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Sunday, April 2, 2023

Is Revolution Medicines Inc. (NASDAQ: RVMD) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Revolution Medicines Inc. (RVMD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.43, or 2.07%, to $21.19. The Revolution Medicines Inc. has recorded 31,540 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Revolution Medicines Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $20.76 and fluctuated between $21.51 as its day high and $19.70 as its day low. The current market capitalization of Revolution Medicines Inc. is $2.30B. A total of 1.92 million shares were traded on the day, compared to an average of 1.23M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, RVMD has seen 1 BUY and 4 SELL insider trades, representing the acquisition of 45,000 and the disposition of 3,806 shares. Over the last 12 months, there were 27 BUYs and 22 SELLs from insiders. Insiders purchased 865,476 shares during that period but sold 486,152.

In the most recent transaction, Schroeder Thilo bought 100,000 shares of RVMD for 20.46 per share on Mar 10. After the transaction, the Director now owns 1,553,134 company shares. In a previous transaction on Mar 07, Schroeder Thilo bought 550,000 shares at 22.00 per share. RVMD shares that Director owns now total 1,453,134.

Among the insiders who sold shares, Kelsey Stephen Michael disposed of 1,220 shares on Dec 19 at a per-share price of $22.94. This resulted in the insider holding 287,599 shares of RVMD after the transaction. In another insider transaction, Horn Margaret A sold 1,220 shares at $22.94 per share on Dec 19. Company shares held by the insider now total 61,292.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for RVMD in the last 3 months, the mean price target is $32.56 with high estimates of $38.00 and low estimates of $23.00. In terms of 52-week highs and lows, RVMD has a high of $31.37 and a low of $14.08.

As of this writing, RVMD has an earnings estimate of -$0.82 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$0.68 per share and a lower estimate of -$0.9. The company reported an EPS of -$0.82 in the last quarter, which was 3.50% higher than expectations of -$0.85.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RVMD is Hold with a score of 4.50. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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