Revvity Inc. (NYSE:RVTY) has been experiencing
financial turbulence recently having its stock price fluctuate, which has been attributed by market observers to troubling fundamentals.
Investors have registered a 25%-26% loss in the last one year, due, in part, to a consistent earnings decline. This period has also seen major shareholders, including Sequoia Financial Advisors, LLC & Neuberger Berman Group LLC adjusting their holdings. Despite criticism,
Revvity's Q1 and Q4 earnings and revenues beat estimates, and the company's Q1 2024 earnings reportedly look promising. Financial advisors have labeled Revvity's stock a 'moderate buy', influenced, partly, by its potential. Most notably, the company is undergoing a reorganization and has declared a quarterly dividend. Alongside these developments, Revvity announced a new license agreement for next-generation base editing technology.
Revvity RVTY News Analytics from Tue, 09 May 2023 07:00:00 GMT to Sun, 07 Jul 2024 16:36:22 GMT -
Rating -2
- Innovation 1
- Information 7
- Rumor -5
