Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
After finishing at $39.83 in the prior trading day, Revolution Medicines Inc (NASDAQ: RVMD) closed at $39.96, up 0.33%. In other words, the price has increased by $0.33 from its previous closing price. On the day, 2.62 million shares were traded. RVMD stock price reached its highest trading level at $41.4 during the session, while it also had its lowest trading level at $39.48.
Ratios:
Our goal is to gain a better understanding of RVMD by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 14.24 and its Current Ratio is at 14.24. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on July 16, 2024, Reiterated its Buy rating but revised its target price to $62 from $46 previously.
On July 12, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $52.
On July 08, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $63.Jefferies initiated its Buy rating on July 08, 2024, with a $63 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 16 ’24 when Horn Margaret A sold 4,329 shares for $45.40 per share. The transaction valued at 196,553 led to the insider holds 127,991 shares of the business.
GOLDSMITH MARK A sold 11,714 shares of RVMD for $531,860 on Dec 16 ’24. The insider now owns 325,056 shares after completing the transaction at $45.40 per share. On Dec 16 ’24, another insider, Kelsey Stephen Michael, who serves as the insider of the company, sold 4,663 shares for $45.40 each. As a result, the insider received 211,718 and left with 259,745 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RVMD now has a Market Capitalization of 7384408576 and an Enterprise Value of 5259271680. For the stock, the TTM Price-to-Sale (P/S) ratio is 9846.89 while its Price-to-Book (P/B) ratio in mrq is 4.28. Its current Enterprise Value per Revenue stands at 7087.967 whereas that against EBITDA is -8.461.
Stock Price History:
The Beta on a monthly basis for RVMD is 1.47, which has changed by 0.49962354 over the last 52 weeks, in comparison to a change of 0.22212577 over the same period for the S&P500. Over the past 52 weeks, RVMD has reached a high of $62.40, while it has fallen to a 52-week low of $25.93. The 50-Day Moving Average of the stock is -19.93%, while the 200-Day Moving Average is calculated to be -8.73%.
Shares Statistics:
The stock has traded on average 1.60M shares per day over the past 3-months and 1126730 shares per day over the last 10 days, according to various share statistics. A total of 167.75M shares are outstanding, with a floating share count of 151.66M. Insiders hold about 16.83% of the company’s shares, while institutions hold 81.78% stake in the company. Shares short for RVMD as of 1735603200 were 16292256 with a Short Ratio of 10.15, compared to 1732838400 on 16156619. Therefore, it implies a Short% of Shares Outstanding of 16292256 and a Short% of Float of 9.33.
