Compass Point has recently raised Trinity Capital Inc (TRIN) stock to Buy rating, as announced on August 22, 2023, according to Finviz. Earlier, on August 7, 2023, Keefe Bruyette had raised the stock from a Underperform to Mkt Perform, setting a price target of $15. Jefferies also initiated Buy rating with a price target of $15. Additionally, Keefe Bruyette reduced Underperform rating on March 13, 2023, with a target price of $11. Susquehanna analysts, in their report published on November 7, 2022, also reduced Neutral rating and set a price target of $30 for Trinity Capital Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Trinity Capital Inc (TRIN) Stock Trading Recap
On Monday, Trinity Capital Inc (TRIN) stock saw a decline, ending the day at $13.57 which represents a decrease of $-0.36 or -2.58% from the prior close of $13.93. The stock opened at $13.55 and touched a low of $13.38 during the day, reaching a high of $13.6. The volume of shares traded was 1.01 million exceeding the average volume of 0.49 million.
TRIN Stock Performance and Moving Averages
In recent trading, Trinity Capital Inc (TRIN) stock price has shown some volatility, fluctuating -4.10% over the last five trades and -3.28% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -6.35%, and it has plunged by -3.42% in the previous three months. Currently, TRIN is trading at -2.85%, -4.05%, and -6.25% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, TRIN, a Financial sector stock, is trading -12.11% below its 52-week high but remains 2.73% above its 52-week low. The Average True Range (ATR) (14 days) of 0.2 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Trinity Capital Inc’s Profitability and Valuation Ratios
Trinity Capital Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 65.82% and a profit margin of 41.35%, with a gross margin of -6.35%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Trinity Capital Inc’s market capitalization stands at $724.23 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 8.26, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 6.55. Additionally, the Price-to-Sales Ratio is 3.75, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.03, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 5.93% of Trinity Capital Inc (TRIN)’s shares, while financial institutions hold 21.75%.
