Revolution Medicines Inc [RVMD] stock is trading at $50.42, up 5.59%. An important factor to consider is whether the stock is rising or falling in short-term value. The RVMD shares have gain 6.98% over the last week, with a monthly amount glided 11.18%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Revolution Medicines Inc [NASDAQ: RVMD] stock has seen the most recent analyst activity on July 16, 2024, when Needham reiterated its Buy rating and also boosted its price target to $62 from $46. Previously, Barclays started tracking the stock with Overweight rating on July 12, 2024, and set its price target to $52. On July 08, 2024, Jefferies initiated with a Buy rating and assigned a price target of $63 on the stock. Needham reiterated its Buy rating and increased its price target to $46 on April 12, 2024. Raymond James upgraded its rating to a Strong Buy and raised its price target to $48 on April 10, 2024. Piper Sandler started tracking with a Overweight rating for this stock on March 11, 2024, and assigned it a price target of $43. In a note dated January 05, 2024, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $31 to $34.
Revolution Medicines Inc [RVMD] stock has fluctuated between $18.00 and $51.00 over the past year. Currently, Wall Street analysts expect the stock to reach $58.57 within the next 12 months. Revolution Medicines Inc [NASDAQ: RVMD] shares were valued at $50.42 at the most recent close of the market. An investor can expect a potential return of 16.16% based on the average RVMD price forecast.
Analyzing the RVMD fundamentals
Revolution Medicines Inc [NASDAQ:RVMD] reported sales of 0.74M for the trailing twelve months, which represents a drop of -100.00%. Gross Profit Margin for this corporation currently stands at -13.24% with Operating Profit Margin at -809.61%, Pretax Profit Margin comes in at -704.49%, and Net Profit Margin reading is -699.74%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is -0.35 and Total Capital is -0.35. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 48.43 points at the first support level, and at 46.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.53, and for the 2nd resistance point, it is at 52.65.
Ratios To Look Out For
For context, Revolution Medicines Inc’s Current Ratio is 15.42. On the other hand, the Quick Ratio is 15.42, and the Cash Ratio is 2.62. Considering the valuation of this stock, the price to sales ratio is 11381.29, the price to book ratio is 5.16.
Transactions by insiders
Recent insider trading involved Kelsey Stephen Michael, that happened on Oct 14 ’24 when 16666.0 shares were sold. Chief Operating Officer, Horn Margaret A completed a deal on Oct 11 ’24 to sell 50000.0 shares. Meanwhile, GOLDSMITH MARK A sold 30000.0 shares on Oct 11 ’24.
