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. Yahoo Finance discussed the stock recently as it posted Revolution Medicines Reports Fourth Quarter and Full Year 2023 Financial Results and Update on Corporate Progress.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Revolution Medicines Inc is $5.19B. A total of 1.2 million shares were traded on the day, compared to an average of 1.40M shares.

In the most recent transaction, Cislini Jeff sold 1,500 shares of RVMD for 27.00 per share on Jan 22 ’24. After the transaction, the General Counsel now owns 36,126 company shares. In a previous transaction on Jan 08 ’24, 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 ’24 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 ’23. Company shares held by the insider now total 238,299.

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. 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 -$0.75 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.67 per share and a lower estimate of -$0.85. The company reported an EPS of -$0.99 in the last quarter, which was 2.00% higher than expectations of -$1.01.

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. 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 $11.09, while its Total Shareholder’s Equity was $602.57M.

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, 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.

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