Revolution Medicines Inc [NASDAQ: RVMD] gained 1.91% on the last trading session, reaching $46.00 price per share at the time.
If compared to the average trading volume of 1.35M shares, RVMD reached a trading volume of 7483711 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Revolution Medicines Inc [RVMD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RVMD shares is $50.21 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RVMD stock is a recommendation set at 1.12. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Revolution Medicines Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 12, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on July 08, 2024, representing the official price target for Revolution Medicines Inc stock. Previously, the target price had yet another raise from $36 to $46, while Needham kept a Buy rating on RVMD stock. On April 10, 2024, analysts increased their price target for RVMD shares from 36 to 48.
The Average True Range (ATR) for Revolution Medicines Inc is set at 2.05, with the Price to Sales ratio for RVMD stock in the period of the last 12 months amounting to 1660.73. The Price to Book ratio for the last quarter was 4.40, with the Price to Cash per share for the same quarter was set at 10.33.
Trading performance analysis for RVMD stock
Revolution Medicines Inc [RVMD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.22. With this latest performance, RVMD shares gained by 15.03% in over the last four-week period, additionally plugging by 62.54% over the last 6 months – not to mention a rise of 73.39% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RVMD stock in for the last two-week period is set at 71.90, with the RSI for the last a single of trading hit 76.63, and the three-weeks RSI is set at 68.49 for Revolution Medicines Inc [RVMD]. The present Moving Average for the last 50 days of trading for this stock 39.27, while it was recorded at 44.17 for the last single week of trading, and 30.86 for the last 200 days.
Revolution Medicines Inc [RVMD]: A deeper dive into fundamental analysis
Revolution Medicines Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 18.45 and a Current Ratio set at 18.45.
An analysis of Institutional ownership at Revolution Medicines Inc [RVMD]
The top three institutional holders of RVMD stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in RVMD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in RVMD stock with ownership which is approximately 5.1238%.