Digging Up the Facts on TrovaGene, Inc. (TROV)

TrovaGene, Inc. (TROV) is an interesting player in the Healthcare space, with a focus on Medical Laboratories & Research. The stock has been active on the tape, currently trading at $0.92, down from yesterday’s close by -48.02%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

TrovaGene, Inc. (TROV) currently trades with a market capitalization of $110.40 Million. That value represents a market adjusting for revenues that have been growing by 5.37 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$17.48 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.99 on a per share basis this quarter. Perhaps, that suggests something about why 3.44% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how TROV has been acting. Looking at the stock’s movement on the chart, TrovaGene, Inc. recorded a 52-week high of $19.56. It is now trading 18.64% off that level. The stock is trading $3.41 its 50-day moving average by 2.49%. The stock carved out a 52-week low down at $1.65.

In recent action, TrovaGene, Inc. (TROV) has made a move of -71.60% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.04, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 8.14% with $59.23 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of TROV.

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