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Tuesday, June 6, 2023

Value Investing Philosophy And Revolution Medicines Inc. (NASDAQ: RVMD)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Revolution Medicines Inc. (RVMD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.98, or 3.87%, to $26.29. The Revolution Medicines Inc. has recorded 10,753 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Revolution Medicines to Participate in TD Cowen 4th Annual Oncology Innovation Summit.

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Stocks Info

RVMD belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. At the end of the last regular session, the stock closed at $25.31 and fluctuated between $26.26 as its day high and $25.15 as its day low. The current market capitalization of Revolution Medicines Inc. is $2.64B. A total of 0.81 million shares were traded on the day, compared to an average of 1.25M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, RVMD has seen 9 BUY and 4 SELL insider trades, representing the acquisition of 889,600 and the disposition of 3,839 shares. Over the last 12 months, there were 22 BUYs and 21 SELLs from insiders. Insiders purchased 1,311,936 shares during that period but sold 487,927.

In the most recent transaction, Kelsey Stephen Michael sold 1,230 shares of RVMD for 21.78 per share on Mar 17. After the transaction, the See Remarks now owns 326,369 company shares. In a previous transaction on Mar 17, Horn Margaret A sold 1,230 shares at 21.78 per share. RVMD shares that See Remarks owns now total 100,062.

Among the insiders who sold shares, Wang Xiaolin disposed of 714 shares on Mar 17 at a per-share price of $21.78. This resulted in the See Remarks holding 58,813 shares of RVMD after the transaction. In another insider transaction, Anders Jack sold 665 shares at $21.78 per share on Mar 17. Company shares held by the Chief Financial Officer now total 55,233.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for RVMD in the last 3 months, the mean price target is $31.44 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 $15.27.

As of this writing, RVMD has an earnings estimate of -$0.81 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.68 per share and a lower estimate of -$0.88. The company reported an EPS of -$0.63 in the last quarter, which was 23.20% higher than expectations of -$0.82.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. RVMD’s latest balance sheet shows that the firm has $577.05M in Cash & Short Term Investments as of fiscal 2021. There were $66.63M in debt and $18.93M in liabilities at the time. Its Book Value Per Share was $10.04, while its Total Shareholder’s Equity was $602.57M.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 4.50.

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