The 36-month beta value for RVMD is at 1.43. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 8 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RVMD is 139.21M, and currently, shorts hold a 11.97% of that float. The average trading volume for RVMD on October 31, 2024 was 1.03M shares.
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RVMD) stock’s latest price update
Revolution Medicines Inc (NASDAQ: RVMD)’s stock price has soared by 0.16 in relation to previous closing price of 50.42. Nevertheless, the company has seen a gain of 4.10% in its stock price over the last five trading days. globenewswire.com reported 2024-10-30 that REDWOOD CITY, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) — Revolution Medicines, Inc. (Nasdaq: RVMD), a clinical-stage oncology company developing targeted therapies for patients with RAS-addicted cancers, today announced that it will report financial results for the third quarter 2024 on Wednesday, November 6, 2024, after market close. At 4:30 p.m. Eastern Time that day (1:30 p.m. Pacific Time), members of Revolution Medicines’ senior management team will host a webcast to discuss the financial results for the quarter and provide an update on corporate progress.
RVMD’s Market Performance
Revolution Medicines Inc (RVMD) has seen a 4.10% rise in stock performance for the week, with a 11.80% gain in the past month and a 11.55% surge in the past quarter. The volatility ratio for the week is 4.50%, and the volatility levels for the past 30 days are at 4.00% for RVMD. The simple moving average for the past 20 days is 3.61% for RVMD’s stock, with a 30.62% 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 10.64% 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 -0.98% of loss for the given period.
Volatility was left at 4.00%, however, over the last 30 days, the volatility rate increased by 4.50%, as shares surge +9.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.49% upper at present.
During the last 5 trading sessions, RVMD rose by +4.10%, which changed the moving average for the period of 200-days by +84.44% in comparison to the 20-day moving average, which settled at $48.74. In addition, Revolution Medicines Inc saw 76.08% 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 Kelsey Stephen Michael, who sale 16,666 shares at the price of $49.49 back on Oct 14 ’24. After this action, Kelsey Stephen Michael now owns 264,408 shares of Revolution Medicines Inc, valued at $824,804 using the latest closing price.
Horn Margaret A, the Chief Operating Officer of Revolution Medicines Inc, sale 50,000 shares at $50.34 during a trade that took place back on Oct 11 ’24, which means that Horn Margaret A is holding 132,320 shares at $2,517,055 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 11114.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 15.42.
Conclusion
In conclusion, Revolution Medicines Inc (RVMD) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
