Investors Getting Picky When It Comes To Buying Revolve Group Inc (RVLV)

Revolve Group Inc (NYSE:RVLV) does about 1.14M shares in volume on a normal day but saw 951048 shares change hands in Tuesday’s trading. The company now has a market cap of 1.61B USD. Its current market price is $22.76, marking an increase of 4.40% compared to the previous close of $21.80. The 52 week high reached by this stock is $23.19 whilst the lowest price level in 52 weeks is $12.25.

Revolve Group Inc (RVLV) has a 20-day trading average at $20.27 and the current price is -1.85% off the 52-week high compared with 85.80% distance from its 52-week low. The 50-day simple moving average of the closing price is $20.30 and its 200-day simple moving average is $16.49. If we look at the stock’s price movements over the week, volatility stands at 5.38%, which decreases to 4.09% 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 70.68 to suggest the stock is overbought.

The consensus objective for the share price is $20.87, suggesting that the stock has a potential downside of -9.06% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 21, 2024 when TD Cowen upgraded the stock to “Outperform” and issued a price target of between $23 and $25. Raymond James also upgraded the stock to “Outperform” from Mkt Perform on February 28, 2024 at a price target of $21. Piper Sandler upgraded its price target at $16-$21.

Revolve Group Inc (RVLV) stock is up 7.61% over the week and 20.74% over the past month. Its price is 37.27% year-to-date and 30.28% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -9.06 percent from here.

The company has a return on investment of 5.86% and return on equity of 6.32%. The price to earnings ratio (P/E ratio) amounts to 66.53 while the forward price to earnings ratio is 34.61. The beta has a value of 2.16. Price to book ratio is 4.13 and price to sales ratio is 1.52.