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May 21, 2023

Travere Therapeutics (TVTX): A Closer Look at the -24.37% Monthly Descent in the Biotechnology Realm

Embark on an enlightening exploration of Travere Therapeutics (TVTX) as we unravel the mysteries behind its substantial -24.37% descent, with shares plunging to $16.45. In this blog post, we delve into the world of the Biotechnology Industry, shedding light on the factors that contributed to TVTX's downturn. Join us as we dissect the story of Travere Therapeutics and gain a deeper understanding of the intricacies within the ever-evolving biotech landscape.

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Understanding the Biotechnology Industry: Before delving into TVTX's performance, let's first grasp the broader context of the Biotechnology Industry. Our analysis of 959 stocks within this sector reveals that 61.23% exhibited an Uptrend, while 38.77% experienced a Downtrend. This comprehensive industry overview serves as the backdrop for uncovering the unique challenges and opportunities faced by TVTX amidst the dynamic and competitive biotech landscape.

Factors Influencing TVTX's Descent: Multiple factors may have contributed to the significant -24.37% monthly descent of Travere Therapeutics. The biotech realm is notorious for its inherent risks and uncertainties, including clinical trial outcomes, regulatory dynamics, and market fluctuations. By examining these factors, we aim to shed light on the intricacies that led to TVTX's descent, equipping investors with valuable insights and a deeper understanding of the biotech terrain.

Navigating the Biotech Landscape: As investors evaluate the implications of TVTX's descent, navigating the complex and ever-evolving biotech landscape becomes paramount. Identifying promising therapeutic areas, assessing pipeline progress, and staying informed about regulatory milestones are essential steps in making informed investment decisions. This blog post offers a comprehensive analysis to help investors navigate the challenges and opportunities within the dynamic biotech market.

Opportunities and Risks in Biotech: While TVTX experienced a significant descent, it's crucial to acknowledge that the biotech industry presents both opportunities and risks. The pursuit of groundbreaking treatments, advancements in scientific research, and potential market expansions offer glimpses of growth. However, investors must also be aware of the inherent risks associated with clinical trials, regulatory hurdles, and intense competition. This blog post aims to shed light on the opportunities and risks within the biotech industry, empowering investors to make informed decisions.

Travere Therapeutics' -24.37% monthly descent shines a spotlight on the dynamic nature of the Biotechnology Industry and the challenges faced by companies operating within this sector. By analyzing market trends, understanding the factors influencing TVTX's performance, and identifying potential opportunities, investors can navigate the biotech market with greater confidence. It's essential to conduct thorough research and seek advice from qualified financial professionals before making any investment decisions.

Related Ticker: TVTX

TVTX in downward trend: price expected to drop as it breaks its higher Bollinger Band on May 31, 2024

TVTX broke above its upper Bollinger Band on May 31, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 33 similar instances where the stock broke above the upper band. In of the 33 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for TVTX moved out of overbought territory on June 06, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for TVTX turned negative on June 14, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TVTX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 62 cases where TVTX's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on June 21, 2024. You may want to consider a long position or call options on TVTX as a result. In of 99 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

TVTX moved above its 50-day moving average on May 28, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for TVTX crossed bullishly above the 50-day moving average on May 31, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TVTX advanced for three days, in of 296 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 208 cases where TVTX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 81%.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TVTX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.513) is normal, around the industry mean (12.092). P/E Ratio (0.000) is within average values for comparable stocks, (146.660). TVTX's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.469). Dividend Yield (0.000) settles around the average of (0.065) among similar stocks. P/S Ratio (3.592) is also within normal values, averaging (209.132).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TVTX’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock worse than average.

Notable companies

The most notable companies in this group are Regeneron Pharmaceuticals (NASDAQ:REGN), Moderna (NASDAQ:MRNA), Sarepta Therapeutics (NASDAQ:SRPT), Incyte Corp (NASDAQ:INCY), Exelixis (NASDAQ:EXEL), Arrowhead Pharmaceuticals (NASDAQ:ARWR), Novavax (NASDAQ:NVAX), BioCryst Pharmaceuticals (NASDAQ:BCRX), Adaptive Biotechnologies Corp (NASDAQ:ADPT), Nektar Therapeutics (NASDAQ:NKTR).

Industry description

Biotechnology involves genetic or protein engineering to produce medicines/therapies for treating and preventing ailments. The industry also provides crucial ingredients for diagnostics. This multi-billion-dollar industry is heavily focused on research and development, as companies attempt to continually come up with cutting-edge solutions for health. New discoveries for the treatment of diseases provide opportunities for growth for a company in this industry. Discoveries, however, must pass the regulatory approval from the U.S. Food and Drug Administration (FDA) before they can make it to markets. Amgen Inc., Gilead Sciences, Inc. and Celgene Corporation are examples of companies in this industry.

Market Cap

The average market capitalization across the Biotechnology Industry is 2.86B. The market cap for tickers in the group ranges from 151 to 637.77B. NONOF holds the highest valuation in this group at 637.77B. The lowest valued company is MYMX at 151.

High and low price notable news

The average weekly price growth across all stocks in the Biotechnology Industry was -3%. For the same Industry, the average monthly price growth was -8%, and the average quarterly price growth was 53%. VICP experienced the highest price growth at 350%, while AVTE experienced the biggest fall at -94%.

Volume

The average weekly volume growth across all stocks in the Biotechnology Industry was -13%. For the same stocks of the Industry, the average monthly volume growth was 3% and the average quarterly volume growth was 11%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 86
Price Growth Rating: 65
SMR Rating: 94
Profit Risk Rating: 93
Seasonality Score: 4 (-100 ... +100)
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TVTXDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
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A.I. Advisor
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General Information

a biopharmaceutical company, which develops pharmaceutical products

Industry Biotechnology

Profile
Fundamentals
Details
Industry
Biotechnology
Address
3611 Valley Centre Drive
Phone
+1 888 969-7879
Employees
380
Web
https://www.travere.com
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