Nuvalent Inc [NUVL] stock prices are up 28.27% to $112.17 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NUVL shares have gain 25.69% over the last week, with a monthly amount glided 55.99%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nuvalent Inc [NASDAQ: NUVL] stock has seen the most recent analyst activity on August 29, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $100. Previously, Jefferies started tracking the stock with Buy rating on April 17, 2024, and set its price target to $97. On April 01, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $110 on the stock. Robert W. Baird initiated its recommendation with a Outperform and recommended $105 as its price target on February 23, 2024. Stifel started tracking with a Buy rating for this stock on September 27, 2023, and assigned it a price target of $65. In a note dated August 08, 2023, SVB Securities initiated an Market Perform rating and provided a target price of $42 on this stock.
The stock price of Nuvalent Inc [NUVL] has been fluctuating between $39.86 and $89.89 over the past year. Currently, Wall Street analysts expect the stock to reach $109.4 within the next 12 months. Nuvalent Inc [NASDAQ: NUVL] shares were valued at $112.17 at the most recent close of the market. An investor can expect a potential drop of -2.47% based on the average NUVL price forecast.
Analyzing the NUVL fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.26, Equity is -0.29 and Total Capital is -0.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 98.96 points at the first support level, and at 85.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 119.45, and for the 2nd resistance point, it is at 126.72.
Ratios To Look Out For
It’s worth pointing out that Nuvalent Inc [NASDAQ:NUVL]’s Current Ratio is 17.44. As well, the Quick Ratio is 17.44, while the Cash Ratio is 2.03.
Transactions by insiders
Recent insider trading involved Miller Deborah Ann, Chief Legal Officer, that happened on Sep 09 ’24 when 3000.0 shares were sold. Chief Development Officer, Noci Darlene completed a deal on Sep 03 ’24 to sell 5000.0 shares. Meanwhile, Chief Financial Officer Balcom Alexandra sold 10000.0 shares on Aug 30 ’24.
