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The closing price of Revolution Medicines Inc (NASDAQ: RVMD) was $46.77 for the day, down -2.44% from the previous closing price of $47.94. In other words, the price has decreased by -$2.44 from its previous closing price. On the day, 1.76 million shares were traded. RVMD stock price reached its highest trading level at $48.27 during the session, while it also had its lowest trading level at $46.69.
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 18.45 and its Current Ratio is at 18.45. 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 Jul 15 ’24 when Kelsey Stephen Michael sold 16,667 shares for $46.47 per share. The transaction valued at 774,516 led to the insider holds 269,073 shares of the business.
GOLDSMITH MARK A sold 25,000 shares of RVMD for $1,126,205 on Jul 12 ’24. The insider now owns 311,885 shares after completing the transaction at $45.05 per share. On Jul 12 ’24, another insider, GOLDSMITH MARK A, who serves as the insider of the company, sold 10,000 shares for $45.01 each. As a result, the insider received 450,117 and left with 25,424 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 7909462016 and an Enterprise Value of 6100894720. For the stock, the TTM Price-to-Sale (P/S) ratio is 1688.53 while its Price-to-Book (P/B) ratio in mrq is 4.47. Its current Enterprise Value per Revenue stands at 1336.157 whereas that against EBITDA is -11.687.
Stock Price History:
The Beta on a monthly basis for RVMD is 1.45, which has changed by 0.8478862 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. 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 16.86%, while the 200-Day Moving Average is calculated to be 49.18%.
Shares Statistics:
RVMD traded an average of 1.52M shares per day over the past three months and 2718490 shares per day over the past ten days. A total of 164.67M shares are outstanding, with a floating share count of 137.27M. Insiders hold about 16.80% of the company’s shares, while institutions hold 82.65% stake in the company. Shares short for RVMD as of 1719532800 were 16092270 with a Short Ratio of 10.57, compared to 1717113600 on 14810082. Therefore, it implies a Short% of Shares Outstanding of 16092270 and a Short% of Float of 10.3999995.
