Trinity Capital Inc (NASDAQ:TRIN) price on Friday, March 21, fall -0.06% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $16.14.
A look at the stock’s price movement, the close in the last trading session was $16.15, moving within a range at $16.03 and $16.19. The beta value (5-Year monthly) was 0.612 while the PE ratio in trailing twelve months stood at 7.82. Turning to its 52-week performance, $16.82 and $13.05 were the 52-week high and 52-week low respectively. Overall, TRIN moved 0.75% over the past month.
Trinity Capital Inc’s market cap currently stands at around $1.01 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25. The company has a Forward Dividend ratio of 2.04, with its dividend yield at 12.64%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 67.67M for the company’s revenue for the quarter, with a low and high estimate of 64.7M and 70.98M respectively. The average forecast suggests up to a 34.12% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 282.49M, representing a 18.85% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TRIN is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 8 recommend TRIN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TRIN’s current price about 0.61% and 3.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.20, while 7-day volatility ratio is 1.33% and 2.03% in the 30-day chart. Further, Trinity Capital Inc (TRIN) has a beta value of 0.58, and an average true range (ATR) of 0.29. Analysts have given the company’s stock an average 52-week price target of $13, forecast between a low of $13 and high of $13. Looking at the price targets, the low is 19.45% off current price level while to achieve the yearly target high, price needs to move 19.45%. Nonetheless, investors will most likely welcome a 19.45% jump to $13 which is the analysts’ median price.
If we refocus on Trinity Capital Inc (NASDAQ:TRIN), historical trading data shows that trading volumes averaged 0.49 over the past 10 days and 542.49K over the past 3 months. The company’s latest data on shares outstanding shows there are 61.67 million shares.
The 3.95% of Trinity Capital Inc’s shares are in the hands of company insiders while institutional holders own 23.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.02 million on 2025-02-28, giving us a short ratio of 1.8. The data shows that as of 2025-02-28 short interest in Trinity Capital Inc (TRIN) stood at 170.00000000000003 of shares outstanding, with shares short falling to 1.58 million registered in 2025-01-31. Current price change has pushed the stock 11.54% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TRIN stock continues to rise going into the next quarter.
