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The closing price of Travere Therapeutics Inc (NASDAQ: TVTX) was $17.69 for the day, up 1.43% from the previous closing price of $17.44. In other words, the price has increased by $1.43 from its previous closing price. On the day, 1.66 million shares were traded. TVTX stock price reached its highest trading level at $17.775 during the session, while it also had its lowest trading level at $17.02.
Ratios:
Our analysis of TVTX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.99 and its Current Ratio is at 3.04. In the meantime, Its Debt-to-Equity ratio is 26.62 whereas as Long-Term Debt/Eq ratio is at 26.27.
Citigroup Upgraded its Neutral to Buy on December 05, 2023, whereas the target price for the stock was revised from $7 to $10.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 04 ’24 when LYONS GARY A sold 40,000 shares for $14.73 per share. The transaction valued at 589,101 led to the insider holds 51,000 shares of the business.
GARY A LYONS bought 40,000 shares of TVTX for $546,000 on Oct 04 ’24. On Sep 30 ’24, another insider, Meckler Jeffrey A, who serves as the Director of the company, sold 40,000 shares for $14.06 each. As a result, the insider received 562,324 and left with 81,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TVTX now has a Market Capitalization of 1353134720 and an Enterprise Value of 1430964352. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.62 while its Price-to-Book (P/B) ratio in mrq is 89.29. Its current Enterprise Value per Revenue stands at 8.055 whereas that against EBITDA is -5.202.
Stock Price History:
Over the past 52 weeks, TVTX has reached a high of $18.60, while it has fallen to a 52-week low of $5.12. The 50-Day Moving Average of the stock is 45.95%, while the 200-Day Moving Average is calculated to be 97.85%.
Shares Statistics:
TVTX traded an average of 1.75M shares per day over the past three months and 3117880 shares per day over the past ten days. A total of 75.37M shares are outstanding, with a floating share count of 75.34M. Insiders hold about 1.51% of the company’s shares, while institutions hold 117.50% stake in the company. Shares short for TVTX as of 1727654400 were 6962090 with a Short Ratio of 3.98, compared to 1724976000 on 9253644. Therefore, it implies a Short% of Shares Outstanding of 6962090 and a Short% of Float of 10.24.