The price of Nuvalent Inc (NASDAQ: NUVL) closed at $73.42 in the last session, down -4.76% from day before closing price of $77.09. In other words, the price has decreased by -$3.67 from its previous closing price. On the day, 585907 shares were traded.
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 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:
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 Mar 28 ’24 when Miller Deborah Ann sold 22,000 shares for $75.20 per share. The transaction valued at 1,654,311 led to the insider holds 33,300 shares of the business.
Hack Andrew A. F. sold 880,000 shares of NUVL for $64,035,959 on Mar 27 ’24. The Director now owns 2,697,267 shares after completing the transaction at $72.77 per share. On Mar 25 ’24, another insider, Shair Matthew, who serves as the Director of the company, sold 37,500 shares for $76.77 each. As a result, the insider received 2,878,982 and left with 1,687,198 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 4.71B and an Enterprise Value of 3.99B.
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 81.00, while the 200-Day Moving Average is calculated to be 61.81.
Shares Statistics:
According to the various share statistics, NUVL traded on average about 382.33K shares per day over the past 3-months and 380.27k shares per day over the past 10 days. A total of 58.63M shares are outstanding, with a floating share count of 31.00M. Insiders hold about 51.61% 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 18.44, 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
The company has 8 analysts who recommend its stock at the moment. 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.
