While Travere Therapeutics Inc has overperformed by 0.34%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TVTX rose by 85.48%, with highs and lows ranging from $15.36 to $5.12, whereas the simple moving average jumped by 73.05% in the last 200 days.
On September 09, 2024, Guggenheim Upgraded Travere Therapeutics Inc (NASDAQ: TVTX) to Buy. A report published by Guggenheim on March 27, 2024, Downgraded its rating to ‘Neutral’ for TVTX. Citigroup also Upgraded TVTX shares as ‘Buy’, setting a target price of $10 on the company’s shares in a report dated December 05, 2023. Citigroup Initiated an Neutral rating on November 20, 2023, and assigned a price target of $7. Wells Fargo September 22, 2023d its ‘Overweight’ rating to ‘Equal Weight’ for TVTX, as published in its report on September 22, 2023. Evercore ISI also rated the stock as ‘Outperform’.
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Analysis of Travere Therapeutics Inc (TVTX)
Further, the quarter-over-quarter decrease in sales is -9.35%, showing a negative trend in the upcoming months.
Travere Therapeutics Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -582.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.99, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and TVTX has an average volume of 1.40M. On a monthly basis, the volatility of the stock is set at 6.88%, whereas on a weekly basis, it is put at 5.26%, with a gain of 1.11% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.60, showing growth from the present price of $14.56, which can serve as yet another indication of whether TVTX is worth investing in or should be passed over.
How Do You Analyze Travere Therapeutics Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.52%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 117.33% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TVTX shares are owned by institutional investors to the tune of 117.33% at present.
