Trinity Capital Inc (NASDAQ:TRIN) price on Friday, June 13, fall -0.48% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $14.45.
A look at the stock’s price movement, the close in the last trading session was $14.52. The PE ratio in trailing twelve months stood at 6.60. Turning to its 52-week performance, $16.82 and $12.50 were the 52-week high and 52-week low respectively. Overall, TRIN moved -2.10% over the past month.
Trinity Capital Inc’s market cap currently stands at around $934.20 million, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 2.04, with its dividend yield at 14.12%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
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 -0.99% and 0.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.22, while 7-day volatility ratio is 0.11% and 0.95% in the 30-day chart. Further, Trinity Capital Inc (TRIN) has a beta value of 0.61, and an average true range (ATR) of 0.24. 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 10.03% off current price level while to achieve the yearly target high, price needs to move 10.03%. Nonetheless, investors will most likely welcome a 10.03% 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 606.37K over the past 3 months. The company’s latest data on shares outstanding shows there are 63.88 million shares.
The 5.63% of Trinity Capital Inc’s shares are in the hands of company insiders while institutional holders own 26.10% of the company’s shares. Current price change has pushed the stock -0.14% 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.
