Trading Day Triumph: Travere Therapeutics Inc (TVTX) Ends at 17.14, a -2.06 Surge/Plunge

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Travere Therapeutics Inc (NASDAQ: TVTX) closed the day trading at $17.14 down -2.06% from the previous closing price of $17.50. In other words, the price has decreased by -$2.06 from its previous closing price. On the day, 1.32 million shares were traded. TVTX stock price reached its highest trading level at $17.605 during the session, while it also had its lowest trading level at $17.08.

Ratios:

For a better understanding of TVTX, let’s look at its different ratios. 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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 25 ’24 when Calvin Sandra sold 12,090 shares for $18.30 per share. The transaction valued at 221,258 led to the insider holds 54,927 shares of the business.

Calvin Sandra bought 12,090 shares of TVTX for $221,258 on Nov 25 ’24. On Oct 04 ’24, another insider, LYONS GARY A, who serves as the Director of the company, sold 40,000 shares for $14.73 each. As a result, the insider received 589,101 and left with 51,000 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 1491767936 and an Enterprise Value of 1490868736. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.33. Its current Enterprise Value per Revenue stands at 7.328 whereas that against EBITDA is -6.245.

Stock Price History:

Over the past 52 weeks, TVTX has reached a high of $20.33, while it has fallen to a 52-week low of $5.12. The 50-Day Moving Average of the stock is -5.25%, while the 200-Day Moving Average is calculated to be 55.15%.

Shares Statistics:

Over the past 3-months, TVTX traded about 1.71M shares per day on average, while over the past 10 days, TVTX traded about 1139570 shares per day. A total of 87.03M shares are outstanding, with a floating share count of 85.74M. Insiders hold about 1.49% of the company’s shares, while institutions hold 97.31% stake in the company. Shares short for TVTX as of 1732838400 were 7574947 with a Short Ratio of 4.43, compared to 1730332800 on 7991229. Therefore, it implies a Short% of Shares Outstanding of 7574947 and a Short% of Float of 9.64.

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