The closing price of Revolution Medicines Inc (NASDAQ: RVMD) was $30.36 for the day, down -1.65% from the previous closing price of $30.87. In other words, the price has decreased by -$0.51 from its previous closing price. On the day, 833801 shares were traded.
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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, Piper Sandler on March 11, 2024, initiated with a Overweight rating and assigned the stock a target price of $43.
On January 05, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $31 to $34.
On January 04, 2024, Wedbush started tracking the stock assigning a Outperform rating and target price of $41.Wedbush initiated its Outperform rating on January 04, 2024, with a $41 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 Mar 18 ’24 when GOLDSMITH MARK A sold 5,788 shares for $31.58 per share. The transaction valued at 182,804 led to the insider holds 460,379 shares of the business.
Horn Margaret A sold 2,914 shares of RVMD for $92,033 on Mar 18 ’24. The Chief Operating Officer now owns 139,553 shares after completing the transaction at $31.58 per share. On Mar 18 ’24, another insider, Kelsey Stephen Michael, who serves as the insider of the company, sold 2,123 shares for $31.58 each. As a result, the insider received 67,051 and left with 270,909 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 5.08B and an Enterprise Value of 3.32B. For the stock, the TTM Price-to-Sale (P/S) ratio is 431.78 while its Price-to-Book (P/B) ratio in mrq is 2.74. Its current Enterprise Value per Revenue stands at 286.33 whereas that against EBITDA is -7.71.
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 29.73, while the 200-Day Moving Average is calculated to be 27.52.
Shares Statistics:
RVMD traded an average of 1.43M shares per day over the past three months and 2.15M shares per day over the past ten days. A total of 164.67M shares are outstanding, with a floating share count of 136.41M. Insiders hold about 17.17% of the company’s shares, while institutions hold 78.98% stake in the company. Shares short for RVMD as of Feb 29, 2024 were 17.15M with a Short Ratio of 11.95, compared to 16.95M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.41% and a Short% of Float of 10.81%.
Earnings Estimates
The firm’s stock currently is rated by 10 analysts. On average, analysts expect EPS of -$0.74 for the current quarter, with a high estimate of -$0.67 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 -$2.99 and -$3.53 for the fiscal current year, implying an average EPS of -$3.18. EPS for the following year is -$3.47, with 10 analysts recommending between -$2.85 and -$4.02.
