The Revance Therapeutics Inc. (NASDAQ:RVNC) is going up by 4.28% in today’s trading session, a rise equivalent to 0.6% of the stock’s price from yesterday’s market close. A news came out on 10/14/19 stating that Revance Appoints Mark J. Foley as President and CEO, Replacing Dan Browne by WSJ. The lowest point that the shares touched during the trading session was $12.03, while the peak of the day was recorded at a share price of $14.29. RVNC finished the previous session at $14.02 according to the data provided by Barchart, while the trading volume was observed to be $742615.
In the 100 days of trading, RVNC managed to top a 12.05% Moving average. Additionally, Revance Therapeutics Inc. shares have achieved a 52-week range between 9.88 and 26.89 alongside 100 days raw stochastic set at 90.91%.
The number of shares outstanding, according to the fundamentals of the company, is set at 42.22M, equal to the value of $591.92M in market capitalization. In the last 30 days, Revance Therapeutics Inc. shares went down by -3.17%, adding 15.16 to growth in value, on top of a +26.33% boost since 09/13/19.
Revance Therapeutics Inc. (NASDAQ:RVNC) Analyst’s Estimates
Revance Therapeutics Inc. (RVNC) could record at least -$0.98 per share in quarterly earnings in the upcoming report on 11/11/2019, a number that would actually represent a decrease of -4.10 YOY.
According to the average analyst rating, Revance Therapeutics Inc. would be rated as Buy. Out of 11 different analysts monitoring RVNC stock, 9 analysts rate the stock as a BUY, 2 suggest to give the rating of HOLD, 0 indicate that RVNC is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On June 11, 2019, the stock earned a Initiated rating due to a new analyst call from Barclays, while analysts from Wells Fargo believe that the stock is set at Market Perform, as concluded on February 15, 2019. H.C. Wainwright, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on February 14, 2019.
Regardless of the rating, Stifel did increase their price to $50 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 November 16, 2018, giving the stock a Buy from the Neutral rating.
RVNC Key Ratios To Watch:
Taking in account the profitability of the Company, the operating margin has been recorded at -3824.99. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -54.62%. Beta value of the stock is recorded at 1.16. Additionally, Revance Therapeutics Inc. is recording price volatility of 7.40% for the period of the last seven days and 5.59% in the last 30 days.
Revance Therapeutics Inc. (NASDAQ:RVNC) Technical Outlook
For the period of the last 50 days, Revance Therapeutics Inc. had its Raw Stochastic average set at 90.91% 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 86.44%. Stochastic %K for Revance Therapeutics Inc., with the last 20 days included, was set at 62.38%, having Stochastic %D topping 35.42%. 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 Revance Therapeutics Inc. stocks with recording -30.35% in metrics.
Revance Therapeutics Inc. Insider Watch:
Similarly, 86.42% of the company’s float is held by institutions – and there are 158 institutions in total holding shares of this company. The top three institutional holders of RVNC stocks are: Wellington Management Company, LLP with ownership of $73.97 million, which is approximately 5703467 of the company’s shares; ArrowMark Colorado Holdings LLC, holding 4310996 shares of the stock with an approximate value of $55.91 million; and Blackrock Inc., currently with more than 3528059 shares of the company valued at $45.76 million. Positions in Revance Therapeutics Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 8 insider purchases amounting to 45000 shares.