Trevena (NASDAQ:TRVN) Share Price Passes Below 200-Day Moving Average – What’s Next?

Trevena, Inc. (NASDAQ:TRVN) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.24 and traded as low as $1.30. Trevena shares last traded at $1.30, with a volume of 667 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Trevena in a research report on Wednesday. They set a “sell” rating on the stock.

Trevena Stock Up 1.5 %

The business’s 50-day simple moving average is $1.67 and its 200 day simple moving average is $2.24. The firm has a market capitalization of $1.14 million, a P/E ratio of -0.03 and a beta of 1.05.

Trevena Company Profile

Trevena, Inc, a biopharmaceutical company, focuses on the development and commercialization of novel medicines for patients affected by central nervous system disorders. Its lead product candidates include OLINVYK (Oliceridine) injection, a G protein biased mu-opioid receptor (MOR) ligand for the management of moderate-to-severe acute pain; TRV250, a G protein biased delta-opioid receptor agonist for the treatment of acute migraine; TRV734, a small molecule G protein biased ligand of the MOR for the treatment of moderate-to-severe acute and chronic pain; and TRV045, a novel S1P modulator for managing chronic pain.