In last trading session, Revance Therapeutics Inc. (NASDAQ:RVNC) saw 1.9 million shares changing hands with its beta currently measuring 0.87. Company’s recent per share price level of $25.56 trading at -$0.24 or -0.93% at ring of the bell on the day assigns it a market valuation of $2.11B. That closing price of RVNC’s stock is at a discount of -17.37% from its 52-week high price of $30.00 and is indicating a premium of 55.91% from its 52-week low price of $11.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.85 million shares which gives us an average trading volume of 1.15 million if we extend that period to 3-months.
For Revance Therapeutics Inc. (RVNC), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.86 in the current quarter.
Revance Therapeutics Inc. (NASDAQ:RVNC) trade information
Upright in the red during last session for losing -0.93%, in the last five days RVNC remained trading in the red while hitting it’s week-highest on Tuesday, 09/20/22 when the stock touched $25.56 price level, adding 5.68% to its value on the day. Revance Therapeutics Inc.’s shares saw a change of 56.62% in year-to-date performance and have moved -3.22% in past 5-day. Revance Therapeutics Inc. (NASDAQ:RVNC) showed a performance of 20.45% in past 30-days. Number of shares sold short was 7.26 million shares which calculate 11.14 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $33.73 to the stock, which implies a rise of 24.22% to its current value. Analysts have been projecting $24.00 as a low price target for the stock while placing it at a high target of $65.00. It follows that stock’s current price would drop -154.3% in reaching the projected high whereas dropping to the targeted low would mean a gain of 6.1% for stock’s current value.
Revance Therapeutics Inc. (RVNC) estimates and forecasts
Statistics highlight that Revance Therapeutics Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 30.61% of value to its shares in past 6 months, showing an annual growth rate of 11.27% while that of industry is 1.80. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 19.60% in the current quarter and calculating 18.20% increase in the next quarter. This year revenue growth is estimated to rise 55.10% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $28.45 million for the same. And 8 analysts are in estimates of company making revenue of $28.4 million in the next quarter that will end on Sep 2022. Company posted $18.8 million and $19.75 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 51.30% while estimating it to be 43.80% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -5.60% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 14.30% while estimates for its earnings growth in next 5 years are of 11.60%.
Revance Therapeutics Inc. is more likely to be releasing its next quarterly report between February 21 and February 25 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Revance Therapeutics Inc. (NASDAQ:RVNC)’s Major holders
Insiders are in possession of 2.66% of company’s total shares while institution are holding 84.04 percent of that, with stock having share float percentage of 86.34%. Investors also watch the number of corporate investors in a company very closely, which is 84.04% institutions for Revance Therapeutics Inc. that are currently holding shares of the company. JP Morgan Chase & Company is the top institutional holder at RVNC for having 6.82 million shares of worth $132.94 million. And as of Mar 30, 2022, it was holding 9.37% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 5.29 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 7.27% of outstanding shares, having a total worth of $103.1 million.
On the other hand, Smallcap World Fund and JP Morgan Small Cap Growth Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 4.9 million shares of worth $95.46 million or 6.73% of the total outstanding shares. The later fund manager was in possession of 2.21 million shares on Mar 30, 2022, making its stake of worth around $43.11 million in the company or a holder of 3.04% of company’s stock.