Trevena (NASDAQ:TRVN) Now Covered by StockNews.com

by · The Cerbat Gem

Equities researchers at StockNews.com initiated coverage on shares of Trevena (NASDAQ:TRVN – Get Free Report) in a report issued on Sunday. The firm set a “sell” rating on the biopharmaceutical company’s stock.

Trevena Trading Down 6.0 %

Shares of Trevena stock opened at $3.74 on Friday. Trevena has a twelve month low of $3.35 and a twelve month high of $19.23. The stock has a market capitalization of $3.18 million, a P/E ratio of -1.40 and a beta of 1.03. The business’s fifty day moving average price is $3.08 and its 200 day moving average price is $1.33.

Trevena (NASDAQ:TRVN – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The biopharmaceutical company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.36. The company had revenue of $0.33 million for the quarter. As a group, sell-side analysts predict that Trevena will post -32.25 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Trevena stock. Armistice Capital LLC acquired a new position in shares of Trevena, Inc. (NASDAQ:TRVN – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 797,714 shares of the biopharmaceutical company’s stock, valued at approximately $576,000. Armistice Capital LLC owned approximately 4.61% of Trevena at the end of the most recent reporting period. 13.56% of the stock is currently owned by institutional investors.

About Trevena

(Get Free Report)

Trevena, Inc, a biopharmaceutical company, focuses on the development and commercialization of novel medicines for patients affected by central nervous system disorders. Its lead product candidates include OLINVYK (Oliceridine) injection, a G protein biased mu-opioid receptor (MOR) ligand for the management of moderate-to-severe acute pain; TRV250, a G protein biased delta-opioid receptor agonist for the treatment of acute migraine; TRV734, a small molecule G protein biased ligand of the MOR for the treatment of moderate-to-severe acute and chronic pain; and TRV045, a novel S1P modulator for managing chronic pain.

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