At the time of writing, Nuvalent Inc [NUVL] stock is trading at $72.52, up 3.23%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NUVL shares have gain 0.74% over the last week, with a monthly amount drifted -12.98%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Nuvalent Inc [NASDAQ: NUVL] stock has seen the most recent analyst activity on December 30, 2024, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $110. Previously, UBS started tracking the stock with Neutral rating on October 24, 2024, and set its price target to $100. On August 29, 2024, Barclays initiated with a Overweight rating and assigned a price target of $100 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $97 on April 17, 2024. Leerink Partners upgraded its rating to a Outperform and raised its price target to $110 on April 01, 2024. In a note dated February 23, 2024, Robert W. Baird initiated an Outperform rating and provided a target price of $105 on this stock.
For the past year, the stock price of Nuvalent Inc fluctuated between $61.79 and $113.51. Currently, Wall Street analysts expect the stock to reach $114.8 within the next 12 months. Nuvalent Inc [NASDAQ: NUVL] shares were valued at $72.52 at the most recent close of the market. An investor can expect a potential return of 58.3% based on the average NUVL price forecast.
Analyzing the NUVL fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.23, Equity is -0.3 and Total Capital is -0.26.
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 70.26 points at the first support level, and at 67.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.03, and for the 2nd resistance point, it is at 75.54.
Ratios To Look Out For
It is important to note that Nuvalent Inc [NASDAQ:NUVL] has a current ratio of 20.96. In addition, the Quick Ratio stands at 20.96 and the Cash Ratio stands at 2.7.
Transactions by insiders
Recent insider trading involved Noci Darlene, Chief Development Officer, that happened on Mar 06 ’25 when 30000.0 shares were sold. Chief Development Officer, Noci Darlene completed a deal on Mar 07 ’25 to sell 4000.0 shares. Meanwhile, Officer Darlene Noci bought 46000.0 shares on Mar 06 ’25.
