In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Revvity Inc. (NYSE: RVTY) closed at $99.38 down -1.16% from its previous closing price of $100.55. In other words, the price has decreased by -$1.16 from its previous closing price. On the day, 0.74 million shares were traded. RVTY stock price reached its highest trading level at $100.49 during the session, while it also had its lowest trading level at $97.315.
Ratios:
For a deeper understanding of Revvity Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1240.04. For the most recent quarter (mrq), Quick Ratio is recorded 1.77 and its Current Ratio is at 2.07. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.42.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on January 16, 2024, Downgraded its rating to Neutral and sets its target price to $125 from $105 previously.
On January 04, 2024, Evercore ISI Upgraded its rating to Outperform which previously was In-line and also upped its target price recommendation from $88 to $125.
On December 19, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $95.Wells Fargo initiated its Equal Weight rating on December 19, 2023, with a $95 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 29 ’24 when MICHAS ALEXIS P sold 5,000 shares for $109.98 per share. The transaction valued at 549,900 led to the insider holds 55,604 shares of the business.
Vohra Tajinder S sold 7,918 shares of RVTY for $834,441 on Feb 27 ’24. The Please now owns 26,113 shares after completing the transaction at $105.39 per share. On Feb 23 ’24, another insider, Singh Prahlad R., who serves as the Please of the company, sold 1,144 shares for $105.13 each. As a result, the insider received 120,269 and left with 102,270 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RVTY now has a Market Capitalization of 12275913728 and an Enterprise Value of 14738609152. As of this moment, Revvity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.45, and their Forward P/E ratio for the next fiscal year is 19.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.46 while its Price-to-Book (P/B) ratio in mrq is 1.56. Its current Enterprise Value per Revenue stands at 5.358 whereas that against EBITDA is 18.123.
Stock Price History:
Over the past 52 weeks, RVTY has reached a high of $136.89, while it has fallen to a 52-week low of $79.50. The 50-Day Moving Average of the stock is -5.27%, while the 200-Day Moving Average is calculated to be -6.78%.
Shares Statistics:
For the past three months, RVTY has traded an average of 887.72K shares per day and 1273750 over the past ten days. A total of 123.43M shares are outstanding, with a floating share count of 123.05M. Insiders hold about 0.39% of the company’s shares, while institutions hold 87.95% stake in the company. Shares short for RVTY as of 1711584000 were 2689031 with a Short Ratio of 3.03, compared to 1709164800 on 4031075. Therefore, it implies a Short% of Shares Outstanding of 2689031 and a Short% of Float of 2.8800000999999997.
Dividends & Splits
According to the company, the forward annual dividend rate for RVTY is 0.35, from 0.28 in the trailing year. The stock’s 5-year Average Dividend Yield is 0.24.
Earnings Estimates
The stock of Revvity Inc. (RVTY) is currently being evaluated by Revvity, Inc. analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $13.94, with high estimates of $0.02 and low estimates of $13.02.
Analysts are recommending an EPS of between $Basic Materials and $Financial Services for the fiscal current year, implying an average EPS of $Financial Services.
