Is TRAVERE THERAPEUTICS INC (NASDAQ:TVTX) following the Minervini trend for explosive growth?

In this article we will dive into TRAVERE THERAPEUTICS INC (NASDAQ:TVTX) as a possible candidate for growth investing. Investors should always do their own research, but we noticed TRAVERE THERAPEUTICS INC showing up in our Minervini growth screen, which makes it worth to investigate a bit more.

Minervini Trend Template Analysis.

The Minervini Trend Template is a set of technical criteria designed to identify stocks in strong uptrends. We can check all the boxes for TVTX:

• ✔ Relative Strength is above 70.
• ✔ Current price is within 25% of it's 52-week high.
• ✔ Current price is at least 30% above it's 52-week low.
• ✔ The current price is above the 50-, 150- and 200-day SMA price line.
• ✔ The SMA(200) is trending upwards.
• ✔ The SMA(150) is above the SMA(200)
• ✔ The SMA(50) is above the SMA(150) and the SMA(200)

Why we can consider TVTX a High Growth Stock.

ChartMill assigns a proprietary High Growth Momentum Rating (HGM) to each stock. The score is computed by evaluating various growth and profitability aspects aspects, like EPS and revenue growth, accelleration, surprises and revisions. TVTX was assigned a score of 4 for growth:

Earnings Momentum

• TVTX has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 29.13% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• The quarter-to-quarter (Q2Q) revenue growth of 65.98% of TVTX has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
• With notable 1-year revenue growth of 60.55%, TVTX exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.

Financial Strength & Profitability

• TVTX has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.

Strong Market Performance

• TVTX has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 98.85 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning.

How does the Setup look for TVTX

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for TVTX is 3:

Although TVTX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Our latest full technical report of TVTX contains the most current technical analsysis.

Concluding

It looks like TRAVERE THERAPEUTICS INC meets the Minervini criteria. More high growth momentum breakout stocks can be found in our High Growth Momentum + Trend Template screen.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.