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Revolution Medicines Inc (RVMD) – Don’t Believe the Hype: Check The Facts

Revolution Medicines Inc (NASDAQ: RVMD) is 9.45% higher on its value in year-to-date trading and has touched a low of $15.44 and a high of $35.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RVMD stock was last observed hovering at around $30.92 in the last trading session, with the day’s gains setting it 0.47%.

Currently trading at $31.39, the stock is -0.54% and 4.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing 1.52% at the moment leaves the stock 13.42% off its SMA200. RVMD registered 44.92% gain for a year compared to 6-month gain of 19.95%. The firm has a 50-day simple moving average (SMA 50) of $287.75 and a 200-day simple moving average (SMA200) of -$7.74.

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The stock witnessed a 6.41% loss in the last 1 month and extending the period to 3 months gives it a 11.19%, and is 4.63% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.94% over the week and 4.20% over the month.

Revolution Medicines Inc (RVMD) has around 378 employees, a market worth around $5.17B and $11.58M in sales. Profit margin for the company is -3768.28%. Distance from 52-week low is 103.30% and -11.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.89%).

Revolution Medicines Inc quarterly earnings per share for the current quarter are estimated at -$0.74 with sales reaching $1.6M over the same period.The EPS is expected to grow by 17.78% this year, but quarterly earnings will post -42.70% year-over-year. Quarterly sales are estimated to shrink -77.20% in year-over-year returns.

281 institutions hold shares in Revolution Medicines Inc (RVMD), with institutional investors hold 98.35% of the company’s shares. The shares outstanding are 164.67M, and float is at 136.41M with Short Float at 12.03%. Institutions hold 95.94% of the Float.

The top institutional shareholder in the company is Wellington Management Group, LLP with over 10.29 million shares valued at $275.25 million. The investor’s holdings represent 9.43% of the RVMD Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 9.34 million shares valued at $249.86 million to account for 8.56% of the shares outstanding. The other top investors are Blackrock Inc. which holds 8.26 million shares representing 7.56% and valued at over $220.89 million, while EcoR1 Capital, LLC holds 6.59% of the shares totaling 7.2 million with a market value of $192.57 million.

Revolution Medicines Inc (RVMD) Insider Activity

The most recent transaction is an insider sale by Cislini Jeff, the company’s General Counsel. SEC filings show that Cislini Jeff sold 1,500 shares of the company’s common stock on Mar 27 ’24 at a price of $30.99 per share for a total of $46481.0. Following the sale, the insider now owns 54374.0 shares.

Revolution Medicines Inc disclosed in a document filed with the SEC on Mar 18 ’24 that GOLDSMITH MARK A () sold a total of 5,788 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $31.58 per share for $0.18 million. Following the transaction, the insider now directly holds 0.46 million shares of the RVMD stock.

Still, SEC filings show that on Mar 18 ’24, Horn Margaret A (Chief Operating Officer) disposed off 2,914 shares at an average price of $31.58 for $92033.0. The insider now directly holds 139,553 shares of Revolution Medicines Inc (RVMD).

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