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. The stock was recently discussed on Yahoo Finance as it revealed that Revolution Medicines Reports Fourth Quarter and Full Year 2023 Financial Results and Update on Corporate Progress.
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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 $30.38 and fluctuated between $30.68 as its day high and $29.64 as its day low. The current market capitalization of Revolution Medicines Inc is $4.98B. A total of 0.85 million shares were traded on the day, compared to an average of 1.32M 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 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 35 BUYs and 33 SELLs from insiders. Insiders purchased 4,742,394 shares during that period but sold 190,799.
In the most recent transaction, Cislini Jeff sold 1,500 shares of RVMD for 27.00 per share on Jan 22. After the transaction, the General Counsel now owns 36,126 company shares. In a previous transaction on Jan 08, Kelsey Stephen Michael sold 3,337 shares at 29.01 per share. RVMD shares that the insider owns now total 221,632.
Among the insiders who sold shares, Kelsey Stephen Michael disposed of 13,330 shares on Jan 02 at a per-share price of $29.10. This resulted in the insider holding 224,969 shares of RVMD after the transaction. In another insider transaction, Kelsey Stephen Michael sold 33,334 shares at $29.01 per share on Dec 27. Company shares held by the insider now total 238,299.
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 $36.09 with high estimates of $43.00 and low estimates of $26.00. In terms of 52-week highs and lows, RVMD has a high of $35.60 and a low of $15.44.
As of this writing, RVMD has an earnings estimate of -$0.88 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of -$0.7 per share and a lower estimate of -$1.1. The company reported an EPS of -$0.92 in the last quarter, which was -12.20% lower 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 $60.35M in liabilities at the time. Its Book Value Per Share was $7.65, 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 4.83.
