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Buy, Sell Or Hold Travere Therapeutics Inc (NASDAQ:TVTX) At $8.48?

In last trading session, Travere Therapeutics Inc (NASDAQ:TVTX) saw 0.74 million shares changing hands with its beta currently measuring 0.62. Company’s recent per share price level of $8.48 trading at $0.18 or 2.17% at ring of the bell on the day assigns it a market valuation of $637.27M. That closing price of TVTX’s stock is at a discount of -173.35% from its 52-week high price of $23.18 and is indicating a premium of 38.09% from its 52-week low price of $5.25. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.01 million shares which gives us an average trading volume of 1.52 million if we extend that period to 3-months.

Travere Therapeutics Inc (NASDAQ:TVTX) trade information

Upright in the green during last session for gaining 2.17%, in the last five days TVTX remained trading in the red while hitting it’s week-highest on Tuesday, 02/06/24 when the stock touched $8.48 price level, adding 2.3% to its value on the day. Travere Therapeutics Inc’s shares saw a change of -5.67% in year-to-date performance and have moved -0.12% in past 5-day. Travere Therapeutics Inc (NASDAQ:TVTX) showed a performance of -9.50% in past 30-days. Number of shares sold short was 9.71 million shares which calculate 6.23 days to cover the short interests.

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Travere Therapeutics Inc (TVTX) estimates and forecasts

Statistics highlight that Travere Therapeutics Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -45.92% of value to its shares in past 6 months, showing an annual growth rate of 61.10% while that of industry is 15.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -22.30% in the current quarter and calculating 27.60% increase in the next quarter. This year revenue growth is estimated to fall -8.10% from the last financial year’s standing.

14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $41.51 million for the same. And 10 analysts are in estimates of company making revenue of $44.93 million in the next quarter that will end on Mar 2024. Company posted $55.87 million and $56.99 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -25.70% while estimating it to be -21.20% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -23.18% during past 5 years.

TVTX Dividends

Travere Therapeutics Inc is more likely to be releasing its next quarterly report on February 15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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