At the time of writing, Revance Therapeutics Inc [RVNC] stock is trading at $3.82, down -3.05%. An important factor to consider is whether the stock is rising or falling in short-term value. The RVNC shares have gain 5.82% over the last week, with a monthly amount drifted -34.25%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Revance Therapeutics Inc [NASDAQ: RVNC] stock has seen the most recent analyst activity on January 29, 2024, when Mizuho downgraded its rating to a Neutral and also revised its price target to $9 from $16. Previously, Goldman downgraded its rating to Neutral on January 09, 2024, and dropped its price target to $8. On August 16, 2023, upgrade upgraded it’s rating to Neutral but maintained its price target of $20 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $27 on October 11, 2022. Goldman initiated its recommendation with a Buy and recommended $33 as its price target on September 22, 2022. Wells Fargo downgraded its rating to Equal Weight for this stock on October 25, 2021, and downed its price target to $17. In a note dated October 15, 2020, Needham reiterated an Buy rating on this stock and boosted its target price from $36 to $42.
For the past year, the stock price of Revance Therapeutics Inc fluctuated between $2.30 and $9.74. Currently, Wall Street analysts expect the stock to reach $6.66 within the next 12 months. Revance Therapeutics Inc [NASDAQ: RVNC] shares were valued at $3.82 at the most recent close of the market. An investor can expect a potential return of 74.35% based on the average RVNC price forecast.
Analyzing the RVNC fundamentals
According to Revance Therapeutics Inc [NASDAQ:RVNC], the company’s sales were 247.00M for trailing twelve months, which represents an 5.47% jump. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at -0.67%, Pretax Profit Margin comes in at -0.73%, and Net Profit Margin reading is -0.73%. To continue investigating profitability, this company’s Return on Assets is posted at -0.39, Equity is 1.34 and Total Capital is -0.44. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.64.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.74 points at the first support level, and at 3.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.92, and for the 2nd resistance point, it is at 4.03.
Ratios To Look Out For
It is important to note that Revance Therapeutics Inc [NASDAQ:RVNC] has a current ratio of 4.12. On the other hand, the Quick Ratio is 3.05, and the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 1.57.
Transactions by insiders
Recent insider trading involved Hollander David, CMO & Global Therapeutics Lead, that happened on Nov 18 ’24 when 3908.0 shares were sold. Chief Commercial Officer, Jordan Erica completed a deal on Apr 16 ’24 to sell 2392.0 shares. Meanwhile, President Sjuts Dustin S sold 9211.0 shares on Mar 18 ’24.
