How to buy Trine Acquisition (TRNE) stock

Trine Acquisition Corp is a shell companies business based in the US. Trine Acquisition shares (TRNE) are listed on the NYSE and all prices are listed in US Dollars.

Trine Acquisition stock price (NYSE: TRNE)

Use our graph to track the performance of TRNE stocks over time.

Trine Acquisition shares at a glance

• Key figures

Information last updated 2021-02-07.

52-week range	$10.08 - $25.42
50-day moving average	$15.26
200-day moving average	$11.19
Wall St. target price	N/A
PE ratio	135.7534
Dividend yield	N/A (0%)
Earnings per share (TTM)	$0.07

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Is it a good time to buy Trine Acquisition stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Trine Acquisition Corp by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Trine Acquisition under- or over-valued?

Valuing Trine Acquisition stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Trine Acquisition's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Trine Acquisition's P/E ratio

Trine Acquisition's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 136x. In other words, Trine Acquisition shares trade at around 136x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Trine Acquisition financials

Gross profit TTM	$0
Return on assets TTM	-0.76%
Return on equity TTM	0%
Profit margin	0%
Book value	$0.53
Market capitalisation	$929.3 million

TTM: trailing 12 months

Shorting Trine Acquisition shares

There are currently 1.3 million Trine Acquisition shares held short by investors – that's known as Trine Acquisition's "short interest". This figure is 2.9% up from 1.3 million last month.

There are a few different ways that this level of interest in shorting Trine Acquisition shares can be evaluated.

Trine Acquisition's "short interest ratio" (SIR)

Trine Acquisition's "short interest ratio" (SIR) is the quantity of Trine Acquisition shares currently shorted divided by the average quantity of Trine Acquisition shares traded daily (recently around 1.2 million). Trine Acquisition's SIR currently stands at 1.1. In other words for every 100,000 Trine Acquisition shares traded daily on the market, roughly 1100 shares are currently held short.

However Trine Acquisition's short interest can also be evaluated against the total number of Trine Acquisition shares, or, against the total number of tradable Trine Acquisition shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Trine Acquisition's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Trine Acquisition shares in existence, roughly 40 shares are currently held short) or 0.0442% of the tradable shares (for every 100,000 tradable Trine Acquisition shares, roughly 44 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Trine Acquisition.

Find out more about how you can short Trine Acquisition stock.

Trine Acquisition share dividends

We're not expecting Trine Acquisition to pay a dividend over the next 12 months.

Trine Acquisition overview

Trine Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company was founded in 2018 and is based in New York, New York. .

Frequently asked questions

What percentage of Trine Acquisition is owned by institutions?
Currently 59.576% of Trine Acquisition shares are held by institutions. When does the fiscal year end for Trine Acquisition?
Trine Acquisition's fiscal year ends in December. Where is Trine Acquisition based?
Trine Acquisition's address is: 405 Lexington Avenue, New York, NY, United States, 10174 What is Trine Acquisition's ISIN number?
Trine Acquisition's international securities identification number is: US89628U1088 What is Trine Acquisition's CUSIP number?
Trine Acquisition's Committee on Uniform Securities Identification Procedures number is: 89628U108