The price of Revolution Medicines Inc (NASDAQ: RVMD) closed at $29.48 in the last session, down -1.60% from day before closing price of $29.96. In other words, the price has decreased by -$0.48 from its previous closing price. On the day, 1308956 shares were traded.
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Ratios:
We take a closer look at RVMD’s different ratios to gain a better understanding of the stock. 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 the company, BofA Securities on January 05, 2024, Upgraded its rating to Buy and sets its target price to $34 from $31 previously.
On January 04, 2024, Wedbush started tracking the stock assigning a Outperform rating and target price of $41.
On November 16, 2023, Raymond James started tracking the stock assigning a Outperform rating and target price of $30.Raymond James initiated its Outperform rating on November 16, 2023, with a $30 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 22 when Cislini Jeff sold 1,500 shares for $27.00 per share. The transaction valued at 40,500 led to the insider holds 36,126 shares of the business.
Kelsey Stephen Michael sold 3,337 shares of RVMD for $96,809 on Jan 08. The insider now owns 221,632 shares after completing the transaction at $29.01 per share. On Jan 02, another insider, Kelsey Stephen Michael, who serves as the insider of the company, sold 13,330 shares for $29.10 each. As a result, the insider received 387,884 and left with 224,969 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 4.93B and an Enterprise Value of 3.17B. For the stock, the TTM Price-to-Sale (P/S) ratio is 417.00 while its Price-to-Book (P/B) ratio in mrq is 2.66. Its current Enterprise Value per Revenue stands at 273.67 whereas that against EBITDA is -7.37.
Stock Price History:
Over the past 52 weeks, RVMD has reached a high of $35.60, while it has fallen to a 52-week low of $15.44. The 50-Day Moving Average of the stock is 28.51, while the 200-Day Moving Average is calculated to be 27.04.
Shares Statistics:
According to the various share statistics, RVMD traded on average about 1.42M shares per day over the past 3-months and 1.53M shares per day over the past 10 days. A total of 164.67M shares are outstanding, with a floating share count of 136.19M. Insiders hold about 16.86% of the company’s shares, while institutions hold 79.42% stake in the company. Shares short for RVMD as of Feb 15, 2024 were 16.96M with a Short Ratio of 11.94, compared to 15.88M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.30% and a Short% of Float of 10.69%.
Earnings Estimates
The company has 10 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.73 for the current quarter, with a high estimate of -$0.64 and a low estimate of -$0.85, while EPS last year was -$0.72. The consensus estimate for the next quarter is -$0.77, with high estimates of -$0.7 and low estimates of -$0.86.
Analysts are recommending an EPS of between -$2.89 and -$3.95 for the fiscal current year, implying an average EPS of -$3.24. EPS for the following year is -$3.36, with 11 analysts recommending between -$2.36 and -$4.02.
