Nuvalent Inc [NUVL] stock prices are up 1.43% to $84.64 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NUVL shares have lost -2.51% over the last week, with a monthly amount drifted -7.05%, and not 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 October 24, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $100. Previously, Barclays started tracking the stock with Overweight rating on August 29, 2024, and set its price target to $100. On April 17, 2024, Jefferies initiated with a Buy rating and assigned a price target of $97 on the stock. Leerink Partners upgraded its rating to a Outperform and increased its price target to $110 on April 01, 2024. Robert W. Baird started tracking with a Outperform rating for this stock on February 23, 2024, and assigned it a price target of $105. In a note dated September 27, 2023, Stifel initiated an Buy rating and provided a target price of $65 on this stock.
The stock price of Nuvalent Inc [NUVL] has been fluctuating between $61.79 and $113.51 over the past year. Currently, Wall Street analysts expect the stock to reach $114.8 within the next 12 months. Nuvalent Inc [NASDAQ: NUVL] shares were valued at $84.64 at the most recent close of the market. An investor can expect a potential return of 35.63% based on the average NUVL price forecast.
Analyzing the NUVL fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is -0.29 and Total Capital is -0.21.
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 82.15 points at the first support level, and at 79.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 86.35, and for the 2nd resistance point, it is at 88.06.
Ratios To Look Out For
It’s worth pointing out that Nuvalent Inc [NASDAQ:NUVL]’s Current Ratio is 23.07. Also, the Quick Ratio is 23.07, while the Cash Ratio stands at 7.22.
Transactions by insiders
Recent insider trading involved Porter James Richard, President and CEO, that happened on Dec 16 ’24 when 27000.0 shares were sold. Director, Hack Andrew A. F. completed a deal on Dec 11 ’24 to sell 1.25 million shares. Meanwhile, Affiliate BCIP Life Sciences Associates, bought 0.14 million shares on Dec 11 ’24.
