Trevi Therapeutics, Inc. (NASDAQ:TRVI – Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock traders purchased 14,625 call options on the stock. This represents an increase of 1,853% compared to the average daily volume of 749 call options.
Trevi Therapeutics Stock Up 3.1%
NASDAQ:TRVI traded up $0.51 during trading hours on Thursday, hitting $16.88. 550,028 shares of the company’s stock traded hands, compared to its average volume of 1,437,515. The firm has a market cap of $2.40 billion, a P/E ratio of -52.50 and a beta of 1.04. Trevi Therapeutics has a 52 week low of $5.41 and a 52 week high of $17.10. The business’s fifty day simple moving average is $14.16 and its two-hundred day simple moving average is $12.56.
Trevi Therapeutics (NASDAQ:TRVI – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). On average, analysts expect that Trevi Therapeutics will post -0.47 EPS for the current year.
Institutional Investors Weigh In On Trevi Therapeutics
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. HC Wainwright restated a “buy” rating and issued a $21.00 target price on shares of Trevi Therapeutics in a report on Wednesday, May 6th. JonesTrading dropped their price target on shares of Trevi Therapeutics from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Trevi Therapeutics in a research note on Monday, April 20th. D. Boral Capital reiterated a “buy” rating and set a $19.00 price target on shares of Trevi Therapeutics in a report on Friday, April 17th. Finally, Stifel Nicolaus set a $30.00 price target on Trevi Therapeutics in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $22.90.
Check Out Our Latest Analysis on TRVI
Trevi Therapeutics Company Profile
Trevi Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on the development of novel non-opioid therapies for the management of chronic and acute pain. The company leverages proprietary drug delivery platforms and targeted molecular approaches to address high unmet needs in cancer-related pain, chemotherapy-induced neuropathy and other severe pain conditions.
Its lead product candidate is a proprietary formulation of tetrodotoxin (TTX), a sodium-channel blocking agent being evaluated in early-stage clinical trials for moderate-to-severe pain associated with advanced cancer and peripheral neuropathy.
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