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The price of Travere Therapeutics Inc (NASDAQ: TVTX) closed at $10.29 in the last session, up 0.68% from day before closing price of $10.22. In other words, the price has increased by $0.68 from its previous closing price. On the day, 1.44 million shares were traded. TVTX stock price reached its highest trading level at $10.405 during the session, while it also had its lowest trading level at $9.97.
Ratios:
We take a closer look at TVTX’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.75 and its Current Ratio is at 2.78. In the meantime, Its Debt-to-Equity ratio is 5.45 whereas as Long-Term Debt/Eq ratio is at 5.39.
On December 05, 2023, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $7 to $10.
On November 20, 2023, Citigroup started tracking the stock assigning a Neutral rating and target price of $7.Citigroup initiated its Neutral rating on November 20, 2023, with a $7 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 11 ’24 when Cline Christopher R. sold 54 shares for $6.74 per share. The transaction valued at 364 led to the insider holds 70,849 shares of the business.
Dube Eric M sold 19,122 shares of TVTX for $166,435 on Feb 01 ’24. The CHIEF EXECUTIVE OFFICER now owns 350,600 shares after completing the transaction at $8.70 per share. On Feb 01 ’24, another insider, REED ELIZABETH E, who serves as the SVP, GC & CORPORATE SECRETARY of the company, sold 4,764 shares for $8.71 each. As a result, the insider received 41,495 and left with 76,270 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 783367424 and an Enterprise Value of 746339584. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.28 while its Price-to-Book (P/B) ratio in mrq is 10.57. Its current Enterprise Value per Revenue stands at 4.793 whereas that against EBITDA is -1.982.
Stock Price History:
The Beta on a monthly basis for TVTX is 0.81, which has changed by -0.34165066 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. Over the past 52 weeks, TVTX has reached a high of $17.57, while it has fallen to a 52-week low of $5.12. The 50-Day Moving Average of the stock is 37.50%, while the 200-Day Moving Average is calculated to be 35.83%.
Shares Statistics:
According to the various share statistics, TVTX traded on average about 1.25M shares per day over the past 3-months and 1437760 shares per day over the past 10 days. A total of 76.13M shares are outstanding, with a floating share count of 75.39M. Insiders hold about 0.98% of the company’s shares, while institutions hold 118.91% stake in the company. Shares short for TVTX as of 1719532800 were 10320666 with a Short Ratio of 8.25, compared to 1717113600 on 13466678. Therefore, it implies a Short% of Shares Outstanding of 10320666 and a Short% of Float of 15.25.
