Revance Therapeutics, Inc. (NASDAQ:RVNC) traded at $24.42 at last check on Tuesday, Jun 30, making a downturn move of -4.5% on its previous day’s price.
Looking at the stock we see that its previous close was $25.57 and the beta (5Y monthly) reads 1.63 with the day’s price range being $24.18 – 26.02. In terms of its 52-week price range, RVNC has a high of $27.97 and a low of $9.88. The company’s stock has gained about 12.53% over that past 30 days.
On the other hand, looking at the outlook for the RVNC stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 11 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Revance Therapeutics, Inc. (RVNC) stock as a Hold, while 10 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the RVNC stock currently stands at 0, and the current price level is 5.99% off its SMA20 and 17.5% from its 50-day simple moving average. The RSI (14) is pointing at 59.95 while the volatility over the past week is 8.36% and drops to 5.93% over the past one month. The beta value is 1.64, while the average true range (ATR) is currently pointing at 1.42. The average price target for the stock over the next 12 months is $36.36, with the estimates having a low of $15 and a high of $56. These price ends are -38.57% and +129.32% off the current price level respectively, although investors could be excited at the prospect of a +43.33% if the RVNC share price touches on the median price of $35.
Let’s briefly compare Revance (RVNC) stock to its peers. We find that today’s price change of -4.5% and +91.83% over the past 12 months for RVNC competes that of Amgen Inc (AMGN), which has seen its stock price rise 1.86% in the latest trading session and is +26.57% over the last one year. Another of its peers Gilead Sciences Inc (GILD) has climbed 3.19% today, and is +13.43% up over the past year, while Vertex Pharmaceutic (VRTX) is also down -4.5% yet its price remains in the green at 91.83% over the same period. Amgen has a P/E ratio of 18.48 compared to Revance’s 0 and Gilead’s 19.78. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.85% and 1.54%, respectively, in early deals.
Coming back to Revance Therapeutics, Inc. (NASDAQ:RVNC), we note that the average 3-month trading volume was 591.62 Million, while that of the preceding 10-day period stands at 927.12 Million. Current shares outstanding are 57.21 Million.
According to data from Thomson Reuters, insiders hold 1.45% of the company’s shares while institutions hold 95.68%. The data shows that short shares as of June 14, 2020, stood at 7.09 Million at a short ratio of 14.03. This represents a 12.4% Short interest in Shares outstanding on June 14, 2020. Shares short rose in June from the previous month at 6.67 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +50.46% up in year-to-date price movement.