As of close of business last night, Nuvalent Inc’s stock clocked out at $84.60, down -4.31% from its previous closing price of $88.41. In other words, the price has decreased by -$3.81 from its previous closing price. On the day, 495354 shares were traded.
Ratios:
To gain a deeper understanding of NUVL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 22.83 and its Current Ratio is at 22.83. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On February 23, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $105.
On September 27, 2023, Stifel started tracking the stock assigning a Buy rating and target price of $65.Stifel initiated its Buy rating on September 27, 2023, with a $65 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 28 ’23 when Shair Matthew sold 48,548 shares for $75.46 per share. The transaction valued at 3,663,492 led to the insider holds 1,724,698 shares of the business.
Shair Matthew sold 1,000 shares of NUVL for $75,170 on Dec 27 ’23. The Director now owns 1,773,246 shares after completing the transaction at $75.17 per share. On Dec 26 ’23, another insider, Shair Matthew, who serves as the Director of the company, sold 69,602 shares for $75.12 each. As a result, the insider received 5,228,346 and left with 1,774,246 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NUVL now has a Market Capitalization of 5.43B and an Enterprise Value of 4.71B.
Stock Price History:
Over the past 52 weeks, NUVL has reached a high of $89.39, while it has fallen to a 52-week low of $23.09. The 50-Day Moving Average of the stock is 80.02, while the 200-Day Moving Average is calculated to be 58.80.
Shares Statistics:
It appears that NUVL traded 437.61K shares on average per day over the past three months and 469.27k shares per day over the past ten days. A total of 58.63M shares are outstanding, with a floating share count of 30.96M. Insiders hold about 51.67% of the company’s shares, while institutions hold 61.14% stake in the company. Shares short for NUVL as of Feb 29, 2024 were 6.54M with a Short Ratio of 14.94, compared to 6.3M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.20% and a Short% of Float of 33.12%.
Earnings Estimates
As of right now, 7 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.66 for the current quarter, with a high estimate of -$0.54 and a low estimate of -$0.75, while EPS last year was -$0.44. The consensus estimate for the next quarter is -$0.7, with high estimates of -$0.58 and low estimates of -$0.8.
Analysts are recommending an EPS of between -$2.38 and -$3.36 for the fiscal current year, implying an average EPS of -$2.96. EPS for the following year is -$3.3, with 7 analysts recommending between -$2.68 and -$3.97.
