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The closing price of Revolution Medicines Inc (NASDAQ: RVMD) was $45.98 for the day, up 1.79% from the previous closing price of $45.17. In other words, the price has increased by $1.79 from its previous closing price. On the day, 0.9 million shares were traded. RVMD stock price reached its highest trading level at $46.23 during the session, while it also had its lowest trading level at $43.975.
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 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:
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 Oct 01 ’24 when MARK A GOLDSMITH bought 10,000 shares for $45.35 per share.
Anders Jack sold 2,244 shares of RVMD for $99,152 on Sep 16 ’24. The Chief Financial Officer now owns 98,932 shares after completing the transaction at $44.19 per share. On Sep 16 ’24, another insider, GOLDSMITH MARK A, who serves as the insider of the company, sold 11,715 shares for $44.19 each. As a result, the insider received 517,631 and left with 300,170 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 7680453632 and an Enterprise Value of 6177146368. For the stock, the TTM Price-to-Sale (P/S) ratio is 10379.05 while its Price-to-Book (P/B) ratio in mrq is 4.70. Its current Enterprise Value per Revenue stands at 8324.995 whereas that against EBITDA is -10.847.
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 5.09%, while the 200-Day Moving Average is calculated to be 26.04%.
Shares Statistics:
RVMD traded an average of 1.32M shares per day over the past three months and 1351410 shares per day over the past ten days. A total of 164.67M shares are outstanding, with a floating share count of 139.20M. Insiders hold about 16.67% of the company’s shares, while institutions hold 87.10% stake in the company. Shares short for RVMD as of 1726185600 were 17165007 with a Short Ratio of 13.04, compared to 1723680000 on 16837310. Therefore, it implies a Short% of Shares Outstanding of 17165007 and a Short% of Float of 10.95.
