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Revolution Medicines Inc (NASDAQ: RVMD) closed the day trading at $46.18 up 4.81% from the previous closing price of $44.06. In other words, the price has increased by $4.81 from its previous closing price. On the day, 1.27 million shares were traded. RVMD stock price reached its highest trading level at $46.6 during the session, while it also had its lowest trading level at $44.51.
Ratios:
For a better understanding of RVMD, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 15.42 and its Current Ratio is at 15.42. In the meantime, Its Debt-to-Equity ratio is 0.05 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 Sep 16 ’24 when Anders Jack sold 2,244 shares for $44.19 per share. The transaction valued at 99,152 led to the insider holds 98,932 shares of the business.
GOLDSMITH MARK A sold 11,715 shares of RVMD for $517,631 on Sep 16 ’24. The insider now owns 300,170 shares after completing the transaction at $44.19 per share. On Sep 16 ’24, another insider, Horn Margaret A, who serves as the Chief Operating Officer of the company, sold 4,331 shares for $44.19 each. As a result, the insider received 191,367 and left with 132,320 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 7713861632 and an Enterprise Value of 6210554368. For the stock, the TTM Price-to-Sale (P/S) ratio is 10424.20 while its Price-to-Book (P/B) ratio in mrq is 4.73. Its current Enterprise Value per Revenue stands at 8370.019 whereas that against EBITDA is -10.906.
Stock Price History:
Over the past 52 weeks, RVMD has reached a high of $48.61, while it has fallen to a 52-week low of $15.44. The 50-Day Moving Average of the stock is 5.16%, while the 200-Day Moving Average is calculated to be 29.84%.
Shares Statistics:
Over the past 3-months, RVMD traded about 1.36M shares per day on average, while over the past 10 days, RVMD traded about 843520 shares per day. A total of 164.67M shares are outstanding, with a floating share count of 139.18M. Insiders hold about 16.68% of the company’s shares, while institutions hold 87.07% stake in the company. Shares short for RVMD as of 1724976000 were 16505419 with a Short Ratio of 12.09, compared to 1722384000 on 16143542. Therefore, it implies a Short% of Shares Outstanding of 16505419 and a Short% of Float of 10.5299994.
