Revolution Medicines Inc (NASDAQ:RVMD) shares, rose in value, with the stock price down by -1.85% to the previous day’s close as strong demand from buyers drove the stock to $35.59.
Actively observing the price movement in the last trading, the stock closed the session at $36.26. Referring to stock’s 52-week performance, its high was $38.73, and the low was $15.44. On the whole, RVMD has fluctuated by 17.23% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RVMD’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RVMD currently trading nearly 5.25% and 11.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.36, while the 7-day volatility ratio is showing 4.80% which for the 30-day chart, stands at 5.32%. Furthermore, Revolution Medicines Inc (RVMD)’s beta value is 1.48, and its average true range (ATR) is 1.75.
A comparison of Revolution Medicines Inc (RVMD) with its peers suggests the former has fared considerably weaker in the market. RVMD showed an intraday change of -1.85% in last session, and over the past year, it grew by 54.54%%.
Data on historical trading for Revolution Medicines Inc (NASDAQ:RVMD) indicates that the trading volumes over the past 3 months, they’ve averaged 1.45 million. According to company’s latest data on outstanding shares, there are 164.67 million shares outstanding.
Nearly 17.12% of Revolution Medicines Inc’s shares belong to company insiders and institutional investors own 79.18% of the company’s shares. The stock has risen by 24.09% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RVMD stock heading into the next quarter.
