Revolution Medicines Inc (NASDAQ: RVMD)’s stock price has increased by 4.35 compared to its previous closing price of 44.06. However, the company has seen a 9.54% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-11 that Revolution Medicines, Inc. (NASDAQ:RVMD ) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Ryan Asay – Senior Vice President of Corporate Affairs Mark Goldsmith – Chairman and Chief Executive Officer Jack Anders – Chief Financial Officer Steve Kelsey – President of R&D Wei Lin – Chief Medical Officer Conference Call Participants Marc Frahm – TD Cowen Michael Schmidt – Guggenheim Eric Joseph – JPMorgan Jonathan Chang – Leerink Partners Chris Shibutani – Goldman Sachs Eliana Merle – UBS Alec Stranahan – Bank of America Kelly Shi – Jefferies Jay Olson – Oppenheimer Laura Prendergast – Raymond James Joseph Catanzaro – Piper Sandler Operator Good day and thank you for standing by. Welcome to Revolution Medicine’s Q2 2024 Earnings Conference Call.
Is It Worth Investing in Revolution Medicines Inc (NASDAQ: RVMD) Right Now?
The stock has a 36-month beta value of 1.43. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 8 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for RVMD is 139.18M, and at present, short sellers hold a 11.86% of that float. On September 19, 2024, the average trading volume of RVMD was 1.36M shares.
RVMD’s Market Performance
The stock of Revolution Medicines Inc (RVMD) has seen a 9.54% increase in the past week, with a 6.06% rise in the past month, and a 22.47% gain in the past quarter. The volatility ratio for the week is 3.37%, and the volatility levels for the past 30 days are at 3.54% for RVMD. The simple moving average for the past 20 days is 6.99% for RVMD’s stock, with a 29.26% simple moving average for the past 200 days.
Analysts’ Opinion of RVMD
Many brokerage firms have already submitted their reports for RVMD stocks, with Needham repeating the rating for RVMD by listing it as a “Buy.” The predicted price for RVMD in the upcoming period, according to Needham is $62 based on the research report published on July 16, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see RVMD reach a price target of $52. The rating they have provided for RVMD stocks is “Overweight” according to the report published on July 12th, 2024.
Jefferies gave a rating of “Buy” to RVMD, setting the target price at $63 in the report published on July 08th of the current year.
RVMD Trading at 4.69% from the 50-Day Moving Average
After a stumble in the market that brought RVMD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.42% of loss for the given period.
Volatility was left at 3.54%, however, over the last 30 days, the volatility rate increased by 3.37%, as shares surge +1.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.76% upper at present.
During the last 5 trading sessions, RVMD rose by +10.03%, which changed the moving average for the period of 200-days by +88.49% in comparison to the 20-day moving average, which settled at $43.02. In addition, Revolution Medicines Inc saw 60.30% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RVMD starting from Anders Jack, who sale 2,244 shares at the price of $44.19 back on Sep 16 ’24. After this action, Anders Jack now owns 98,932 shares of Revolution Medicines Inc, valued at $99,152 using the latest closing price.
GOLDSMITH MARK A, the of Revolution Medicines Inc, sale 11,715 shares at $44.19 during a trade that took place back on Sep 16 ’24, which means that GOLDSMITH MARK A is holding 300,170 shares at $517,631 based on the most recent closing price.
Stock Fundamentals for RVMD
Current profitability levels for the company are sitting at:
- -809.61 for the present operating margin
- -13.24 for the gross margin
The net margin for Revolution Medicines Inc stands at -699.74. The total capital return value is set at -0.35. Equity return is now at value -40.73, with -36.03 for asset returns.
Based on Revolution Medicines Inc (RVMD), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -5.83. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -64.67.
Currently, EBITDA for the company is -477.88 million with net debt to EBITDA at 0.32. When we switch over and look at the enterprise to sales, we see a ratio of 10007.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 15.42.
Conclusion
To sum up, Revolution Medicines Inc (RVMD) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
