Additionally, the 36-month beta value for RVNC is 0.89. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for RVNC is 95.70M and currently, short sellers hold a 10.45% ratio of that float. The average trading volume of RVNC on November 20, 2024 was 3.44M shares.
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RVNC) stock’s latest price update
Revance Therapeutics Inc (NASDAQ: RVNC)’s stock price has dropped by -5.76 in relation to previous closing price of 3.99. Nevertheless, the company has seen a loss of -8.96% in its stock price over the last five trading days. accesswire.com reported 2024-11-11 that NEW YORK, NY / ACCESSWIRE / November 11, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Revance Therapeutics, Inc. (“Revance Therapeutics, Inc.”) (NASDAQ:RVNC) concerning possible violations of federal securities laws. On September 23, 2024, Revance disclosed in a filing with the U.S. Securities and Exchange Commission that it “received a notice to remedy alleged material breaches, including breaches of the maximum levels of buffer stock and required efforts to promote and sell Teoxane products, under the Company’s exclusive distribution agreement with Teoxane SA”.
RVNC’s Market Performance
Revance Therapeutics Inc (RVNC) has experienced a -8.96% fall in stock performance for the past week, with a -28.79% drop in the past month, and a -43.03% drop in the past quarter. The volatility ratio for the week is 6.19%, and the volatility levels for the past 30 days are at 6.92% for RVNC. The simple moving average for the past 20 days is -24.58% for RVNC’s stock, with a -18.66% 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 -29.04% 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 -61.42% of loss for the given period.
Volatility was left at 6.92%, however, over the last 30 days, the volatility rate increased by 6.19%, as shares sank -28.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.77% lower at present.
During the last 5 trading sessions, RVNC fell by -8.96%, which changed the moving average for the period of 200-days by -26.27% in comparison to the 20-day moving average, which settled at $4.99. In addition, Revance Therapeutics Inc saw -57.22% 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 Hollander David, who sale 3,908 shares at the price of $4.17 back on Nov 18 ’24. After this action, Hollander David now owns 104,945 shares of Revance Therapeutics Inc, valued at $16,296 using the latest closing price.
Jordan Erica, the Chief Commercial Officer of Revance Therapeutics Inc, sale 2,392 shares at $3.80 during a trade that took place back on Apr 16 ’24, which means that Jordan Erica is holding 114,864 shares at $9,096 based on the most recent closing price.
Stock Fundamentals for RVNC
Current profitability levels for the company are sitting at:
- -0.67 for the present operating margin
- 0.71 for the gross margin
The net margin for Revance Therapeutics Inc stands at -0.73. The total capital return value is set at -0.44. Equity return is now at value -2096.78, with -36.38 for asset returns.
Based on Revance Therapeutics Inc (RVNC), the company’s capital structure generated 1.54 points at debt to capital in total, while cash flow to debt ratio is standing at -0.41. The debt to equity ratio resting at -2.86. The interest coverage ratio of the stock is -7.2.
Currently, EBITDA for the company is -290.64 million with net debt to EBITDA at -2.83. When we switch over and look at the enterprise to sales, we see a ratio of 3.32. The receivables turnover for the company is 5.12for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.12.
Conclusion
In conclusion, Revance Therapeutics Inc (RVNC) has seen bad 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’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.
