Trinity Capital Inc [TRIN] stock prices are up 0.13% to $15.08 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TRIN shares have gain 2.17% over the last week, with a monthly amount glided 4.72%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 25, March 2024, Trinity Capital Inc. Prices Offering of $100.0 Million of 7.875% Notes due 2029. In a post published today on Yahoo Finance, Trinity Capital Inc. (“Trinity”) (NASDAQ: TRIN), an internally managed business development company, today announced that it has priced an underwritten public offering of $100.0 million in aggregate principal amount of 7.875% notes due 2029 (the “Notes”). The Notes will mature on March 30, 2029, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after March 30, 2026. In connection with the offering, Trinity has granted the underwriters a 30-day option to purchase additional Notes in an amount up to $15.0 million to cover overallotments, if any. The Notes are being issued at 100% of the principal amount per Note.
From an analyst’s perspective:
Trinity Capital Inc [NASDAQ: TRIN] stock has seen the most recent analyst activity on August 22, 2023, when Compass Point upgraded its rating to a Buy but kept the price target unchanged to $15.50 for it. Previously, Keefe Bruyette upgraded its rating to Mkt Perform on August 07, 2023, and kept the price target unchanged to $15. On July 05, 2023, Jefferies initiated with a Buy rating and assigned a price target of $15 on the stock. Keefe Bruyette downgraded its rating to a Underperform and decreased its price target to $11 on March 13, 2023. Susquehanna downgraded its rating to a Neutral but $30 remained the price target by the analyst firm on November 07, 2022. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on November 04, 2022, and downed its price target to $12.50. In a note dated October 27, 2022, Compass Point downgraded an Neutral rating on this stock and revised its target price from $18 to $12.75.
The stock price of Trinity Capital Inc [TRIN] has been fluctuating between $11.07 and $15.44 over the past year. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Trinity Capital Inc [NASDAQ: TRIN] shares were valued at $15.08 at the most recent close of the market. An investor can expect a potential return of 6.1% based on the average TRIN price forecast.
Analyzing the TRIN fundamentals
The Trinity Capital Inc [NASDAQ:TRIN] reported sales of 153.78M for trailing twelve months, representing a surge of 52.20%. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at 0.79%, Pretax Profit Margin comes in at 0.54%, and Net Profit Margin reading is 0.53%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.16 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.00 points at the first support level, and at 14.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.15, and for the 2nd resistance point, it is at 15.23.
Trinity Capital Inc [TRIN] reported earnings per share of $0.54 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.54/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.55 per share as compared to estimates of $0.55 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.55, the price to book ratio is 1.14 and price to earnings (TTM) ratio is 8.02.
Transactions by insiders
Recent insider trading involved Brown Kyle Steven, CEO, President and CIO, that happened on Mar 14 ’24 when 3354.0 shares were purchased. President and CIO, Brown Kyle Steven completed a deal on Nov 07 ’23 to buy 2786.0 shares. Meanwhile, President and CIO Brown Kyle Steven bought 3531.0 shares on Aug 04 ’23.
