Revlon, Inc. (NYSE:REV) is 1.26 points higher today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has climbed by nearly 7.26% to $18.68 from its previous close of $17.42. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 106656 contracts so far this session. REV shares had a relatively better volume day versus average trading capacity of 130.89 thousand shares, but with a 4.69 million float and a 5.38% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for REV stock indicates that the average analyst price target is $18 per share. This means the stock has a potential decrease of -3.64% from where the REV share price has been trading recently which is between $17.11 and $17.63. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $18.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “How Many Revlon, Inc. (NYSE:REV) Shares Have Insiders Sold, In The Last Year?” and dated September 10, 2019.
During the recent trading session for Revlon, Inc. (NYSE:REV), the company witnessed their stock rise $2.26 over a week and surge $2.38 from the price 20 days ago. When compared to their established 52-week high of $29.62, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 11/09/18. The recent low of $13.58 stood for a -36.92% since 08/15/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.27 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Revlon, Inc., the two-week RSI stands at 62.95. This figure suggests that REV stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current REV readings is similarly very revealing as it has a stochastic reading of 92.03% at this stage. This figure means that REV share price today is being oversold.
Technical chart claims that Revlon, Inc. (REV) would settle between $17.66/share to $17.91/share level. However, if the stock price goes below the $17.14 mark, then the market for Revlon, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $16.87 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.95. 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 Jefferies, assumed coverage of REV assigning Hold rating, according to their opinion released on September 13. BMO Capital Markets analysts bumped their rating on Revlon, Inc. (NYSE:REV) stock from Market Perform to Outperform in a separate flash note issued to investors on November 09. Analysts at BMO Capital Markets, made their first call for the equity with a Market Perform recommendation, according to a research note that dated back to August 28.
REV equity has an average rating of 3, with the figure leaning towards a bullish end. 1 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 0 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. 0 analysts rated Revlon, Inc. (NYSE:REV) 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, REV stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is NA while for the average stock in the same group, the multiple is 26.78. Revlon, Inc. current P/B ratio of NA means it is trading at a premium against its industry’s 3.64.
Revlon, Inc. (REV)’s current-quarter revenues are projected to climb by nearly -2.06% to hit $641900, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over -1.7% from $2.56 billion to a noteworthy $2.52 billion. At the other end of the current quarter income statement, Revlon, Inc. is expected to see its adjusted earnings surge by roughly -692.86% to hit $-0.83 per share. For the fiscal year, REV’s earnings are projected to climb by roughly 18.16% to hit $-3.02 per share.