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Revolution Medicines Inc (NASDAQ: RVMD) closed the day trading at $40.68 up 2.26% from the previous closing price of $39.78. In other words, the price has increased by $2.26 from its previous closing price. On the day, 1.02 million shares were traded. RVMD stock price reached its highest trading level at $41.05 during the session, while it also had its lowest trading level at $39.19.
Ratios:
For a better understanding of RVMD, let’s look at its different ratios. 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 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 03 ’24 when GOLDSMITH MARK A sold 7,500 shares for $39.99 per share. The transaction valued at 299,942 led to the insider holds 322,322 shares of the business.
Cislini Jeff sold 1,500 shares of RVMD for $58,671 on May 21 ’24. The General Counsel now owns 52,874 shares after completing the transaction at $39.11 per share. On May 03 ’24, another insider, Anders Jack, who serves as the Chief Financial Officer of the company, sold 10,000 shares for $40.03 each. As a result, the insider received 400,260 and left with 101,959 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 6711630336 and an Enterprise Value of 5096128512. For the stock, the TTM Price-to-Sale (P/S) ratio is 1468.66 while its Price-to-Book (P/B) ratio in mrq is 3.89. Its current Enterprise Value per Revenue stands at 1116.104 whereas that against EBITDA is -9.762.
Stock Price History:
Over the past 52 weeks, RVMD has reached a high of $41.21, while it has fallen to a 52-week low of $15.44. The 50-Day Moving Average of the stock is 11.94%, while the 200-Day Moving Average is calculated to be 36.56%.
Shares Statistics:
Over the past 3-months, RVMD traded about 1.42M shares per day on average, while over the past 10 days, RVMD traded about 1163080 shares per day. A total of 164.67M shares are outstanding, with a floating share count of 137.16M. Insiders hold about 16.87% of the company’s shares, while institutions hold 82.68% stake in the company. Shares short for RVMD as of 1715731200 were 12939578 with a Short Ratio of 9.11, compared to 1713139200 on 12493441. Therefore, it implies a Short% of Shares Outstanding of 12939578 and a Short% of Float of 8.36.
