TPVG Stock Summary and Trading Ideas (Triplepoint Venture Gwth | NYSE:TPVG)

TriplePoint Venture Growth BDC Corp is a closed-end, non-diversified management investment company. Its investment objective is to maximize its total return to stockholders in the form of current income and, to a lesser extent, capital appreciation. The fund focuses on companies operating in the fields of biofuels, business applications software, wireless communications equipment, e-commerce, clothing and accessories, conferencing equipment and services, personal goods, financial institutions and services, entertainment, mixed retailing, and healthcare services. Geographically, all the operations of the firm function through the region of the United states.

Triplepoint Venture Gwth trades on the NYSE stock market under the symbol TPVG.

As of January 17, 2025, TPVG stock price declined to $7.61 with 383,376 million shares trading.

TPVG has a market cap of $304.77 million. This is considered a Small Cap stock.

Last quarter Triplepoint Venture Gwth reported $27 million in Revenue and $.35 earnings per share. This beat revenue expectation by $105,000 and met earnings estimates .

In the last 3 years, TPVG traded as high as $17.98 and as low as $6.44.

The top ETF exchange traded funds that TPVG belongs to (by Net Assets): VPC.

TPVG has underperformed the market in the last year with a price return of -17.8% while the SPY ETF gained +28.0%. However, in the short term, TPVG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +16.5% vs +3.0% return in SPY. But in the last 2 weeks, TPVG shares have been beat by the market, returning -0.7% compared to an SPY return of +1.0%.

TPVG support price is $7.58 and resistance is $7.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TPVG shares will trade within this expected range on the day.