Stocks of Travere Therapeutics Inc (TVTX) are poised to climb above their peers

With 2.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.26 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $9.92 whereas the lowest price it dropped to was $8.76. The 52-week range on TVTX shows that it touched its highest point at $17.57 and its lowest point at $5.12 during that stretch. It currently has a 1-year price target of $14.86. Beta for the stock currently stands at 0.78.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TVTX was up-trending over the past week, with a rise of 14.61%, but this was up by 31.26% over a month. Three-month performance surged to 36.35% while six-month performance rose 9.84%. The stock lost -38.85% in the past year, while it has gained 5.56% so far this year. A look at the trailing 12-month EPS for TVTX yields -5.06 with Next year EPS estimates of -1.49. For the next quarter, that number is -0.80. This implies an EPS growth rate of -126.16% for this year and 56.00% for next year.

Float and Shares Shorts:

At present, 76.13 million TVTX shares are outstanding with a float of 75.39 million shares on hand for trading. On 2024-06-14, short shares totaled 13.41 million, which was 1762.0 higher than short shares on 1715731200. In addition to Dr. Eric M. Dube Ph.D. as the firm’s President, CEO & Director, Mr. Christopher Cline C.F.A. serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 1.18736 of TVTX’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, TVTX reported revenue of $41374000.0 and operating income of -$138978000.0. The EBITDA in the recently reported quarter was -$122828000.0 and diluted EPS was -$1.76.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TVTX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.