The stock of Travere Therapeutics Inc (NASDAQ: TVTX) has increased by 2.08 when compared to last closing price of 17.30.Despite this, the company has seen a gain of 0.91% in its stock price over the last five trading days. globenewswire.com reported 2024-11-07 that SAN DIEGO, Nov. 07, 2024 (GLOBE NEWSWIRE) — Travere Therapeutics, Inc. (Nasdaq: TVTX) today announced the pricing of an underwritten public offering of 7,812,500 shares of its common stock at a price to the public of $16.00 per share. All of the shares are being sold by Travere. The gross proceeds from the offering are expected to be $125.0 million, before deducting the underwriting discounts and commissions and offering expenses. The offering is expected to close on November 12, 2024, subject to customary closing conditions. In addition, Travere has granted the underwriters for the offering a 30-day option to purchase up to an additional 1,171,875 shares of its common stock at the public offering price, less the underwriting discounts and commissions.
Is It Worth Investing in Travere Therapeutics Inc (NASDAQ: TVTX) Right Now?
Company’s 36-month beta value is 0.67.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 6 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for TVTX is 76.87M, and currently, short sellers hold a 10.55% ratio of that floaft. The average trading volume of TVTX on November 08, 2024 was 1.78M shares.
TVTX’s Market Performance
The stock of Travere Therapeutics Inc (TVTX) has seen a 0.91% increase in the past week, with a 0.40% rise in the past month, and a 107.03% gain in the past quarter. The volatility ratio for the week is 6.70%, and the volatility levels for the past 30 days are at 6.35% for TVTX. The simple moving average for the last 20 days is -0.58% for TVTX’s stock, with a simple moving average of 82.43% for the last 200 days.
Analysts’ Opinion of TVTX
Many brokerage firms have already submitted their reports for TVTX stocks, with Wells Fargo repeating the rating for TVTX by listing it as a “Overweight.” The predicted price for TVTX in the upcoming period, according to Wells Fargo is $27 based on the research report published on October 21, 2024 of the current year 2024.
Guggenheim gave a rating of “Buy” to TVTX, setting the target price at $25 in the report published on September 09th of the current year.
TVTX Trading at 16.11% from the 50-Day Moving Average
After a stumble in the market that brought TVTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.26% of loss for the given period.
Volatility was left at 6.35%, however, over the last 30 days, the volatility rate increased by 6.70%, as shares surge +3.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +95.57% upper at present.
During the last 5 trading sessions, TVTX rose by +0.91%, which changed the moving average for the period of 200-days by +94.92% in comparison to the 20-day moving average, which settled at $17.76. In addition, Travere Therapeutics Inc saw 96.44% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TVTX starting from LYONS GARY A, who sale 40,000 shares at the price of $14.73 back on Oct 04 ’24. After this action, LYONS GARY A now owns 51,000 shares of Travere Therapeutics Inc, valued at $589,101 using the latest closing price.
GARY A LYONS, the Officer of Travere Therapeutics Inc, proposed sale 40,000 shares at $13.65 during a trade that took place back on Oct 04 ’24, which means that GARY A LYONS is holding shares at $546,000 based on the most recent closing price.
Stock Fundamentals for TVTX
Current profitability levels for the company are sitting at:
- -1.69 for the present operating margin
- 0.79 for the gross margin
The net margin for Travere Therapeutics Inc stands at -1.73. The total capital return value is set at -1.09. Equity return is now at value -279.94, with -52.19 for asset returns.
Based on Travere Therapeutics Inc (TVTX), the company’s capital structure generated 1.08 points at debt to capital in total, while cash flow to debt ratio is standing at -0.68. The debt to equity ratio resting at -13.21. The interest coverage ratio of the stock is -61.06.
Currently, EBITDA for the company is -331.81 million with net debt to EBITDA at -1.2. When we switch over and look at the enterprise to sales, we see a ratio of 8.57. The receivables turnover for the company is 8.08for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.
Conclusion
In a nutshell, Travere Therapeutics Inc (TVTX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
