Trinity Capital Inc (TRIN): Street Finally Waking Up

Currently, there are 46.32M common shares owned by the public and among those 46.24M shares have been available to trade.

The company’s stock has a 5-day price change of -0.13% and 0.81% over the past three months. TRIN shares are trading 2.41% year to date (YTD), with the 12-month market performance up to 10.44% higher. It has a 12-month low price of $13.10 and touched a high of $15.44 over the same period. TRIN has an average intraday trading volume of 440.14K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.14%, 0.75%, and 2.66% respectively.

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Institutional ownership of Trinity Capital Inc (NASDAQ: TRIN) shares accounts for 22.56% of the company’s 46.32M shares outstanding.

It has a market capitalization of $736.26M and a beta (3y monthly) value of 0.62. The stock’s trailing 12-month PE ratio is 9.42, while the earnings-per-share (ttm) stands at $1.58. The company has a debt-to-equity ratio at 1.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.99% over the week and 0.98% over the month.

Earnings per share for the fiscal year are expected to decrease by -3.76%, and -1.49% over the next financial year.

Looking at the support for the TRIN, a number of firms have released research notes about the stock. Compass Point stated their Buy rating for the stock in a research note on August 22, 2023, with the firm’s price target at $15.50. Keefe Bruyette coverage for the Trinity Capital Inc (TRIN) stock in a research note released on August 07, 2023 offered a Mkt Perform rating with a price target of $15. Jefferies was of a view on July 05, 2023 that the stock is Buy, while Keefe Bruyette gave the stock Underperform rating on March 13, 2023, issuing a price target of $13.50- $11. Susquehanna on their part issued Neutral rating on November 07, 2022.

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