While Travere Therapeutics Inc has underperformed by -2.73%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TVTX rose by 162.72%, with highs and lows ranging from $25.29 to $5.12, whereas the simple moving average jumped by 47.79% in the last 200 days.
On January 10, 2025, Cantor Fitzgerald started tracking Travere Therapeutics Inc (NASDAQ: TVTX) recommending Overweight. A report published by Wells Fargo on October 21, 2024, Upgraded its rating to ‘Overweight’ for TVTX. Guggenheim March 27, 2024d its ‘Buy’ rating to ‘Neutral’ for TVTX, as published in its report on March 27, 2024. Citigroup’s report from December 05, 2023 suggests a price prediction of $10 for TVTX shares, giving the stock a ‘Buy’ rating. Citigroup also rated the stock as ‘Neutral’.
Analysis of Travere Therapeutics Inc (TVTX)
Further, the quarter-over-quarter increase in sales is 65.98%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Travere Therapeutics Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -246.75% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.04, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and TVTX is recording an average volume of 1.47M. On a monthly basis, the volatility of the stock is set at 5.79%, whereas on a weekly basis, it is put at 5.95%, with a loss of -8.87% over the past seven days. Furthermore, long-term investors anticipate a median target price of $34.50, showing growth from the present price of $20.65, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 1.53%. 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 111.15% 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 111.15% at present.
