In the latest session, Revance Therapeutics Inc (NASDAQ: RVNC) closed at $4.94 down -6.88% from its previous closing price of $5.30. In other words, the price has decreased by -$0.3650 from its previous closing price. On the day, 2845741 shares were traded. RVNC stock price reached its highest trading level at $5.3500 during the session, while it also had its lowest trading level at $4.8800.
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Ratios:
For a deeper understanding of Revance Therapeutics Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.29 and its Current Ratio is at 3.80.
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, Mizuho on January 29, 2024, Downgraded its rating to Neutral and sets its target price to $9 from $16 previously.
On January 09, 2024, Goldman Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $30 to $8.
Exane BNP Paribas Upgraded its Underperform to Neutral on August 16, 2023, while the target price for the stock was maintained at $20.
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 Mar 06 ’24 when Foley Mark J bought 30,000 shares for $6.98 per share. The transaction valued at 209,400 led to the insider holds 1,015,468 shares of the business.
Moxie Dwight sold 11,000 shares of RVNC for $187,704 on Sep 06 ’23. The SVP, GC & Secretary now owns 44,066 shares after completing the transaction at $17.06 per share. On Sep 05 ’23, another insider, Moxie Dwight, who serves as the SVP, GC & Secretary of the company, sold 23,853 shares for $17.81 each. As a result, the insider received 424,920 and left with 55,066 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, RVNC now has a Market Capitalization of 552.86M and an Enterprise Value of 777.37M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.20. Its current Enterprise Value per Revenue stands at 3.32 whereas that against EBITDA is -2.67.
Stock Price History:
Over the past 52 weeks, RVNC has reached a high of $37.98, while it has fallen to a 52-week low of $5.00. The 50-Day Moving Average of the stock is 5.9015, while the 200-Day Moving Average is calculated to be 13.2402.
Shares Statistics:
For the past three months, RVNC has traded an average of 1.77M shares per day and 2.04M over the past ten days. A total of 104.21M shares are outstanding, with a floating share count of 93.29M. Insiders hold about 10.49% of the company’s shares, while institutions hold 75.38% stake in the company. Shares short for RVNC as of Feb 29, 2024 were 11.88M with a Short Ratio of 6.72, compared to 12.65M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.47% and a Short% of Float of 15.35%.
Earnings Estimates
There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.75 for the current quarter, with a high estimate of -$0.5 and a low estimate of -$1.19, while EPS last year was -$0.74. The consensus estimate for the next quarter is -$0.51, with high estimates of -$0.46 and low estimates of -$0.56.
Analysts are recommending an EPS of between -$1.61 and -$3.24 for the fiscal current year, implying an average EPS of -$2.3. EPS for the following year is -$1.06, with 5 analysts recommending between -$0.78 and -$1.22.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $56.63M this quarter.It ranges from a high estimate of $59.6M to a low estimate of $53.47M. As of the current estimate, Revance Therapeutics Inc’s year-ago sales were $49.33M, an estimated increase of 14.80% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $68.21M, an increase of 17.30% over than the figure of $14.80% in the same quarter last year. There is a high estimate of $72.83M for the next quarter, whereas the lowest estimate is $64M.
A total of 10 analysts have provided revenue estimates for RVNC’s current fiscal year. The highest revenue estimate was $288M, while the lowest revenue estimate was $272.88M, resulting in an average revenue estimate of $281.72M. In the same quarter a year ago, actual revenue was $234.04M, up 20.40% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $382.52M in the next fiscal year. The high estimate is $406.96M and the low estimate is $341M. The average revenue growth estimate for next year is up 35.80% from the average revenue estimate for this year.
