The stock price of Revvity Inc (NYSE: RVTY) has surged by 3.12 when compared to previous closing price of 121.04, but the company has seen a 6.24% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-04 that Revvity’s third-quarter results showcase strong growth in Diagnostics business, along with a decline in Life Sciences segmental sales.
Is It Worth Investing in Revvity Inc (NYSE: RVTY) Right Now?
Revvity Inc (NYSE: RVTY) has a higher price-to-earnings ratio of 50.81x compared to its average ratio. RVTY has 36-month beta value of 1.05. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 5 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for RVTY is 122.85M, and currently, short sellers hold a 3.19% ratio of that float. The average trading volume of RVTY on November 05, 2024 was 669.73K shares.
RVTY’s Market Performance
RVTY’s stock has seen a 6.24% increase for the week, with a 0.69% rise in the past month and a 3.99% gain in the past quarter. The volatility ratio for the week is 3.90%, and the volatility levels for the past 30 days are at 2.54% for Revvity Inc The simple moving average for the last 20 days is 4.01% for RVTY stock, with a simple moving average of 11.87% for the last 200 days.
Analysts’ Opinion of RVTY
Many brokerage firms have already submitted their reports for RVTY stocks, with Barclays repeating the rating for RVTY by listing it as a “Overweight.” The predicted price for RVTY in the upcoming period, according to Barclays is $140 based on the research report published on October 15, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see RVTY reach a price target of $130. The rating they have provided for RVTY stocks is “Equal Weight” according to the report published on August 28th, 2024.
Leerink Partners gave a rating of “Outperform” to RVTY, setting the target price at $125 in the report published on July 08th of the current year.
RVTY Trading at 2.79% 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 -2.60% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 3.90%, as shares surge +1.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.94% upper at present.
During the last 5 trading sessions, RVTY rose by +6.24%, which changed the moving average for the period of 200-days by +17.28% in comparison to the 20-day moving average, which settled at $120.01. In addition, Revvity Inc saw 14.19% 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 Vohra Tajinder S, who sale 2,154 shares at the price of $121.73 back on Oct 09 ’24. After this action, Vohra Tajinder S now owns 19,652 shares of Revvity Inc, valued at $262,202 using the latest closing price.
Vohra Tajinder S, the Officer of Revvity Inc, proposed sale 2,154 shares at $121.73 during a trade that took place back on Oct 09 ’24, which means that Vohra Tajinder S is holding shares at $262,199 based on the most recent closing price.
Stock Fundamentals for RVTY
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.47 for the gross margin
The net margin for Revvity Inc stands at 0.11. The total capital return value is set at 0.03. Equity return is now at value 3.88, with 2.31 for asset returns.
Based on Revvity Inc (RVTY), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 2.74.
Currently, EBITDA for the company is 732.33 million with net debt to EBITDA at 3.46. When we switch over and look at the enterprise to sales, we see a ratio of 6.52. The receivables turnover for the company is 4.45for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.56.
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.
