Revance Therapeutics, Inc. (RVNC) Stock: Here’s What’s Happening

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Revance Therapeutics, Inc. (RVNC) is trending up in the market in today’s trading session. The stock, one that is focused on the biotechnology industry, is currently trading at $12.30 after gaining 5.49% so far today. When it comes to biotechnology stocks, there are a number of aspects that have the potential to generate gains in the market. News tends to be one of the biggest reasons for the movement. Here are the recent stories surrounding RVNC:

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Oct-08-19 03:30PM We’re Hopeful That Revance Therapeutics (NASDAQ:RVNC) Will Use Its Cash Wisely
Oct-02-19 04:05PM Revance Earns Great Place to Work® Certification for Second Year
Sep-25-19 04:05PM Revance to Participate in the 2019 Cantor Global Healthcare Conference
Sep-04-19 04:05PM Revance to Participate in the Morgan Stanley 17th Annual Global Healthcare Conference
Aug-28-19 04:05PM Revance to Participate in the Wells Fargo 14th Annual Healthcare Conference

Nonetheless, any time investors are making a decision with regard to investing, prospective investors should look at much more than just news, this is especially the case in the highly speculative biotech industry. Here’s what’s going on with Revance Therapeutics, Inc..

The Performance That RVNC Investors Have Experienced

While a move up on a single session, like the move that we’re seeing from Revance Therapeutics, Inc. may cause excitement in some investors, a single session move alone should not be the reason for a decision to, or not to, buy a company’s stock. It’s generally smart to look into trends experienced by the stock further out than a single session. As it relates to RVNC, here are the trends that we have seen:

  • Past 5 Sessions – Throughout the past five trading sessions, RVNC has seen a price change in the amount of -6.12%.
  • Monthly – The ROI from Revance Therapeutics, Inc. in the past 30 days has been -10.31%.
  • Past 3 Months – In the last 3 months, the company has produced a return on investment that comes to -7.24%
  • Bi-Annually – Over the past 6 months, investors have seen a change that equates to -16.95% from the company.
  • Year To Date – Since the the last trading session of last year RVNC has generated a return on investment of -42.08%.
  • Full Year – Finally, over the past full year, we have seen a change amounting to -50.84% out of RVNC. Throughout this period, the stock has traded at a high of -54.26% and a low price of 24.49%.

Ratios To Watch

Looking at various key ratios associated with a stock can give investors a view of how dangerous and/or rewarding a stock pick may be. Below are a few of the key ratios to consider when looking at RVNC.

Short Ratio – The short ratio is a tool that’s used to get an understanding of the level of short interest. As the short ratio heads up, it means that more investors are expecting that the stock is headed for declines. Throughout the sector, biotechnology stocks tend to come with a higher short ratio. On the other hand, we also see quite a few short squeezes in the space. Nonetheless, in relation to Revance Therapeutics, Inc., it’s short ratio is 17.50.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure the company’s abilities to cover its debts when they mature based on quick assets or current assets. In the biotech space, companies rely on the continuation of support from investors, the current and quick ratios can look bad. However, quite a few good picks in the biotech industry do have positive quick and current ratios. When it comes to RVNC, the quick and current ratios come to 5.60 and 5.60 respectively.  

Book To Share Value – The book to share value compares the book value of assets currently owned by the company to the price of shares. In this particular case, the book to share value ratio works out to 4.36.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the price of shares. Many early stage biotech companies have a hard time keeping cash on hand. So, if you’re looking into a biotechnology stock, this is a very important ratio to consider. In this case, the cash to share value works out to 5.49.

Analyst Opinions With Regard To Revance Therapeutics, Inc.

While it’s never a good idea to unknowingly follow the opinions of analysts, it is a smart idea to use their analysis when validating your own opinions when it comes to making an investment decision in the biotech sector. Below you’ll find the recent moves that we have seen from analysts as it relates to RVNC.

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Jun-11-19 Initiated Barclays Overweight $28
Feb-15-19 Initiated Wells Fargo Market Perform
Feb-14-19 Initiated H.C. Wainwright Buy $25
Jan-29-19 Initiated Stifel Buy $50
Nov-16-18 Upgrade Guggenheim Neutral → Buy

Investors Tend To Follow The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in RVNC, here’s what we’re seeing:

  • Institutional Investors – At the moment, institutions hold 85.34% of RVNC. However, it’s worth considering that institutional ownership has seen a move in the amount of 0.41% over the last 3 months.
  • Insider Moves – As far as insiders go, insiders of the company currently own 0.70% of Revance Therapeutics, Inc.. Their ownership of the company has seen a move of 0.00% in the last 3 months.

Looking At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 44.09M shares of Revance Therapeutics, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, RVNC has a float of 42.02M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to RVNC, the short percent of the float is 14.80%.

What We’ve Seen In Financial Results

What have ween seen from RVNC in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – At the moment, Wall Street analysts have expectations that the company will generate earnings per diluted share that totals up to be -4.10, with -0.98 to be reported in the next financial report. Although this data is not earnings driven, because we are talking on the topic of Wall St. analysts, the stock is currently rated a 1.90 considering a scale that ranges from 1 to 5 on which 1 is the poorest Wall St. analyst grade and 5 is the best possible.
  • 5-Year Sales – In the last half decade, Revance Therapeutics, Inc. has created a movement in revenue that works out to be 43.30%. EPS in the last half decade have experienced movement in the amount of 1.30%.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is generally explained in today’s society, RVNC has experienced a change in earnings in the amount of 54.70%. The company has also experienced a change in regard to revenue that adds up to 0.

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