The stock of Revolve Group Inc. (NYSE:RVLV) decreased by -$0.02 on Friday to finish at $17.00, down -0.12 percent. The last five days have seen an average of 1,261,520 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$5.26. The average number of shares traded over the last 20 days was 1,554,815, while the average volume over the last 50 days totaled 1,505,186.
RVLV stock dropped -7.96% since last month. On 08/03/23, the company’s shares reached a one-month low of $16.80. The stock touched a high of $32.59 on 02/02/23, after rallying from a low of $14.95 in 52 weeks. The price of RVLV stock has declined by -23.63% or -$5.26 this year, reaching a new high 13 times. Still, the stock price is down -47.84% from the 52-week high.
Valuation Metrics
Revolve Group Inc. (RVLV) has a trailing price-to-earnings (P/E) ratio of 30.58. Beta for the stock is 2.16. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.16, the price-to-book (PB) ratio of 3.07, and the price-to-cash flow ratio of 43.27.
Financial Health
For the three months ended June 29, Revolve Group Inc.’s quick ratio was 1.90, while its current ratio was 3.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 52.00% percent. Revolve Group Inc.’s operating margin stood at 4.20% for the same period. Based on annual data, it had gross profit of $592.32 million and revenue of $1.1 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RVLV’s return on assets (ROA) during the last 12 months has been 6.80%. There was a 14.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.70%.
Earnings Surprise
According to Revolve Group Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $273.73 million, while revenues fell by -5.96% to $279.61 million. It was predicted that Revolve Group Inc.’s quarterly earnings would be $0.1, but it ended up being $0.07, beating the consensus by 42.90%. EBITDA was $8.6 million for the quarter. At the end of Revolve Group Inc.’s most recent quarter ended June 29, its liabilities totaled 223.16 million, while its total debt was $42.88 million. Equity owned by shareholders amounts to $73.48 million.
Technical Picture
Here’s a quick look at Revolve Group Inc.’s (RVLV) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 31.47%, suggesting the stock is Neutral, with a 28.80% historical volatility rate.
The stochastic %K and %D were 10.75% and 15.82% respectively, while the average true range (ATR) was 0.83. Based on the 14-day stochastic reading of 5.97%, the RSI (14) reading is 39.58%. On the 9-day MACD Oscillator, the stock is at -0.49, and the 14-day reading is at -1.04.
Analyst Ratings
Revolve Group Inc. (NYSE: RVLV) was downgraded by TD Cowen to a a Market perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Revolve Group Inc. (RVLV) an Overweight rating. RVLV is a stock that is recommended for selling by 1 brokerage firm, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 7 others recommend it as a buy.
What is RVLV’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.00 and $22.00, with a median target price of $20.00. In analyzing these forecasts, the average price target given by analysts for Revolve Group Inc. (RVLV) is $19.40.
