At the time of writing, Nuvalent Inc [NUVL] stock is trading at $103.02, up 0.70%. An important factor to consider is whether the stock is rising or falling in short-term value. The NUVL shares have gain 1.70% over the last week, with a monthly amount glided 21.01%, 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.
For the past year, the stock price of Nuvalent Inc fluctuated between $41.16 and $113.51. Currently, Wall Street analysts expect the stock to reach $109.4 within the next 12 months. Nuvalent Inc [NASDAQ: NUVL] shares were valued at $103.02 at the most recent close of the market. An investor can expect a potential return of 6.19% 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 99.79 points at the first support level, and at 96.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.56, and for the 2nd resistance point, it is at 108.11.
Ratios To Look Out For
It is important to note that Nuvalent Inc [NASDAQ:NUVL] has a current ratio of 17.44. On the other hand, the Quick Ratio is 17.44, and the Cash Ratio is 2.03.
Transactions by insiders
Recent insider trading involved Darlene Noci, Officer, that happened on Oct 01 ’24 when 10000.0 shares were purchased. Officer, Alexandra Balcom completed a deal on Sep 30 ’24 to buy 30000.0 shares. Meanwhile, Director Shair Matthew sold 2000.0 shares on Sep 23 ’24.
