For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Revolution Medicines Inc’s stock clocked out at $36.26, down -0.47% from its previous closing price of $36.43. In other words, the price has decreased by -$0.47 from its previous closing price. On the day, 1.37 million shares were traded. RVMD stock price reached its highest trading level at $37.8699 during the session, while it also had its lowest trading level at $36.24.
Ratios:
To gain a deeper understanding of RVMD’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 10 ’24 when GOLDSMITH MARK A sold 10,000 shares for $35.33 per share. The transaction valued at 353,346 led to the insider holds 30,424 shares of the business.
GOLDSMITH MARK A sold 7,500 shares of RVMD for $266,122 on Apr 10 ’24. The insider now owns 452,879 shares after completing the transaction at $35.48 per share. On Apr 10 ’24, another insider, Patel Sushil, who serves as the Director of the company, sold 2,155 shares for $37.00 each. As a result, the insider received 79,735 and left with 15,700 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 5971659264 and an Enterprise Value of 4234660608. For the stock, the TTM Price-to-Sale (P/S) ratio is 515.69 while its Price-to-Book (P/B) ratio in mrq is 3.27. Its current Enterprise Value per Revenue stands at 365.687 whereas that against EBITDA is -9.273.
Stock Price History:
Over the past 52 weeks, RVMD has reached a high of $38.73, while it has fallen to a 52-week low of $15.44. The 50-Day Moving Average of the stock is 14.01%, while the 200-Day Moving Average is calculated to be 28.21%.
Shares Statistics:
It appears that RVMD traded 1.44M shares on average per day over the past three months and 1665650 shares per day over the past ten days. A total of 164.67M shares are outstanding, with a floating share count of 136.49M. Insiders hold about 17.12% of the company’s shares, while institutions hold 79.18% stake in the company. Shares short for RVMD as of 1711584000 were 12000365 with a Short Ratio of 8.31, compared to 1709164800 on 17150136. Therefore, it implies a Short% of Shares Outstanding of 12000365 and a Short% of Float of 7.5600000000000005.
