The Revolve Group Inc. (NYSE:RVLV) is going down by -2.66% in today’s trading session, a fall equivalent to -0.6% of the stock’s price from yesterday’s market close. A news came out on 08/08/19 stating that Revolve Group Announces Second Quarter 2019 Financial Results by WSJ. The lowest point that the shares touched during the trading session was $22.06, while the peak of the day was recorded at a share price of $23.71. RVLV finished the previous session at $22.56 according to the data provided by Barchart, while the trading volume was observed to be $602395.
The number of shares outstanding, according to the fundamentals of the company, is set at 68.96M, equal to the value of $1.56B in market capitalization. In the last 30 days, Revolve Group Inc. shares went down by -17.91%, adding 26.69 to growth in value, on top of a +1.54% boost since 09/09/19.
Revolve Group Inc. (NYSE:RVLV) Analyst’s Estimates
Revolve Group Inc. (RVLV) could record at least $0.11 per share in quarterly earnings in the upcoming report on 11/27/2019, a number that would actually represent an increase of 0.76 YOY.
According to the average analyst rating, Revolve Group Inc. would be rated as Overweight. Out of 9 different analysts monitoring RVLV stock, 6 analysts rate the stock as a BUY, 2 suggest to give the rating of HOLD, 1 indicate that RVLV is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On July 02, 2019, the stock earned a Initiated rating due to a new analyst call from William Blair, while analysts from Raymond James believe that the stock is set at Outperform, as concluded on July 02, 2019. Morgan Stanley, is still rather wary about the stock, deciding to keep the rating at Overweight as confirmed through a call on July 02, 2019.
Regardless of the rating, Jefferies did increase their price to $60 as they are considering target share price analysis. Guggenheim, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on July 02, 2019, giving the stock a Buy rating.
RVLV Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +52.68% has been attained, while the operating margin has been recorded at +8.38%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 21.45%. Additionally, Revolve Group Inc. is recording price volatility of 5.58% for the period of the last seven days and 6.77% in the last 30 days.
Revolve Group Inc. (NYSE:RVLV) Technical Outlook
For the period of the last 50 days, Revolve Group Inc. had its Raw Stochastic average set at 5.69% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 6.50%. Stochastic %K for Revolve Group Inc., with the last 20 days included, was set at 23.46%, having Stochastic %D topping 36.93%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Revolve Group Inc. stocks with recording -33.65% in metrics.
Revolve Group Inc. Insider Watch:
The top three institutional holders of RVLV stocks are: Eagle Asset Management Inc with ownership of $40.88 million, which is approximately 1184946 of the company’s shares; FMR, LLC, holding 1124931 shares of the stock with an approximate value of $38.81 million; and Vanguard Group, Inc. (The), currently with more than 886864 shares of the company valued at $30.6 million. Positions in Revolve Group Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 0 insider purchases amounting to 0 shares.