s stock clocked out at 10.01, down -4.12% from its previous closing price of $10.44. In other words, the price has decreased by $-0.43 from its previous closing price. On the day, 1631289 shares were traded.

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To gain a deeper understanding of TCDA’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.10 and its Current Ratio is at 5.10.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on April 13, 2022, initiated with a Buy rating and assigned the stock a target price of $25.

On November 16, 2021, JP Morgan Upgraded its rating to Neutral which previously was Underweight but kept the price unchanged to $7.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 07 when Venrock Healthcare Capital Par bought 473,459 shares for $11.40 per share. The transaction valued at 5,397,433 led to the insider holds 8,294,663 shares of the business.

Venrock Healthcare Capital Par bought 150,223 shares of TCDA for $1,717,049 on Sep 06. The 10% Owner now owns 7,821,204 shares after completing the transaction at $11.43 per share. On Sep 02, another insider, Venrock Healthcare Capital Par, who serves as the 10% Owner of the company, bought 63,030 shares for $12.76 each. As a result, the insider paid 804,263 and bolstered with 7,670,981 shares of the company.

Stock Price History:

Over the past 52 weeks, TCDA has reached a high of $13.85, while it has fallen to a 52-week low of $4.10. The 50-Day Moving Average of the stock is 11.24, while the 200-Day Moving Average is calculated to be 9.72.

Shares Statistics:

It appears that TCDA traded 576.02K shares on average per day over the past three months and 834.41k shares per day over the past ten days. A total of 57.83M shares are outstanding, with a floating share count of 51.02M. Insiders hold about 0.20% of the company’s shares, while institutions hold 96.90% stake in the company. Shares short for TCDA as of Jul 14, 2022 were 4.38M with a Short Ratio of 9.15, compared to 4.15M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 7.90% and a Short% of Float of 14.12%.

Earnings Estimates

As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $-0.58 for the current quarter, with a high estimate of $-0.5 and a low estimate of $-0.71, while EPS last year was $-0.67. The consensus estimate for the next quarter is $-0.6, with high estimates of $-0.5 and low estimates of $-0.79.

Analysts are recommending an EPS of between $-2.19 and $-2.47 for the fiscal current year, implying an average EPS of $-2.33. EPS for the following year is $-1.81, with 3 analysts recommending between $-1.34 and $-2.19.