Tricida Inc. (NASDAQ:TCDA) traded at a new 52-week high today of $10.87. This new high was reached on below average trading volume as 131,000 shares traded hands, while the average 30-day volume is approximately 336,000 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.
Tricida Inc. share prices have moved between a 52-week high of $10.87 and a 52-week low of $3.55 and are now trading 199% above that low price at $10.61 per share.
There is potential upside of 39.6% for shares of Tricida Inc. based on a current price of $10.61 and an average consensus analyst price target of $14.81.
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