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The latest update is out from RVRC Holding AB ( (SE:RVRC) ).
RevolutionRace’s Board of Directors has decided to repurchase its own shares on Nasdaq Stockholm, a move aimed at adjusting the company’s capital structure and enhancing shareholder value. This strategic decision allows the company to potentially finance future acquisitions using its shares, reflecting a proactive approach to capital management and growth opportunities.
The most recent analyst rating on (SE:RVRC) stock is a Hold with a SEK67.00 price target. To see the full list of analyst forecasts on RVRC Holding AB stock, see the SE:RVRC Stock Forecast page.
More about RVRC Holding AB
RVRC Holding AB, known as RevolutionRace, is a rapidly expanding outdoor brand that offers multifunctional products such as clothing, shoes, backpacks, and accessories designed for active lifestyles. The company aims to provide high-quality, colorful, and affordable outdoor products with excellent design and fit, operating under the tagline ‘Nature is our playground.’ RevolutionRace utilizes a digital direct-to-consumer business model, reaching customers in about 40 countries, and has been listed on Nasdaq Stockholm since 2021.
Average Trading Volume: 594,908
Technical Sentiment Signal: Buy
Current Market Cap: SEK6.55B
See more data about RVRC stock on TipRanks’ Stock Analysis page.