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The closing price of Revolution Medicines Inc (NASDAQ: RVMD) was $38.31 for the day, down -1.47% from the previous closing price of $38.88. In other words, the price has decreased by -$1.47 from its previous closing price. On the day, 0.92 million shares were traded. RVMD stock price reached its highest trading level at $38.955 during the session, while it also had its lowest trading level at $38.04.
Ratios:
Our analysis of RVMD’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 13.06 and its Current Ratio is at 13.06. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
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 April 12, 2024, Reiterated its Buy rating but revised its target price to $46 from $36 previously.
On April 10, 2024, Raymond James Upgraded its rating to Strong Buy which previously was Outperform and also upped its target price recommendation from $36 to $48.
On March 11, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $43.Piper Sandler initiated its Overweight rating on March 11, 2024, with a $43 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 03 ’24 when Anders Jack sold 10,000 shares for $40.03 per share. The transaction valued at 400,260 led to the insider holds 101,959 shares of the business.
GOLDSMITH MARK A sold 10,000 shares of RVMD for $353,346 on Apr 10 ’24. The insider now owns 30,424 shares after completing the transaction at $35.33 per share. On Apr 10 ’24, another insider, GOLDSMITH MARK A, who serves as the insider of the company, sold 7,500 shares for $35.48 each. As a result, the insider received 266,122 and left with 452,879 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 6531586560 and an Enterprise Value of 4638152192. For the stock, the TTM Price-to-Sale (P/S) ratio is 564.03 while its Price-to-Book (P/B) ratio in mrq is 3.45. Its current Enterprise Value per Revenue stands at 400.531 whereas that against EBITDA is -10.156.
Stock Price History:
Over the past 52 weeks, RVMD has reached a high of $40.21, while it has fallen to a 52-week low of $15.44. The 50-Day Moving Average of the stock is 14.17%, while the 200-Day Moving Average is calculated to be 32.67%.
Shares Statistics:
RVMD traded an average of 1.48M shares per day over the past three months and 1179090 shares per day over the past ten days. A total of 164.67M shares are outstanding, with a floating share count of 141.30M. Insiders hold about 17.12% of the company’s shares, while institutions hold 76.48% stake in the company. Shares short for RVMD as of 1713139200 were 12493441 with a Short Ratio of 8.41, compared to 1710460800 on 16404092. Therefore, it implies a Short% of Shares Outstanding of 12493441 and a Short% of Float of 7.8.
