Investors Should Take Note Of Revance Therapeutics Inc (RVNC)

Revance Therapeutics Inc (RVNC) concluded trading on Thursday at a closing price of $6.57, with 2.89 million shares of worth about $18.99 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.98% during that period and on August 29, 2024 the price saw a loss of about -0.15%. Currently the company’s common shares owned by public are about 104.18M shares, out of which, 95.10M shares are available for trading.

Stock saw a price change of -0.30% in past 5 days and over the past one month there was a price change of 73.81%. Year-to-date (YTD), RVNC shares are showing a performance of -25.26% which decreased to -64.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.30 but also hit the highest price of $18.57 during that period. The average intraday trading volume for Revance Therapeutics Inc shares is 3.68 million. The stock is currently trading 21.97% above its 20-day simple moving average (SMA20), while that difference is up 60.41% for SMA50 and it goes to 29.35% higher than SMA200.

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Revance Therapeutics Inc (NASDAQ: RVNC) currently have 104.18M outstanding shares and institutions hold larger chunk of about 83.38% of that.

The stock has a current market capitalization of $684.46M and its 3Y-monthly beta is at 0.95. It has posted earnings per share of -$3.19 in the same period. It has Quick Ratio of 3.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RVNC, volatility over the week remained 0.32% while standing at 4.40% over the month.

Stock’s fiscal year EPS is expected to rise by 49.09% while it is estimated to increase by 46.69% in next year. EPS is likely to grow at an annualized rate of 11.60% for next 5-years, compared to annual growth of 0.57% 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 Mizuho on January 29, 2024 offering a Neutral rating for the stock and assigned a target price range of between $16 and $9 to it. Coverage by Goldman stated Revance Therapeutics Inc (RVNC) stock as a Neutral in their note to investors on January 09, 2024, suggesting a price target of $8 for the stock. On August 16, 2023, Exane BNP Paribas Upgrade their recommendations, while on October 11, 2022, Morgan Stanley Initiated their ratings for the stock with a price target of $27. Stock get a Buy rating from Goldman on September 22, 2022.

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