At the time of writing, Travere Therapeutics Inc [TVTX] stock is trading at $8.72, up 10.52%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TVTX shares have gain 6.08% over the last week, with a monthly amount glided 11.37%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Travere Therapeutics Inc [NASDAQ: TVTX] stock has seen the most recent analyst activity on March 27, 2024, when Guggenheim downgraded its rating to a Neutral. Previously, Citigroup upgraded its rating to Buy on December 05, 2023, and elevated its price target to $10. On November 20, 2023, Citigroup initiated with a Neutral rating and assigned a price target of $7 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $8 on September 22, 2023. William Blair downgraded its rating to a Mkt Perform. In a note dated July 21, 2023, JP Morgan initiated an Overweight rating and provided a target price of $26 on this stock.
For the past year, the stock price of Travere Therapeutics Inc fluctuated between $5.12 and $17.57. Currently, Wall Street analysts expect the stock to reach $21.67 within the next 12 months. Travere Therapeutics Inc [NASDAQ: TVTX] shares were valued at $8.72 at the most recent close of the market. An investor can expect a potential return of 148.51% based on the average TVTX price forecast.
Analyzing the TVTX fundamentals
According to Travere Therapeutics Inc [NASDAQ:TVTX], the company’s sales were 183.22M for trailing twelve months, which represents an -27.41% plunge. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at -2.18%, Pretax Profit Margin comes in at -2.18%, and Net Profit Margin reading is -0.88%. To continue investigating profitability, this company’s Return on Assets is posted at -0.24, Equity is -0.96 and Total Capital is -0.81. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.45.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.21 points at the first support level, and at 7.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.01, and for the 2nd resistance point, it is at 9.30.
Ratios To Look Out For
It is important to note that Travere Therapeutics Inc [NASDAQ:TVTX] has a current ratio of 2.78. As well, the Quick Ratio is 2.75, while the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 3.62, the price to book ratio is 8.96.
Transactions by insiders
Recent insider trading involved Cline Christopher R., CHIEF FINANCIAL OFFICER, that happened on Apr 11 ’24 when 54.0 shares were sold. CHIEF EXECUTIVE OFFICER, Dube Eric M completed a deal on Feb 01 ’24 to sell 19122.0 shares. Meanwhile, SVP, GC & CORPORATE SECRETARY REED ELIZABETH E sold 4764.0 shares on Feb 01 ’24.
