REV Group Inc (NYSE: REVG)’s stock price has decreased by -2.01 compared to its previous closing price of 27.33. However, the company has seen a -0.70% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-10-18 that BROOKFIELD, Wis.–(BUSINESS WIRE)–REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading specialty vehicle brands, announced plans earlier this year to exit the bus manufacturing business and today reports the finalized sale of ElDorado National (California), Inc. (ENC) to Rivaz, Inc. for a purchase price of approximately $52 million. REV Group intends to use the net proceeds from the sale to pay down outstanding borrowings under the company’s ABL credit facility. “ENC has a long his.
Is It Worth Investing in REV Group Inc (NYSE: REVG) Right Now?
REV Group Inc (NYSE: REVG) has a price-to-earnings ratio that is above its average at 6.40x. The stock has a 36-month beta value of 1.59. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 4 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for REVG is 49.52M, and at present, short sellers hold a 6.26% of that float. On October 31, 2024, the average trading volume of REVG was 653.83K shares.
REVG’s Market Performance
REVG stock saw a decrease of -0.70% in the past week, with a monthly decline of -1.58% and a quarterly a decrease of -4.97%. The volatility ratio for the week is 3.27%, and the volatility levels for the last 30 days are 3.35% for REV Group Inc (REVG). The simple moving average for the past 20 days is -3.59% for REVG’s stock, with a 10.77% simple moving average for the past 200 days.
Analysts’ Opinion of REVG
Many brokerage firms have already submitted their reports for REVG stocks, with Morgan Stanley repeating the rating for REVG by listing it as a “Equal-Weight.” The predicted price for REVG in the upcoming period, according to Morgan Stanley is $29.50 based on the research report published on June 11, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see REVG reach a price target of $20, previously predicting the price at $16. The rating they have provided for REVG stocks is “Buy” according to the report published on September 27th, 2023.
Robert W. Baird gave a rating of “Outperform” to REVG, setting the target price at $16 in the report published on March 06th of the previous year.
REVG Trading at -4.33% from the 50-Day Moving Average
After a stumble in the market that brought REVG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.92% of loss for the given period.
Volatility was left at 3.35%, however, over the last 30 days, the volatility rate increased by 3.27%, as shares sank -2.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.10% lower at present.
During the last 5 trading sessions, REVG fell by -0.70%, which changed the moving average for the period of 200-days by +53.64% in comparison to the 20-day moving average, which settled at $27.78. In addition, REV Group Inc saw 74.10% 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 REVG starting from Dutil Charles, who sale 12,500 shares at the price of $28.50 back on Sep 18 ’24. After this action, Dutil Charles now owns 41,628 shares of REV Group Inc, valued at $356,250 using the latest closing price.
AMERICAN INDUSTRIAL PARTNERS C, the No longer a 10% owner. of REV Group Inc, sale 7,395,191 shares at $17.25 during a trade that took place back on Mar 15 ’24, which means that AMERICAN INDUSTRIAL PARTNERS C is holding 1,767,314 shares at $127,567,045 based on the most recent closing price.
Stock Fundamentals for REVG
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.13 for the gross margin
The net margin for REV Group Inc stands at 0.1. The total capital return value is set at 0.12. Equity return is now at value 56.90, with 18.10 for asset returns.
Based on REV Group Inc (REVG), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 3.69.
Currently, EBITDA for the company is 114.1 million with net debt to EBITDA at 1.47. When we switch over and look at the enterprise to sales, we see a ratio of 0.64. The receivables turnover for the company is 12.29for trailing twelve months and the total asset turnover is 1.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.85.
Conclusion
To sum up, REV Group Inc (REVG) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
