In yesterday’s Wall Street session, Revance Therapeutics Inc (NASDAQ:RVNC) shares traded at $6.59, down -0.15% from the previous session.
RVNC stock price is now 105.48% away from the 50-day moving average and 27.35% away from the 200-day moving average. The market capitalization of the company currently stands at $688.33M.
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With the price target reduced from $16 to $9, Mizuho Downgraded its rating from Buy to Neutral for Revance Therapeutics Inc (NASDAQ: RVNC). On January 09, 2024, Goldman Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $30 to quote $8, while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
In other news, Jordan Erica, Chief Commercial Officer sold 2,392 shares of the company’s stock on Apr 16 ’24. The stock was sold for $9,096 at an average price of $3.80. Upon completion of the transaction, the Chief Commercial Officer now directly owns 114,864 shares in the company, valued at $0.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, CFO Schilke Tobin sold 9,361 shares of the business’s stock. A total of $47,204 was realized by selling the stock at an average price of $5.04. This leaves the insider owning 192,666 shares of the company worth $1.27 million. A total of 8.72% of the company’s stock is owned by insiders.
During the past 12 months, Revance Therapeutics Inc has had a low of $2.30 and a high of $20.38. The fifty day moving average price for RVNC is $3.2821 and a two-hundred day moving average price translates $5.1668 for the stock.
The latest earnings results from Revance Therapeutics Inc (NASDAQ: RVNC) was released for 2024-06-30. The net profit margin was -117.88% and return on equity was -2096.78% for RVNC. The company reported revenue of $65.39 million for the quarter, compared to $54.41 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.17 percent. For the current quarter, analysts expect RVNC to generate $68.88M in revenue.
