Travere Therapeutics Inc (NASDAQ: TVTX) is 60.18% higher on its value in year-to-date trading and has touched a low of $5.12 and a high of $14.72 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TVTX stock was last observed hovering at around $14.27 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $14.40, the stock is 37.83% and 47.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.75 million and changing 0.91% at the moment leaves the stock 75.40% off its SMA200. TVTX registered 5.19% gain for a year compared to 6-month gain of 100.56%.
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The stock witnessed a 65.90% loss in the last 1 month and extending the period to 3 months gives it a 96.45%, and is 12.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.38% over the week and 6.90% over the month.
Travere Therapeutics Inc (TVTX) has around 380 employees, a market worth around $1.10B and $177.64M in sales. Profit margin for the company is -209.36%. Distance from 52-week low is 181.25% and -2.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-90.01%).
with sales reaching $60.87M over the same period.The EPS is expected to shrink by -131.91% this year, but quarterly earnings will post 55.90% year-over-year. Quarterly sales are estimated to grow 64.10% in year-over-year returns.
Travere Therapeutics Inc (TVTX) Top Institutional Holders
The shares outstanding are 75.37M, and float is at 75.33M with Short Float at 12.28%.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.64 million shares valued at $62.84 million. The investor’s holdings represent 9.8642% of the TVTX Shares outstanding. As of 2024-06-30, the second largest holder is ARMISTICE CAPITAL, LLC with 7.5 million shares valued at $61.65 million to account for 9.6774 of the shares outstanding. The other top investors are DEEP TRACK CAPITAL, LP which holds 7.37 million shares representing 9.5096% and valued at over $60.58 million, while VANGUARD GROUP INC holds 8.5416 of the shares totaling 6.62 million with a market value of $54.41 million.
Travere Therapeutics Inc (TVTX) Insider Activity
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Travere Therapeutics Inc disclosed in a document filed with the SEC on Sep 10 ’24 that Inrig Jula (CHIEF MEDICAL OFFICER) sold a total of 684 shares of the company’s common stock. The trade occurred on Sep 10 ’24 and was made at $12.98 per share for $8878.0. Following the transaction, the insider now directly holds 61949.0 shares of the TVTX stock.
Still, SEC filings show that on Sep 09 ’24, ROTE WILLIAM E. (SENIOR VICE PRESIDENT, R&D) disposed off 4,387 shares at an average price of $11.52 for $50538.0. The insider now directly holds 84,455 shares of Travere Therapeutics Inc (TVTX).
