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The closing price of Travere Therapeutics Inc (NASDAQ: TVTX) was $19.03 for the day, down -4.13% from the previous closing price of $19.85. In other words, the price has decreased by -$4.13 from its previous closing price. On the day, 1.27 million shares were traded. TVTX stock price reached its highest trading level at $20.29 during the session, while it also had its lowest trading level at $18.995.
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 1.68 and its Current Ratio is at 1.71.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on October 21, 2024, Upgraded its rating to Overweight and sets its target price to $27 from $9 previously.
Guggenheim Upgraded its Neutral to Buy on September 09, 2024, while the target price for the stock was maintained at $25.
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 1485289728 and an Enterprise Value of 1610285184. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.21. Its current Enterprise Value per Revenue stands at 7.915 whereas that against EBITDA is -6.745.
Stock Price History:
Over the past 52 weeks, TVTX has reached a high of $19.92, while it has fallen to a 52-week low of $5.12. The 50-Day Moving Average of the stock is 21.90%, while the 200-Day Moving Average is calculated to be 94.46%.
Shares Statistics:
TVTX traded an average of 1.82M shares per day over the past three months and 1662740 shares per day over the past ten days. A total of 78.05M shares are outstanding, with a floating share count of 76.87M. Insiders hold about 1.51% of the company’s shares, while institutions hold 114.42% stake in the company. Shares short for TVTX as of 1728950400 were 8107720 with a Short Ratio of 4.45, compared to 1726185600 on 8657111. Therefore, it implies a Short% of Shares Outstanding of 8107720 and a Short% of Float of 11.68.
