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Friday, September 29, 2023

An Evaluation Of Revolution Medicines Inc. (NASDAQ: RVMD) Prospects

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 broken, with the stock’s consolidated last price falling by -$1.00, or -2.85%, to $34.05. The Revolution Medicines Inc. has recorded 22,476 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Revolution Medicines Announces Publication Describing Molecular Basis of Tri-Complex Inhibitors Targeting Oncogenic RAS(ON) Proteins.

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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 $35.05 and fluctuated between $35.27 as its day high and $34.13 as its day low. The current market capitalization of Revolution Medicines Inc. is $3.71B. A total of 0.93 million shares were traded on the day, compared to an average of 1.08M 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 8 BUY and 9 SELL insider trades, representing the acquisition of 41,400 and the disposition of 46,524 shares. Over the last 12 months, there were 18 BUYs and 24 SELLs from insiders. Insiders purchased 976,000 shares during that period but sold 111,189.

In the most recent transaction, Horn Margaret A sold 10,000 shares of RVMD for 34.05 per share on Aug 31. After the transaction, the Chief Operating Officer now owns 99,474 company shares. In a previous transaction on Aug 15, Horn Margaret A sold 5,000 shares at 30.53 per share. RVMD shares that Chief Operating Officer owns now total 99,474.

Among the insiders who sold shares, Kelsey Stephen Michael disposed of 16,666 shares on Aug 02 at a per-share price of $32.40. This resulted in the insider holding 292,448 shares of RVMD after the transaction. In another insider transaction, Kelsey Stephen Michael sold 16,666 shares at $29.19 per share on Aug 01. Company shares held by the insider now total 309,114.

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 $34.14 with high estimates of $40.00 and low estimates of $30.00. In terms of 52-week highs and lows, RVMD has a high of $34.14 and a low of $17.03.

As of this writing, RVMD has an earnings estimate of -$1 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.94 per share and a lower estimate of -$1.05. The company reported an EPS of -$0.72 in the last quarter, which was 11.10% higher than expectations of -$0.81.

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 $8.71, 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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