As of close of business last night, Nuvalent Inc’s stock clocked out at $68.44, down -2.51% from its previous closing price of $70.20. In other words, the price has decreased by -$1.76 from its previous closing price. On the day, 1270155 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.
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 the company, Leerink Partners on April 01, 2024, Upgraded its rating to Outperform and sets its target price to $110 from $69 previously.
On February 23, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $105.Robert W. Baird initiated its Outperform rating on February 23, 2024, with a $105 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 Apr 04 ’24 when Miller Deborah Ann sold 3,000 shares for $73.60 per share. The transaction valued at 220,787 led to the insider holds 33,300 shares of the business.
Shair Matthew sold 37,500 shares of NUVL for $2,884,337 on Apr 01 ’24. The Director now owns 1,649,698 shares after completing the transaction at $76.92 per share. On Mar 28 ’24, another insider, Miller Deborah Ann, who serves as the Chief Legal Officer of the company, sold 22,000 shares for $75.20 each. As a result, the insider received 1,654,311 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 4.39B and an Enterprise Value of 3.67B.
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 80.41, while the 200-Day Moving Average is calculated to be 61.41.
Shares Statistics:
It appears that NUVL traded 398.20K shares on average per day over the past three months and 561.31k shares per day over the past ten days. A total of 58.63M shares are outstanding, with a floating share count of 31.95M. Insiders hold about 50.14% of the company’s shares, while institutions hold 61.14% stake in the company. Shares short for NUVL as of Mar 15, 2024 were 7.05M with a Short Ratio of 17.71, compared to 6.55M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.01% and a Short% of Float of 35.73%.
Earnings Estimates
As of right now, 8 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.67 for the current quarter, with a high estimate of -$0.54 and a low estimate of -$0.79, while EPS last year was -$0.44. The consensus estimate for the next quarter is -$0.71, with high estimates of -$0.58 and low estimates of -$0.8.
Analysts are recommending an EPS of between -$2.38 and -$3.34 for the fiscal current year, implying an average EPS of -$2.95. EPS for the following year is -$3.39, with 8 analysts recommending between -$2.68 and -$4.08.
