Trevena Inc (NASDAQ:TRVN) has been given a consensus rating of “Buy” by the eleven ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $7.35.
A number of research analysts recently commented on the company. Barclays cut Trevena from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $15.00 to $2.50 in a research report on Monday, October 16th. Zacks Investment Research upgraded Trevena from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research report on Wednesday, October 18th. Oppenheimer restated a “buy” rating and issued a $5.00 price target on shares of Trevena in a research report on Monday, November 13th. Needham & Company LLC decreased their price target on Trevena from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Finally, HC Wainwright restated a “buy” rating and issued a $5.00 price target on shares of Trevena in a research report on Wednesday, November 8th.
Trevena (NASDAQ:TRVN) opened at $1.75 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.92 and a quick ratio of 4.92. Trevena has a 12-month low of $1.34 and a 12-month high of $7.99. The company has a market capitalization of $101.55, a price-to-earnings ratio of -1.06 and a beta of -0.51.
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Trevena Inc is a biopharmaceutical company, which is engaged in developing various therapies. The Company is developing OLINVO, a u-receptor G protein pathway selective modulator (u-GPS) for the management of moderate-to-severe acute pain where intravenous (IV) administration is preferred. It is focused on commercializing it in the United States for use in acute care settings, such as hospitals and ambulatory surgery centers.
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