Revance Therapeutics Inc (NASDAQ: RVNC): Hunting Genuine Value In Market Debris

Currently, there are 104.45M common shares owned by the public and among those 95.34M shares have been available to trade.

The company’s stock has a 5-day price change of 115.69% and 98.80% over the past three months. RVNC shares are trading -24.91% year to date (YTD), with the 12-month market performance down to -66.43% lower. It has a 12-month low price of $2.30 and touched a high of $20.56 over the same period. RVNC has an average intraday trading volume of 2.09 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 81.96%, 110.67%, and 27.29% respectively.

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Institutional ownership of Revance Therapeutics Inc (NASDAQ: RVNC) shares accounts for 85.72% of the company’s 104.45M shares outstanding.

It has a market capitalization of $689.37M and a beta (3y monthly) value of 0.96. The earnings-per-share (ttm) stands at -$3.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.40% over the week and 10.88% over the month.

Earnings per share for the fiscal year are expected to increase by 44.73%, and 51.35% over the next financial year. EPS should grow at an annualized rate of 11.60% over the next five years, compared to 0.57% over the past 5-year period.

Looking at the support for the RVNC, a number of firms have released research notes about the stock. Mizuho stated their Neutral rating for the stock in a research note on January 29, 2024, with the firm’s price target at $16-$9. Goldman coverage for the Revance Therapeutics Inc (RVNC) stock in a research note released on January 09, 2024 offered a Neutral rating with a price target of $8. Exane BNP Paribas was of a view on August 16, 2023 that the stock is Neutral, while Morgan Stanley gave the stock Equal-Weight rating on October 11, 2022, issuing a price target of $27. Goldman on their part issued Buy rating on September 22, 2022.

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