Growth Story Still Intact For REV Group Inc (REVG)

REV Group Inc (REVG) concluded trading on Thursday at a closing price of $18.26, with 6.0 million shares of worth about $109.6 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 60.61% during that period and on Thursday the price saw a gain of about 3.16%. Currently the company’s common shares owned by public are about 59.51M shares, out of which, 31.03M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 3 times over the past 12 months. They bought 126,515 shares in 3 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

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Stock saw a price change of 10.20% in past 5 days and over the past one month there was a price change of 24.75%. Year-to-date (YTD), REVG shares are showing a performance of 18.71% which increased to 73.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.34 but also hit the highest price of $17.73 during that period. The average intraday trading volume for REV Group Inc shares is 402.82K. The stock is currently trading 12.91% above its 20-day simple moving average (SMA20), while that difference is up 18.70% for SMA50 and it goes to 46.92% higher than SMA200.

REV Group Inc (NYSE: REVG) currently have 59.51M outstanding shares and institutions hold larger chunk of about 50.35% of that.

The stock has a current market capitalization of $1.09B and its 3Y-monthly beta is at 1.67. PE ratio of stock for trailing 12 months is 24.02, while it has posted earnings per share of $0.76 in the same period. Its PEG reads 1.26 and has Quick Ratio of 0.49 while making debt-to-equity ratio of 0.38. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for REVG, volatility over the week remained 5.57% while standing at 3.85% over the month.

Analysts are in expectations that REV Group Inc (REVG) stock would likely to be making an EPS of $REV Group, Inc. in the current quarter, while forecast for next quarter EPS is $18.26 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $MEDICAL CANNABIS PAYMENT SOLUTI which is $Regency Centers Corporation at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $REVS in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 15.44% while it is estimated to increase by 31.85% in next year. EPS is likely to shrink at an annualized rate of 19.01% for next 5-years, compared to annual growth of 31.11% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by DA Davidson on September 27, 2023 offering a Buy rating for the stock and assigned a target price range of between $16 and $20 to it.

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