Is Revolve Group Inc (NYSE: RVLV) Proving The Doubters Wrong?

Revolve Group Inc (RVLV) concluded trading on Wednesday at a closing price of $23.31, with 3.98 million shares of worth about $92.71 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 54.47% during that period and on August 07, 2024 the price saw a gain of about 32.67%. Currently the company’s common shares owned by public are about 38.69M shares, out of which, 37.96M shares are available for trading.

Stock saw a price change of 20.47% in past 5 days and over the past one month there was a price change of 50.39%. Year-to-date (YTD), RVLV shares are showing a performance of 40.59% which increased to 32.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.25 but also hit the highest price of $23.19 during that period. The average intraday trading volume for Revolve Group Inc shares is 949.32K. The stock is currently trading 31.45% above its 20-day simple moving average (SMA20), while that difference is up 34.97% for SMA50 and it goes to 34.53% higher than SMA200.

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Revolve Group Inc (NYSE: RVLV) currently have 38.69M outstanding shares and institutions hold larger chunk of about 69.84% of that.

The stock has a current market capitalization of $1.65B and its 3Y-monthly beta is at 2.03. PE ratio of stock for trailing 12 months is 50.84, while it has posted earnings per share of $0.46 in the same period. Its PEG reads 1.56 and has Quick Ratio of 1.57 while making debt-to-equity ratio of 0.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RVLV, volatility over the week remained 8.68% while standing at 5.76% over the month.

Stock’s fiscal year EPS is expected to rise by 52.22% while it is estimated to increase by 18.98% in next year. EPS is likely to grow at an annualized rate of 32.50% for next 5-years, compared to annual growth of 5.82% 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 TD Cowen on March 21, 2024 offering an Outperform rating for the stock and assigned a target price range of between $23 and $25 to it. Coverage by Raymond James stated Revolve Group Inc (RVLV) stock as an Outperform in their note to investors on February 28, 2024, suggesting a price target of $21 for the stock. On January 17, 2024, Piper Sandler Upgrade their recommendations, while on January 10, 2024, Goldman Initiated their ratings for the stock with a price target of $12. Stock get a Neutral rating from Robert W. Baird on January 04, 2024.

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