Revance Therapeutics Inc (NASDAQ:RVNC)’s traded shares stood at 1.21 million during the last session, with the company’s beta value hitting 0.88. At the close of trading, the stock’s price was $4.17, to imply a decrease of -3.25% or -$0.14 in intraday trading. The RVNC share’s 52-week high remains $9.74, putting it -133.57% down since that peak but still an impressive 44.84% since price per share fell to its 52-week low of $2.30. The company has a valuation of $437.44M, with an average of 3.6 million shares in intraday trading volume over the past 10 days and average of 3.66 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Revance Therapeutics Inc (RVNC), translating to a mean rating of 2.78. Of 8 analyst(s) looking at the stock, 0 analyst(s) give RVNC a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 7 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.4.
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Revance Therapeutics Inc (NASDAQ:RVNC) trade information
After registering a -3.25% downside in the last session, Revance Therapeutics Inc (RVNC) has traded red over the past five days. The 5-day price performance for the stock is 12.70%, and -19.50% over 30 days. With these gigs, the year-to-date price performance is -52.56%. Short interest in Revance Therapeutics Inc (NASDAQ:RVNC) saw shorts transact 10.0 million shares and set a 6.06 days time to cover.
The extremes give us $6.66 and $37 for target low and target high price respectively. As such, RVNC has been trading -787.29% off suggested target high and -59.71% from its likely low.
Revance Therapeutics Inc (RVNC) estimates and forecasts
Looking at statistics comparing Revance Therapeutics Inc share performance against respective industry, we note that the company has outperformed competitors. Revance Therapeutics Inc (RVNC) shares are 38.08% up over the last 6 months, with its year-to-date growth rate higher than industry average at 58.75% against 17.70%. Revenue is forecast to grow 34.26% this quarter before jumping 44.44% for the next one. The rating firms project that company’s revenue will grow 6.35% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 71.73M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 69.3M.Earnings reports from the last fiscal year show that sales brought in 69.8M and 51.94M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 2.77% before jumping 33.43% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 0.57% for the past 5-year period. While 2024 is set for a 45.18% return in earnings, projections for the next 5 years are at 11.60% annually.
RVNC Dividends
Revance Therapeutics Inc has its next earnings report out on 2025-Feb-26. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Revance Therapeutics Inc (NASDAQ:RVNC)’s Major holders
Revance Therapeutics Inc insiders hold 8.52% of total outstanding shares, with institutional holders owning 81.25% of the shares at 88.82% float percentage. In total, 81.25% institutions holds shares in the company, led by CAPITAL WORLD INVESTORS. As of 2024-06-30, the company held over 13.94 million shares (or 15.164% of shares), all amounting to roughly $35.82 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 8.57 million shares, or about 9.3183% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $22.01 million.
