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Trinity Biotech Announces It Has Begun Shipments of Its New HIV Screening Test, TrinScreen HIV to Kenya
TRIB - Double Bottom - 510K Clearance from USFDA
TRIB any idea, how WHO can explode stock?
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just bought TRIB for fun, but most of the things seems a bit dead today
TRIB fell for the ol’ “buy the rumor, sell the news”.
Could probably make some money on TRIB
https://www.stocktitan.net/news/TRIB/trinity-biotech-awarded-a-major-order-for-9-million-trin-screen-hiv-k5mfskafcnme.html
TRIB is my buy for the day. Worth the reading into
which one are we holding AH?, TRIB or THAR
Hey guys. It’s been a minute since I’ve been here. But TRIB. Do your research and I don’t have the time to explain but I firmly believe this will touch 1.50 in order to cause a spark. Rose from 99 cents to $3+ yesterday and settled around 1.60. I started a small position at 1.60 to track easier but I have a limit order once it falls below 1.51 if it goes back to 1.51 it will buy my shares at a max price of 1.52. I also have a limit entry at 1.48 to catch the 1.47 FVG in my opinion. Do not enter blindly if you are new. Reach out to me for RSI, MACD, FVG (fair value gaps) news, market health. Manipulation. I’m learning as well but I’m almost a year in…reach out to me for tips if needed:) Anyway! Keep eyes on this ticker. My limit at 1.48 I will be watching intensely to make sure it’s not a breakdown. 1.50 seems to be the support wall. A very strong one as well. Hmu if you have questions or would like a reasonable discussion on different thoughts.
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$TRIB will dump below $2.5
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Some good health sector ones are DMAC OSUR and TRIB. Gained a good bit on them and will keep holding. Will also buy PDLB because I like the name.
SIGA, TRIB, AGRI..i couldn’t be any more bullish on these. vaccine, hiv testing, wheat.🔝
Positions: $TRIB and $VERB and I am we todd did
Went all in on TRIB weeks ago, best bet I’ve ever placed is not one that makes money but one that just doesn’t hemorrhage like everything else
> My thesis is biotech is out of favour right now and interest lies elsewhere and I find now might be a good time to scale in. I totally agree, that's why my portfolio is down the past few months! 🤣🤣🤣 The thing about biotech is that most of the opportunity is in microcaps, and they might go down a lot before they go up. If you use stop-loss, almost anything you buy will hit the stop-loss before it ever pops because of the volatility. So it is really high risk; you either risk having everything hit stop-loss, or you risk losing your investment as your bag slowly dwindles. Contrarians only! But if you have the stomach for it, many of them will eventually have large upward movements above wherever they were trading sideways. I just bought some TRIB because their books are so good. They're significantly down so far, but I don't even mind.
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Any COVID testing plays besides TRIB?
TRIB to BNGO to NOVN to BlackBerry something along those lines I was on fire haha
SEAC and TRIB. Cleaned up yesterday, 50+%. Expecting close to the same with SEAC today.
