Travere Therapeutics Inc (NASDAQ:TVTX) marked $5.75 per share on Monday, down from a previous closing price of $5.85. While Travere Therapeutics Inc has underperformed by -1.71%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TVTX fell by -72.36%, with highs and lows ranging from $23.18 to $5.25, whereas the simple moving average fell by -63.03% in the last 200 days.
On Nov-21-23, Citigroup started tracking Travere Therapeutics Inc (NASDAQ: TVTX) recommending Neutral.
Analysis of Travere Therapeutics Inc (TVTX)
Further, the quarter-over-quarter decrease in sales is -30.66%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Travere Therapeutics Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -171.92% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.77, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.80M can be a very valuable indicator of volatility for TVTX stock. On a monthly basis, the volatility of the stock is set at 7.24%, whereas on a weekly basis, it is put at 6.39%, with a gain of 0.88% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.86, showing growth from the present price of $5.75, which can serve as yet another indication of whether TVTX is worth investing in or should be passed over.
How Do You Analyze Travere Therapeutics Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.53%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 107.47% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in TVTX shares?
The recent increase in stakes in TVTX appears to be a result of several institutional investors and hedge funds increasing their positions. Armistice Capital LLC’s position in TVTX has increased by 0.67% in the first quarter. The company now owns 7,500,000 shares of the stock, with a value of $48.6 million, following the purchase of 50,000 additional shares during the last quarter. During the last quarter, the company picked up 0 additional shares for a total stake of worth $47.76 million, bringing number of shares owned by the company to 7,370,000.
During the first quarter, BlackRock Fund Advisors added a 289,641 position in TVTX. Macquarie Investment Management B purchased an additional 0.72 million shares in the last quarter, increasing its holdings by 18.18%, now holding 4.67 million shares worth $30.27 million. At the end of the first quarter, The Vanguard Group, Inc. increased its TVTX holdings by 11.42% and now holds 4.48 million TVTX shares valued at $29.04 million with the added 0.46 million shares during the period. TVTX shares are owned by institutional investors to the tune of 107.47% at present.