Revolve Group Inc (NYSE:RVLV) shares, rose in value, with the stock price up by 1.96% to the previous day’s close as strong demand from buyers drove the stock to $19.81.
Actively observing the price movement in the last trading, the stock closed the session at $19.43. The PE ratio was 52.05 over 12-month period. Referring to stock’s 52-week performance, its high was $23.19, and the low was $12.25. On the whole, RVLV has fluctuated by -3.60% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.1B, with a low estimate of 266M and a high estimate of 276.81M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 271.58M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RVLV’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RVLV currently trading nearly 0.99% and 0.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.23, while the 7-day volatility ratio is showing 3.80% which for the 30-day chart, stands at 3.92%. Furthermore, Revolve Group Inc (RVLV)’s beta value is 2.17, and its average true range (ATR) is 0.84.
A comparison of Revolve Group Inc (RVLV) with its peers suggests the former has fared considerably weaker in the market. RVLV showed an intraday change of 1.96% in last session, and over the past year, it shrunk by -2.61%%.
Data on historical trading for Revolve Group Inc (NYSE:RVLV) indicates that the trading volumes over the past 3 months, they’ve averaged 1.10 million. According to company’s latest data on outstanding shares, there are 38.69 million shares outstanding.
Nearly 46.36% of Revolve Group Inc’s shares belong to company insiders and institutional investors own 67.73% of the company’s shares. The stock has risen by 19.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RVLV stock heading into the next quarter.
