The trading price of Revolution Medicines Inc (NASDAQ:RVMD) closed lower on Friday, April 19, closing at $34.92, -2.54% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $38.73 and a 52-week low of $15.44. Over the past month, the stock has gained 12.21% in value.
Revolution Medicines Inc, whose market valuation is $5.75 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Revolution Medicines Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest RVMD has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that RVMD’s price is currently 5.45% off the SMA20 and 10.55% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.56, and weekly volatility stands at 4.87%. When measured over the past 30 days, the indicator reaches 5.30%. Revolution Medicines Inc (NASDAQ:RVMD)’s beta value is currently sitting at 1.46, while the Average True Range indicator is currently displaying 1.78.
To see how Revolution Medicines Inc stock has been performing in comparison to its peers in the industry, here are the numbers: RVMD stock’s performance was -2.54% in the latest trading, and 38.68% in the past year.
An evaluation of the daily trading volume of Revolution Medicines Inc (NASDAQ:RVMD) indicates that the 3-month average is 1.44 million.
Currently, records show that 164.67 million of the company’s shares remain outstanding. The insiders hold 17.12% of outstanding shares, whereas institutions hold 79.19%. However, since the stock’s price has seen 21.76% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