I've had some bangers in biopharma (thanks TRIB) and they usually still pay off long term even if they don't blow up, but I still agree with the sentiment. Feels bad getting short term gains tax for small gains though
This is my DD below. Trinity Biotech ($TRIB) develop and manufacture testing kits. They have recently developed COVID-19 tests and transport tubes. These COVID products drove 45% growth in revenues last quarter (3Q20). They are also extremely margin accretive, driving a 2,800bp gross margin improvement in the 3rd quarter. EPS increased 714%. This is only the beginning and they have been getting approval from US & Europe for more COVID products. More details below. Stock is 950% since March 2020. There is much more upside as they grow the COVID business and the stock only trades on 2x P/E currently. Renaissance Tech just announced they took a 9% stake… Write up below is VERY bearish, but shows that downside seems VERY limited. With re-rating and some decent quarters this could be worth $20+. Trinity Biotech (TRIB) develop and manufacture diagnostic testing kits in point-of-care and clinical laboratory settings. Trinity is headquartered in Bray, Ireland with 7 manufacturing facilities across the US, Canada and Ireland producing products that sell in over 110 countries. TRIB shares are listed on the NASDAQ with a market cap of USD ~$120m. Trinity was co-founded in 1992 by the current CEO and Chairman, Ronan O’Caoimh who is also the largest shareholder with ~17% ownership. The tests produced by Trinity cover a range of diseases, primarily; HIV, diabetes, autoimmune and haemoglobin disorders. Trinity has also recently developed tests and transport tubes for the SARS-CoV-2 virus (i.e. Covid-19). Sales of these COVID-19 products drove 45% growth in clinical laboratory revenues last quarter (ending 30th September 2020). They are also extremely margin accretive, driving a 2,800bp gross margin improvement in the 3rd quarter. As a result, EPS increased 714% q/q despite tests for Diabetes, Autoimmunity and HIV being adversely affected by the COVID-19 pandemic. They have 3 COVID-related products: Viral Transport Media (Flextrans™): FDA, EU & Canada approved conical centrifuge tube allowing collection, transport and processing of Covid-19 specimen samples for processing PCR testing. Demand has been extremely strong and manufacturing capacity scaled up. ELISA Antibody Test: Determines if an individual has been exposed to COVID-19 with high accuracy rate (specificity of 100%, sensitivity of 96%). It is awaiting approval by the FDA for Emergency Use Authorisation, although US sales have already commenced. CE Mark obtained in January 2021 allowing sales in the European Union. These are expected to add $3 - $4m of incremental revenue per year. Rapid Antibody Test: Point-of-Care Covid-19 test to detect antibodies to the virus that can be run in 12 minutes using a drop of blood procured by finger prick. Development is expected to be complete by Q1, 2021. In Q3 they generated $13m from sales of COVID-related products, the largest contributor of which was their Flextrans™ Viral Transport Media. This should continue to grow modestly throughout early 2021 as manufacturing capacity has been increased. Management also expect $3-4m of additional annual revenues from their ELISA antibody tests. On this basis, consensus estimates are far too low: Q3 2020 (actual) Q4 2020 Q1 2021 Q2 2021 Q3 2021 Annualised EPS Consensus EPS $0.32 $0.14 $0.07 $0.08 $0.09 $0.38 My EPS Estimates -- $0.37 $0.39 $0.39 $0.26 $1.41 Sales of COVID-19 related products can grow 10-15% in 4Q20 (i.e. from $13m to $14-15m); driven by additional Flextrans™ sales and ~$1m in quarterly revenues from ELISA tests (where sales only commenced halfway through the prior quarter). This should translate into 4Q20 EPS of about $0.36. COVID-related sales should continue to grow throughout 2021 given that the pandemic remains prevalent, yet even if COVID-related sales decline rapidly after in 2H21, NTM EPS should easily be able to reach $1. Yet TRIB shares currently trade at ~$6.00, implying just ~6x PE. They report Q4 earnings on Wednesday, 10th February 2021. If they are able to demonstrate earnings growth, positive earnings estimate revisions and a re-rating are likely to follow.
I’d have to look into it. As a beginner I’d recommend you tread lightly. Don’t invest anything you will regret losing. Nothing you need anytime soon. Definitely continue researching before you make any decisions. You have all day monday as market is closed. From first glance - it’s like $6.44 a share. It looks like there’s been a decent run up in the past few days/weeks. Maybe look for a dip and get in if you want. Your decision. I honestly have no idea about this company as of right now. Search Reddit for “TRIB stock” and look for DD. Hopefully some other redditors can shine some light on other points. Some of these biotech companies can be extremely volatile. And you never know. Most require fda approval so they are hit or miss. This is not financial or investment advice. I have absolutely no idea what I’m talking about - I’m only in 3rd grade!! Best of luck to you.