Revance Therapeutics Inc (RVNC) concluded trading on Wednesday at a closing price of $6.58, with 3.55 million shares of worth about $23.38 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.23% during that period and on September 04, 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 0.00% in past 5 days and over the past one month there was a price change of 115.03%. Year-to-date (YTD), RVNC shares are showing a performance of -25.14% which decreased to -63.77% 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 $18.21 during that period. The average intraday trading volume for Revance Therapeutics Inc shares is 3.72 million. The stock is currently trading 11.69% above its 20-day simple moving average (SMA20), while that difference is up 52.18% for SMA50 and it goes to 29.40% 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 83.41% of that.
The stock has a current market capitalization of $685.50M and its 3Y-monthly beta is at 0.99. 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 0.35% while standing at 2.80% over the month.
Analysts are in expectations that Revance Therapeutics Inc (RVNC) stock would likely to be making an EPS of -0.38 in the current quarter, while forecast for next quarter EPS is -0.22 and it is -0.65 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.45 which is -0.34 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 -1.63 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 49.09% while it is estimated to increase by 49.42% 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.
