In the past week, RVTY stock has gone up by 1.05%, with a monthly gain of 7.19% and a quarterly surge of 8.07%. The volatility ratio for the week is 1.56%, and the volatility levels for the last 30 days are 2.86% for Revvity Inc. The simple moving average for the past 20 days is 0.37% for RVTY’s stock, with a 14.63% simple moving average for the past 200 days.
Is It Worth Investing in Revvity Inc. (NYSE: RVTY) Right Now?
Revvity Inc. (NYSE: RVTY) has a higher price-to-earnings ratio of 68.15x compared to its average ratio. RVTY has 36-month beta value of 1.05. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for RVTY is 122.85M, and currently, short sellers hold a 3.38% ratio of that float. The average trading volume of RVTY on August 23, 2024 was 878.85K shares.
RVTY) stock’s latest price update
The stock of Revvity Inc. (NYSE: RVTY) has increased by 1.28 when compared to last closing price of 119.39.Despite this, the company has seen a gain of 1.05% in its stock price over the last five trading days. zacks.com reported 2024-08-09 that Investors with an interest in Medical Services stocks have likely encountered both Pediatrix Medical Group (MD) and Revvity (RVTY). But which of these two stocks presents investors with the better value opportunity right now?
Analysts’ Opinion of RVTY
Many brokerage firms have already submitted their reports for RVTY stocks, with Leerink Partners repeating the rating for RVTY by listing it as a “Outperform.” The predicted price for RVTY in the upcoming period, according to Leerink Partners is $125 based on the research report published on July 08, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see RVTY reach a price target of $115. The rating they have provided for RVTY stocks is “Hold” according to the report published on June 03rd, 2024.
UBS gave a rating of “Neutral” to RVTY, setting the target price at $125 in the report published on January 16th of the current year.
RVTY Trading at 7.17% from the 50-Day Moving Average
After a stumble in the market that brought RVTY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.64% of loss for the given period.
Volatility was left at 2.86%, however, over the last 30 days, the volatility rate increased by 1.56%, as shares surge +4.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.81% upper at present.
During the last 5 trading sessions, RVTY rose by +0.47%, which changed the moving average for the period of 200-days by +40.54% in comparison to the 20-day moving average, which settled at $120.73. In addition, Revvity Inc. saw 10.62% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RVTY starting from MICHAS ALEXIS P, who sale 850 shares at the price of $118.62 back on Aug 15 ’24. After this action, MICHAS ALEXIS P now owns 7,770 shares of Revvity Inc., valued at $100,827 using the latest closing price.
MICHAS ALEXIS P, the Officer of Revvity Inc., proposed sale 850 shares at $117.65 during a trade that took place back on Aug 15 ’24, which means that MICHAS ALEXIS P is holding shares at $100,000 based on the most recent closing price.
Stock Fundamentals for RVTY
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.49 for the gross margin
The net margin for Revvity Inc. stands at 0.07. The total capital return value is set at 0.02. Equity return is now at value 2.51, with 1.43 for asset returns.
Based on Revvity Inc. (RVTY), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 2.94.
Currently, EBITDA for the company is 732.33 million with net debt to EBITDA at 3.71. When we switch over and look at the enterprise to sales, we see a ratio of 6.55. The receivables turnover for the company is 4.53for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.27.
Conclusion
To put it simply, Revvity Inc. (RVTY) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
