TCDA - Watch for Continued Gains in Shares of Tricida Inc. (TCDA)
Tricida Inc. (NASDAQ:TCDA) traded at a new 52-week high today of $8.70. This new high was reached on below average trading volume as 131,000 shares traded hands, while the average 30-day volume is approximately 417,000 shares.
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.
Potential upside of 37.7% exists for Tricida Inc., based on a current level of $8.45 and analysts' average consensus price target of $11.64.
Over the past year, Tricida Inc. has traded in a range of $3.55 to $8.70 and is now at $8.45, 138% above that low.
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