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Trevena, Inc.
TRVN Details
Trevena, Inc. (NASDAQ: TRVN) is a biopharmaceutical company engaged in developing and commercializing novel therapies for people suffering from Central Nervous System (CNS) diseases. TRVN currently has only one approved product OLINVYK (oliceridine) injection, which is used to treat individuals with acute pain severe enough to require an intravenous opioid analgesic and for whom other therapies are ineffective. Its product pipeline also includes TRV027 for acute lung injury, TRV250 for migraines, TRV734 for chronic pain and opioid use disorder and TRV045 for epilepsy. As of October 15, 2021, the company's market capitalization stood at USD 187.54 million.
Latest News:
Q2FY21 Results:
Risks:
Outlook:
Multiple Expected Catalysts (Source: Corporate Presentation, September 2021)
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
TRVN Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
TRVN's share price has decreased 46.23% in the past nine months and is currently leaning towards the lower end of its 52-week range of USD 1.09 to USD 3.10. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 39.51. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 1.40.
Considering the correction in the stock price in the past nine months, encouraging outlook, and associated risks, we recommend a "Speculative Buy" rating on the stock at the closing price of USD 1.14, down 1.72% as of October 15, 2021.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.
* Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached.