TCDA - Shares of Tricida Inc. (TCDA) Rise to a New 52-Week High
Tricida Inc. (NASDAQ:TCDA) traded at a new 52-week high today of $10.55. So far today approximately 131,000 shares have been exchanged, as compared to an average 30-day volume of 363,000 shares.
Over the past year, Tricida Inc. has traded in a range of $3.55 to $10.55 and is now at $9.72, 174% above that low.
Potential upside of 41.5% exists for Tricida Inc., based on a current level of $9.72 and analysts' average consensus price target of $13.75.
Tricida Inc is a pharmaceutical company focused on the development and commercialization of its drug candidate, veverimer (TRC101), a non-absorbed, orally-administered polymer designed to treat metabolic acidosis by binding and removing acid from the gastrointestinal, or GI, tract. The primary area of focus is to slow the progression of chronic kidney disease through the treatment of metabolic acidosis.
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