In the last trading session, 2.81 million shares of the Revance Therapeutics Inc (NASDAQ:RVNC) were traded, and its beta was 0.97. Most recently the company’s share price was $4.70, and it changed around -$0.6 or -11.32% from the last close, which brings the market valuation of the company to $489.65M. RVNC currently trades at a discount to its 52-week high of $9.74, offering almost -107.23% off that amount. The share price’s 52-week low was $2.30, which indicates that the current value has risen by an impressive 51.06% since then. We note from Revance Therapeutics Inc’s average daily trading volume that its 10-day average is 1.21 million shares, with the 3-month average coming to 4.55 million.
Revance Therapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.78. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended RVNC as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Revance Therapeutics Inc is expected to report earnings per share of -0.38 for the current quarter.
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Revance Therapeutics Inc (NASDAQ:RVNC) trade information
Instantly RVNC has showed a red trend with a performance of -11.32% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.36 on recent trading dayincreased the stock’s daily price by 12.31%. The company’s shares are currently down -46.53% year-to-date, but still down -11.15% over the last five days. On the other hand, Revance Therapeutics Inc (NASDAQ:RVNC) is -12.80% down in the 30-day period. We can see from the shorts that 9.19 million shares have been sold at a short interest cover period of 2.72 day(s).
The consensus price target as assigned by Wall Street analysts is $17.5, which translates to bulls needing to increase their stock price by 73.14% from its current value. Analyst projections state that RVNC is forecast to be at a low of $6.66 and a high of $37.
Revance Therapeutics Inc (RVNC) estimates and forecasts
Revance Therapeutics Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 38.24 percent over the past six months and at a 59.01% annual growth rate that is well above the industry average of 17.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 76.70% in revenue this quarter, and will report an increase of 64.50% in the next quarter. The year-over-year growth rate is expected to be 18.00%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 68.2M in revenue for the current quarter. 8 analysts expect Revance Therapeutics Inc to make 88M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 56.78M and 69.8M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 20.10%. Forecasts for the next quarter put sales growth at 26.10%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 0.57%. Revance Therapeutics Inc earnings are expected to increase by 50.79% in 2024, but the outlook is positive 11.60% per year for the next five years.
RVNC Dividends
Revance Therapeutics Inc’s next quarterly earnings report is expected to be released in November.
Revance Therapeutics Inc (NASDAQ:RVNC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.58% of Revance Therapeutics Inc shares, and 69.45% of them are in the hands of institutional investors. The stock currently has a share float of 75.97%. Revance Therapeutics Inc stock is held by 243.0 institutions, with CAPITAL WORLD INVESTORS being the largest institutional investor. By 2024-06-30, it held 15.164% of the shares, which is about 13.94 million shares worth $35.82 million.
BLACKROCK INC., with 9.3183% or 8.57 million shares worth $22.01 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
