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As of close of business last night, Nuvalent Inc’s stock clocked out at $87.45, up 7.06% from its previous closing price of $81.68. In other words, the price has increased by $7.06 from its previous closing price. On the day, 0.46 million shares were traded. NUVL stock price reached its highest trading level at $87.8971 during the session, while it also had its lowest trading level at $81.94.
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 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:
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 Sep 09 ’24 when Miller Deborah Ann sold 3,000 shares for $88.18 per share. The transaction valued at 264,546 led to the insider holds 33,300 shares of the business.
Noci Darlene sold 5,000 shares of NUVL for $422,146 on Sep 03 ’24. The Chief Development Officer now owns 33,300 shares after completing the transaction at $84.43 per share. On Aug 30 ’24, another insider, Balcom Alexandra, who serves as the Chief Financial Officer of the company, sold 10,000 shares for $84.23 each. As a result, the insider received 842,349 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 5666549760 and an Enterprise Value of 5008556544.
Stock Price History:
Over the past 52 weeks, NUVL has reached a high of $89.89, while it has fallen to a 52-week low of $39.86. The 50-Day Moving Average of the stock is 11.10%, while the 200-Day Moving Average is calculated to be 15.63%.
Shares Statistics:
It appears that NUVL traded 338.31K shares on average per day over the past three months and 420010 shares per day over the past ten days. A total of 58.63M shares are outstanding, with a floating share count of 33.62M. Insiders hold about 48.11% of the company’s shares, while institutions hold 64.70% stake in the company. Shares short for NUVL as of 1724976000 were 6871416 with a Short Ratio of 20.31, compared to 1722384000 on 6937221. Therefore, it implies a Short% of Shares Outstanding of 6871416 and a Short% of Float of 33.52.
