In the latest trading session, 1.37 million Revance Therapeutics Inc (NASDAQ:RVNC) shares changed hands as the company’s beta touched 0.99. With the company’s most recent per share price at $6.57 changing hands around $0.0 or 0.05% at last look, the market valuation stands at $684.79M. RVNC’s current price is a discount, trading about -167.73% off its 52-week high of $17.59. The share price had its 52-week low at $2.30, which suggests the last value was 64.99% up since then. When we look at Revance Therapeutics Inc’s average trading volume, we note the 10-day average is 3.22 million shares, with the 3-month average coming to 3.95 million.
Analysts gave the Revance Therapeutics Inc (RVNC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.67. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended RVNC as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Revance Therapeutics Inc’s EPS for the current quarter is expected to be -0.38.
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Revance Therapeutics Inc (NASDAQ:RVNC) trade information
Instantly RVNC is in green as seen in intraday trades today. With action -0.10%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -25.22%, with the 5-day performance at -0.10% in the red. However, in the 30-day time frame, Revance Therapeutics Inc (NASDAQ:RVNC) is -0.41% down. Looking at the short shares, we see there were 9.26 million shares sold at short interest cover period of 1.65 days.
The consensus price target for the stock as assigned by Wall Street analysts is 17.5, meaning bulls need an upside of 62.46% from its recent market value. According to analyst projections, RVNC’s forecast low is 8 with 37 as the target high. To hit the forecast high, the stock’s price needs a -463.17% plunge from its current level, while the stock would need to soar -21.77% for it to hit the projected low.
Revance Therapeutics Inc (RVNC) estimates and forecasts
Year-over-year growth is forecast to reach 17.70% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 68.2M. 8 analysts are of the opinion that Revance Therapeutics Inc’s revenue for the current quarter will be 88M. The company’s revenue for the corresponding quarters a year ago was 56.78M and 69.8M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 20.10%. The estimates for the next quarter sales put growth at 26.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0.57%. The 2024 estimates are for Revance Therapeutics Inc earnings to increase by 49.09%, but the outlook for the next 5-year period is at 11.60% per year.
RVNC Dividends
Revance Therapeutics Inc is expected to release its next quarterly earnings report on 2024-Nov-04.
Revance Therapeutics Inc (NASDAQ:RVNC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.58% of Revance Therapeutics Inc shares while 78.04% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.36%. There are 78.04% institutions holding the Revance Therapeutics Inc stock share, with CAPITAL WORLD INVESTORS the top institutional holder. As of 2024-06-30, the company held 15.164% of the shares, roughly 13.94 million RVNC shares worth $35.82 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.3183% or 8.57 million shares worth $22.01 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Smallcap World Fund and New Economy Fund (The). With 7.38 shares estimated at $48.55 million under it, the former controlled 7.04% of total outstanding shares. On the other hand, New Economy Fund (The) held about 6.04% of the shares, roughly 6.33 shares worth around $41.62 million.
