Upward Trajectory: Revvity Inc. (RVTY) Posts a Gaine, Closing at 119.98

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The closing price of Revvity Inc. (NYSE: RVTY) was $119.98 for the day, up 2.16% from the previous closing price of $117.44. In other words, the price has increased by $2.16 from its previous closing price. On the day, 0.52 million shares were traded. RVTY stock price reached its highest trading level at $120.4 during the session, while it also had its lowest trading level at $117.77.

Ratios:

Our analysis of RVTY’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.64. For the most recent quarter (mrq), Quick Ratio is recorded 1.98 and its Current Ratio is at 2.27. In the meantime, Its Debt-to-Equity ratio is 0.51 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 this company, Leerink Partners on July 08, 2024, initiated with a Outperform rating and assigned the stock a target price of $125.

UBS Downgraded its Buy to Neutral on January 16, 2024, whereas the target price for the stock was revised from $105 to $125.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 15 ’24 when MICHAS ALEXIS P bought 850 shares for $117.65 per share.

Goldberg Joel S sold 3,500 shares of RVTY for $412,507 on Aug 07 ’24. The Please See Remarks now owns 33,400 shares after completing the transaction at $117.86 per share. On Aug 07 ’24, another insider, Goldberg Joel S, who serves as the Officer of the company, bought 3,500 shares for $117.86 each.

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 14797973504 and an Enterprise Value of 16527621120. As of this moment, Revvity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 67.62, and their Forward P/E ratio for the next fiscal year is 23.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.46 while its Price-to-Book (P/B) ratio in mrq is 1.88. Its current Enterprise Value per Revenue stands at 6.103 whereas that against EBITDA is 21.175.

Stock Price History:

The Beta on a monthly basis for RVTY is 1.06, which has changed by 0.037272573 over the last 52 weeks, in comparison to a change of 0.24841464 over the same period for the S&P500. Over the past 52 weeks, RVTY has reached a high of $128.15, while it has fallen to a 52-week low of $79.50. The 50-Day Moving Average of the stock is 7.48%, while the 200-Day Moving Average is calculated to be 14.84%.

Shares Statistics:

RVTY traded an average of 934.03K shares per day over the past three months and 732800 shares per day over the past ten days. A total of 123.43M shares are outstanding, with a floating share count of 122.85M. Insiders hold about 0.39% of the company’s shares, while institutions hold 91.83% stake in the company. Shares short for RVTY as of 1722384000 were 4151025 with a Short Ratio of 4.44, compared to 1719532800 on 3827272. Therefore, it implies a Short% of Shares Outstanding of 4151025 and a Short% of Float of 4.46.

Dividends & Splits

With its trailing 12-month dividend rate of 0.28, RVTY has a forward annual dividend rate of 0.28. Against a Trailing Annual Dividend Yield of 0.002384196The stock’s 5-year Average Dividend Yield is 0.23.

Earnings Estimates

Current recommendations for the stock of the company come from 17.0 analysts. The consensus estimate for the next quarter is $1.43, with high estimates of $1.52 and low estimates of $1.39.

Analysts are recommending an EPS of between $4.78 and $4.7 for the fiscal current year, implying an average EPS of $4.75. EPS for the following year is $5.19, with 18.0 analysts recommending between $5.47 and $5.04.

Revenue Estimates

For the next quarter, 15 analysts are estimating revenue of $754.08M. There is a high estimate of $761.84M for the next quarter, whereas the lowest estimate is $745M.

A total of 17 analysts have provided revenue estimates for RVTY’s current fiscal year. The highest revenue estimate was $2.79B, while the lowest revenue estimate was $2.77B, resulting in an average revenue estimate of $2.78B. In the same quarter a year ago, actual revenue was $2.75BBased on 17 analysts’ estimates, the company’s revenue will be $2.96B in the next fiscal year. The high estimate is $2.98B and the low estimate is $2.91B.

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