Momentum Is Strong For Revance Therapeutics Inc (NASDAQ: RVNC)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Revance Receives Permanent J-Code for DAXXIFY® and Announces Publication of DAXXIFY Pivotal Study (ASPEN-1) Results in Neurology®.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Revance Therapeutics Inc is $475.93M. A total of 1.67 million shares were traded on the day, compared to an average of 1.63M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, RVNC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 16 BUYs and 30 SELLs from insiders. Insiders purchased 218,986 shares during that period but sold 484,469.

In the most recent transaction, Moxie Dwight sold 11,000 shares of RVNC for 17.06 per share on Sep 06. After the transaction, the SVP, GC & Secretary now owns 44,066 company shares. In a previous transaction on Sep 05, Moxie Dwight sold 23,853 shares at 17.81 per share. RVNC shares that SVP, GC & Secretary owns now total 55,066.

Among the insiders who sold shares, Foley Mark J disposed of 26,279 shares on Aug 03 at a per-share price of $22.57. This resulted in the CEO holding 840,375 shares of RVNC after the transaction. In another insider transaction, Foley Mark J sold 26,279 shares at $24.94 per share on Jul 03. Company shares held by the CEO now total 866,654.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for RVNC in the last 3 months, the mean price target is $17.73 with high estimates of $42.00 and low estimates of $8.00. In terms of 52-week highs and lows, RVNC has a high of $37.98 and a low of $5.00.

As of this writing, RVNC has an earnings estimate of -$0.72 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.45 per share and a lower estimate of -$1.01. The company reported an EPS of -$0.8 in the last quarter, which was -2.60% lower than expectations of -$0.78.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. RVNC’s latest balance sheet shows that the firm has $225.07M in Cash & Short Term Investments as of fiscal 2021. There were $324.51M in debt and $67.29M in liabilities at the time. Its Book Value Per Share was -$1.21, while its Total Shareholder’s Equity was $68.47M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RVNC is Buy with a score of 4.18.

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