The stock of Revolve Group, Inc. (NYSE:RVLV) is now priced at $21.46 and the shares are 1.38 points up or 6.87% higher compared to its previous closing price of $20.08. The stock had 2.181 million contracts set over the past session. RVLV shares’ daily volume is compared to its average trading volume at 1.35 million shares. However, it has a float of 15.72 million and although its performance was 4.73% over the week, it’s one to watch. Analysts have given the RVLV stock a yearly average price target of $24.67 per share. It means the stock’s upside potential is 14.96% with the RVLV share price recently placing at $19.9201 to $22.05. However, some brokerage firms have priced the stock below the average, including one that has called $18.
The shorts are running away from the Revolve Group, Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the RVLV shares have declined. Short interest in the stock represents just 46.1% of its float, but the volume has dropped by 0.
In the last trading session, Revolve Group, Inc. (NYSE:RVLV) raised by $0.97 over the week and gained $5.27 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $26.69. The stock recorded its established 52-week high on 09/16/19.
Since 03/19/20, the stock has traded to a low of $7.17 at 199.3%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, Revolve Group, Inc.’s two-week RSI is 62.35. This suggests that the stock is neutral at the moment and that RVLV shares’ price movement remains stable. The stochastic readings are equally revealing at 37.67% meaning the RVLV share price is currently in neutral territory.
The technical chart shows that the RVLV stock will likely settle at between $22.37 and $23.27 per share. However, if the stock dips below $20.24, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $19.01.
Currently, the stock is trading in the green of MACD, with a reading of 0.22. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Raymond James raised their recommendation for RVLV from Outperform to Strong Buy in August 13 review while maintain their target price of $18 to $32. B. Riley FBR analysts see the stock as a Buy, but they also raised the share’s target price from $13 to $17 in a flash note released to investors on May 14. Jefferies seeing the stock struggling downgraded it from Buy to Hold on March 19 placing it at $9.
The average rating for the RVLV equity is 2.29 and is currently gathering a bullish momentum. Of 14 analysts tracking Revolve Group, Inc. polled by Reuters, 7 rated RVLV as a hold. The remaining 7 analysts were split evenly. However, the split wasn’t equal as a majority (7) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the RVLV stock price is 31.37X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 31.6 below the group’s average of 71.3. Revolve Group, Inc. has its P/E ratio at 9.8, which means that the stock is currently trading at a discount relative to the 15.2 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Revolve Group, Inc. (NYSE:RVLV) will decrease by about -99.89%, which will see them reach $158 million. The company’s full-year revenues are, however, expected to increase by about 0.22%, up from $601 million to $602 million. RVLV’s expected adjusted earnings should surge almost 0% to end up at $0.13 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 2% to record $0.51/share.