Revolve Group, Inc. (NYSE:RVLV) is one of the stocks that are grabbing investor focus today: sinking -7.07% or (-1.82 points) to $23.93 from its previous close of $25.75. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 265165 contracts so far this session. RVLV shares had a relatively better volume day versus average trading capacity of 2.25 million shares, but with a 13.53 million float and a -20.33% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for RVLV stock indicates that the average analyst price target is $42.38 per share. This means the stock has a potential increase of 77.1% from where the RVLV share price has been trading recently which is between $25.34 and $27.24. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $29.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Jim Cramer Shares His Thoughts On Delta Air Lines, Okta And More” and dated August 13, 2019.
Looking at the current readings for Revolve Group, Inc., the two-week RSI stands at 25.63. This figure suggests that RVLV stock, for now, is overbought, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current RVLV readings is similarly very revealing as it has a stochastic reading of 5.23% at this stage. This figure means that RVLV share price today is being overbought.
Technical chart claims that Revolve Group, Inc. (RVLV) would settle between $26.88/share to $28.01/share level. However, if the stock price goes below the $24.98 mark, then the market for Revolve Group, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $24.21 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -3.42. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at William Blair, assumed coverage of RVLV assigning Outperform rating, according to their opinion released on July 02. Raymond James, analysts launched coverage of Revolve Group, Inc. (NYSE:RVLV) stock with a Outperform recommendation, according to their flash note issued to investors on July 02. Analysts at Morgan Stanley, made their first call for the equity with a Overweight recommendation, according to a research note that dated back to July 02.
RVLV equity has an average rating of 1.89, with the figure leaning towards a bullish end. 9 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 7 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 7 analysts rated Revolve Group, Inc. (NYSE:RVLV) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, RVLV stock price is currently trading at 34.11X forward 12-month Consensus EPS estimates, and its P/S ratio is 4.63 while for the average stock in the same group, the multiple is 2.25. Revolve Group, Inc. current P/E ratio of 123.81 means it is trading at a premium against its industry’s 38.29. In the past 5 years, this ratio for the stock has been fluctuating between 0 and 0.