Revvity Inc. (NYSE: RVTY) has a price-to-earnings ratio of 71.28x that is above its average ratio. Additionally, the 36-month beta value for RVTY is 1.04. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 5 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for RVTY is 122.85M and currently, short sellers hold a 3.78% ratio of that float. The average trading volume of RVTY on September 20, 2024 was 776.55K shares.
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RVTY) stock’s latest price update
Revvity Inc. (NYSE: RVTY) has seen a rise in its stock price by 1.52 in relation to its previous close of 124.59. However, the company has experienced a 5.27% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-06 that RVTY’s strong product portfolio raises optimism about the stock.
RVTY’s Market Performance
Revvity Inc. (RVTY) has experienced a 5.27% rise in stock performance for the past week, with a 5.84% rise in the past month, and a 17.66% rise in the past quarter. The volatility ratio for the week is 2.25%, and the volatility levels for the past 30 days are at 2.22% for RVTY. The simple moving average for the last 20 days is 4.79% for RVTY stock, with a simple moving average of 16.58% for the last 200 days.
Analysts’ Opinion of RVTY
Many brokerage firms have already submitted their reports for RVTY stocks, with Wells Fargo repeating the rating for RVTY by listing it as a “Equal Weight.” The predicted price for RVTY in the upcoming period, according to Wells Fargo is $130 based on the research report published on August 28, 2024 of the current year 2024.
Leerink Partners, on the other hand, stated in their research note that they expect to see RVTY reach a price target of $125. The rating they have provided for RVTY stocks is “Outperform” according to the report published on July 08th, 2024.
Jefferies gave a rating of “Hold” to RVTY, setting the target price at $115 in the report published on June 03rd of the current year.
RVTY Trading at 7.05% 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 -1.30% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares surge +4.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.55% upper at present.
During the last 5 trading sessions, RVTY rose by +5.27%, which changed the moving average for the period of 200-days by +38.56% in comparison to the 20-day moving average, which settled at $120.99. In addition, Revvity Inc. saw 15.71% 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 6.78. 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
In conclusion, Revvity Inc. (RVTY) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
