Travere Therapeutics Inc (NASDAQ:TVTX)’s traded shares stood at 1.26 million during the last session, with the company’s beta value hitting 0.69. At the close of trading, the stock’s price was $18.56, to imply a decrease of -1.01% or -$0.19 in intraday trading. The TVTX share’s 52-week high remains $20.33, putting it -9.54% down since that peak but still an impressive 72.41% since price per share fell to its 52-week low of $5.12. The company has a valuation of $1.59B, with an average of 1.75 million shares in intraday trading volume over the past 10 days and average of 1.84 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Travere Therapeutics Inc (TVTX), translating to a mean rating of 1.31. Of 8 analyst(s) looking at the stock, 0 analyst(s) give TVTX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.4.
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Travere Therapeutics Inc (NASDAQ:TVTX) trade information
After registering a -1.01% downside in the last session, Travere Therapeutics Inc (TVTX) has traded red over the past five days. The 5-day price performance for the stock is 7.28%, and 4.92% over 30 days. With these gigs, the year-to-date price performance is 106.45%. Short interest in Travere Therapeutics Inc (NASDAQ:TVTX) saw shorts transact 7.99 million shares and set a 3.92 days time to cover.
The extremes give us $12 and $33 for target low and target high price respectively. As such, TVTX has been trading -77.8% off suggested target high and 35.34% from its likely low.
Travere Therapeutics Inc (TVTX) estimates and forecasts
Looking at statistics comparing Travere Therapeutics Inc share performance against respective industry, we note that the company has outperformed competitors. Travere Therapeutics Inc (TVTX) shares are 172.94% up over the last 6 months, with its year-to-date growth rate higher than industry average at 22.49% against 17.10%. Revenue is forecast to grow 57.36% this quarter before jumping 76.39% for the next one. The rating firms project that company’s revenue will grow 59.06% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is 71.19M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 71.64M.Earnings reports from the last fiscal year show that sales brought in 45.06M and 41.37M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 57.98% before jumping 73.15% in the following quarter.
TVTX Dividends
Travere Therapeutics Inc has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
The next major institution holding the largest number of shares is ARMISTICE CAPITAL, LLC with 7.5 million shares, or about 9.6774% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $61.65 million.
