Revance Therapeutics Inc (RVNC) Shares Soar Above 1-Year High

Revance Therapeutics Inc (NASDAQ: RVNC) has experienced a rise in its stock price by 3.40 compared to its previous closing price of 2.80. However, the company has seen a gain of 12.45% in its stock price over the last five trading days. businesswire.com reported 2024-06-14 that NASHVILLE, Tenn.–(BUSINESS WIRE)–Revance Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4).

Is It Worth Investing in Revance Therapeutics Inc (NASDAQ: RVNC) Right Now?

RVNC has 36-month beta value of 0.98. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for RVNC is 95.34M, and currently, short sellers hold a 15.05% ratio of that float. The average trading volume of RVNC on July 10, 2024 was 1.97M shares.

RVNC’s Market Performance

The stock of Revance Therapeutics Inc (RVNC) has seen a 12.45% increase in the past week, with a -0.34% drop in the past month, and a -35.06% fall in the past quarter. The volatility ratio for the week is 7.95%, and the volatility levels for the past 30 days are at 7.91% for RVNC. The simple moving average for the past 20 days is 7.30% for RVNC’s stock, with a -52.01% simple moving average for the past 200 days.

Analysts’ Opinion of RVNC

Many brokerage firms have already submitted their reports for RVNC stocks, with Mizuho repeating the rating for RVNC by listing it as a “Neutral.” The predicted price for RVNC in the upcoming period, according to Mizuho is $9 based on the research report published on January 29, 2024 of the current year 2024.

Goldman, on the other hand, stated in their research note that they expect to see RVNC reach a price target of $8, previously predicting the price at $30. The rating they have provided for RVNC stocks is “Neutral” according to the report published on January 09th, 2024.

Exane BNP Paribas gave a rating of “Neutral” to RVNC, setting the target price at $20 in the report published on August 16th of the previous year.

RVNC Trading at -5.89% from the 50-Day Moving Average

After a stumble in the market that brought RVNC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -88.59% of loss for the given period.

Volatility was left at 7.91%, however, over the last 30 days, the volatility rate increased by 7.95%, as shares surge +7.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.16% lower at present.

During the last 5 trading sessions, RVNC rose by +12.45%, which changed the moving average for the period of 200-days by -78.01% in comparison to the 20-day moving average, which settled at $2.70. In addition, Revance Therapeutics Inc saw -67.12% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at RVNC starting from Jordan Erica, who sale 2,392 shares at the price of $3.80 back on Apr 16 ’24. After this action, Jordan Erica now owns 114,864 shares of Revance Therapeutics Inc, valued at $9,096 using the latest closing price.

Schilke Tobin, the CFO of Revance Therapeutics Inc, sale 9,361 shares at $5.04 during a trade that took place back on Mar 18 ’24, which means that Schilke Tobin is holding 192,666 shares at $47,204 based on the most recent closing price.

Stock Fundamentals for RVNC

Current profitability levels for the company are sitting at:

  • -1.28 for the present operating margin
  • 0.68 for the gross margin

The net margin for Revance Therapeutics Inc stands at -1.34. The total capital return value is set at -0.69. Equity return is now at value -2096.78, with -59.42 for asset returns.

Based on Revance Therapeutics Inc (RVNC), the company’s capital structure generated 1.29 points at debt to capital in total, while cash flow to debt ratio is standing at -0.49. The debt to equity ratio resting at -4.43. The interest coverage ratio of the stock is -15.11.

Currently, EBITDA for the company is -207.03 million with net debt to EBITDA at -1.75. When we switch over and look at the enterprise to sales, we see a ratio of 2.72. The receivables turnover for the company is 7.92for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.37.

Conclusion

To put it simply, Revance Therapeutics Inc (RVNC) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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