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In the latest session, Nuvalent Inc (NASDAQ: NUVL) closed at $102.05 down -5.51% from its previous closing price of $108.00. In other words, the price has decreased by -$5.51 from its previous closing price. On the day, 0.9 million shares were traded. NUVL stock price reached its highest trading level at $108.5 during the session, while it also had its lowest trading level at $100.75.
Ratios:
For a deeper understanding of Nuvalent Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 17.44 and its Current Ratio is at 17.44. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on August 29, 2024, initiated with a Overweight rating and assigned the stock a target price of $100.
On April 17, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $97.
Leerink Partners Upgraded its Market Perform to Outperform on April 01, 2024, whereas the target price for the stock was revised from $69 to $110.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 16 ’24 when Pelish Henry E. sold 32,795 shares for $98.92 per share. The transaction valued at 3,244,140 led to the insider holds 33,300 shares of the business.
Miller Deborah Ann sold 8,000 shares of NUVL for $771,798 on Sep 16 ’24. The Chief Legal Officer now owns 33,300 shares after completing the transaction at $96.47 per share. On Sep 09 ’24, another insider, Miller Deborah Ann, who serves as the Chief Legal Officer of the company, sold 3,000 shares for $88.18 each. As a result, the insider received 264,546 and left with 33,300 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 7199383040 and an Enterprise Value of 5954601472.
Stock Price History:
Over the past 52 weeks, NUVL has reached a high of $113.51, while it has fallen to a 52-week low of $41.16. The 50-Day Moving Average of the stock is 24.13%, while the 200-Day Moving Average is calculated to be 32.90%.
Shares Statistics:
For the past three months, NUVL has traded an average of 455.84K shares per day and 1104130 over the past ten days. A total of 58.63M shares are outstanding, with a floating share count of 36.49M. Insiders hold about 47.72% of the company’s shares, while institutions hold 60.07% stake in the company. Shares short for NUVL as of 1724976000 were 6871416 with a Short Ratio of 15.07, compared to 1722384000 on 6937221. Therefore, it implies a Short% of Shares Outstanding of 6871416 and a Short% of Float of 33.52.
