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The price of Nuvalent Inc (NASDAQ: NUVL) closed at $102.40 in the last session, down -0.94% from day before closing price of $103.37. In other words, the price has decreased by -$0.94 from its previous closing price. On the day, 0.43 million shares were traded. NUVL stock price reached its highest trading level at $105.671 during the session, while it also had its lowest trading level at $101.92.
Ratios:
We take a closer look at NUVL’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 01 ’24 when Noci Darlene sold 5,000 shares for $101.74 per share. The transaction valued at 508,718 led to the insider holds 33,300 shares of the business.
Balcom Alexandra sold 10,000 shares of NUVL for $1,010,620 on Sep 30 ’24. The Chief Financial Officer now owns 33,300 shares after completing the transaction at $101.06 per share. On Oct 01 ’24, another insider, Darlene Noci, who serves as the Officer of the company, bought 10,000 shares for $101.19 each.
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 7224074240 and an Enterprise Value of 5977280512.
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 $49.02. The 50-Day Moving Average of the stock is 17.18%, while the 200-Day Moving Average is calculated to be 30.39%.
Shares Statistics:
According to the various share statistics, NUVL traded on average about 470.47K shares per day over the past 3-months and 482300 shares per day over the past 10 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 60.08% stake in the company. Shares short for NUVL as of 1726185600 were 6409482 with a Short Ratio of 13.62, compared to 1723680000 on 6834189. Therefore, it implies a Short% of Shares Outstanding of 6409482 and a Short% of Float of 31.269999999999996.
