As of Tuesday, Revolution Medicines Inc.’s (NASDAQ:RVMD) stock closed at $20.37, up from $19.82 the previous day. While Revolution Medicines Inc. has overperformed by 2.77%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RVMD fell by -30.57%, with highs and lows ranging from $34.16 to $14.08, whereas the simple moving average fell by -11.24% in the last 200 days.
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On May 20, 2022, BofA Securities started tracking Revolution Medicines Inc. (NASDAQ: RVMD) recommending Neutral. A report published by Stifel on March 01, 2022, Upgraded its rating to ‘Buy’ for RVMD. Stifel also rated RVMD shares as ‘Hold’, setting a target price of $34 on the company’s shares in an initiating report dated September 23, 2021. Goldman August 12, 2021d the rating to Neutral on August 12, 2021, and set its price target from $49 to $27. Goldman initiated its ‘Buy’ rating for RVMD, as published in its report on May 18, 2021. H.C. Wainwright’s report from May 21, 2020 suggests a price prediction of $55 for RVMD shares, giving the stock a ‘Buy’ rating. JP Morgan also rated the stock as ‘Neutral’.
Analysis of Revolution Medicines Inc. (RVMD)
Further, the quarter-over-quarter decrease in sales is -24.80%, showing a negative trend in the upcoming months.
One of the most important indicators of Revolution Medicines Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -33.50% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 9.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and RVMD is recording 924.13K average volume. On a monthly basis, the volatility of the stock is set at 7.64%, whereas on a weekly basis, it is put at 7.39%, with a loss of -16.21% over the past seven days. Furthermore, long-term investors anticipate a median target price of $29.50, showing growth from the present price of $20.37, which can serve as yet another indication of whether RVMD is worth investing in or should be passed over.
How Do You Analyze Revolution Medicines Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 89.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in RVMD shares?
The recent increase in stakes in RVMD appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in RVMD has decreased by -3.81% in the first quarter. The company now owns 5,962,014 shares of the stock, with a value of $116.2 million, following the sale of -236,065 additional shares during the last quarter. Ecor1 Capital LLC made another increased to its shares in RVMD during the first quarter, upping its stake by 235.77%. During the last quarter, the company dropped down 3,003,972 additional shares for a total stake of worth $83.38 million, bringing number of shares owned by the company to 4,278,069.
During the first quarter, Wellington Management Co. LLP subtracted a -426,906 position in RVMD. BlackRock Fund Advisors sold an additional -0.11 million shares in the last quarter, decreasing its holdings by -2.62%, now holding 4.02 million shares worth $78.42 million. At the end of the first quarter, Bellevue Asset Management AG decreased its RVMD holdings by -4.60% and now holds 3.31 million RVMD shares valued at $64.52 million with the lessened -0.16 million shares during the period. RVMD shares are owned by institutional investors to the tune of 89.00% at present.
