Revolve Group Inc. (NYSE:RVLV) does about 1.28M shares in volume on a normal day but saw 3915639 shares change hands in Friday trading. The company now has a market cap of 1.65B USD and an enterprise value of about $1.56B. Its current market price is $22.29, marking a decrease of -6.34% compared to the previous close of $23.80. The 52 week high reached by this stock is $26.69 whilst the lowest price level in 52 weeks is $7.17. The script in recent trading has seen the stock touch a high of $24.41 and a low of $22.16.
Revolve Group Inc. (RVLV) has a 20-day trading average at $17.35 and the current price is -16.49% off the 52-week high compared with 210.88% distance from its 52-week low. The 50-day simple moving average of the closing price is $16.53 and its 200-day simple moving average is $15.49. If we look at the stock’s price movements over the week, volatility stands at 9.41%, which decreases to 5.83% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.26 to suggest the stock is overbought.
14 analysts observing the Revolve Group Inc. (RVLV) stock have set the 12-month price targets for the company’s shares at between $18.00 and $32.00. The consensus objective for the share price is $24.67, suggesting that the stock has a potential upside of 9.65% over the period. The median price target is 10.84% away from the current levels at $25.00.
FactSet Research has provided data showing that 14 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 6 analysts have rated it as a buy and 7 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 13, 2020 when Raymond James upgraded the stock to “Strong Buy” and issued a price target of between $18 and $32. Jefferies downgraded its price target at $9.
The current price level is 30.87%, 35.68%, and 43.99% away from its SMA20, SMA50, and SMA200 respectively, with the RVLV price moving below the 50-day SMA on August 14. Revolve Group Inc. (RVLV) stock is up 26.36% over the week and 39.05% over the past month. Its price is 21.41% year-to-date and -8.91% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.2 above consensus estimates by $0.18. The company’s next earnings report is expected on 11/05/2020, with forecasts estimating quarterly EPS at $0.13 and $0.51 for whole year. RVLV’s earnings per share are forecast to grow by 2.00% this year and 33.30% over next year. Expected sales for next quarter are $153.68 million, which analysts say will come at $597.92 million for the current fiscal year and next year at $712.93 million. In addition, estimates put the company’s current quarterly revenue at an average of $156.24 million.
Its 12-month price target is $25.00. To reach the target analysts have set, the stock logically needs to grow 9.65 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $18.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $32.00.
Outstanding shares total 69.42M with insiders holding 1.26% of the shares and institutional holders owning 95.91% of the company’s common stock. The company has a return on investment of 28.00% and return on equity of 27.00%. The price to earnings ratio (P/E ratio) amounts to 43.71 while the forward price to earnings ratio is 32.59. Price to book ratio is 10.22 and price to sales ratio is 2.80.
According to a U.S. Securities and Exchange Commission filing, Amplify Online Retail ETF has added its position in Revolve Group Inc. (RVLV) to 1,506,843 shares, mirroring a recent increase by 3.76%. Amplify Online Retail ETF added 54649.0 shares of Revolve Group Inc. common stock bringing its total worth to about $24.67 million at the end of recent close, SEC documents show. Amplify Online Retail ETF isn’t the only investment manager who changed stakes and is followed by ClearBridge Small Cap Growth Fund, which sold off -0.3 million shares to end up with 1,018,350 shares worth $16.67 million. Federated Hermes Kaufmann Small C cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 3.30% position in Revolve Group Inc. thanks to 0.52 million shares amounting to $8.51 million.