Nuvalent Inc (NASDAQ: NUVL) has experienced a rise in its stock price by 0.57 compared to its previous closing price of 83.45. However, the company has seen a fall of -3.33% in its stock price over the last five trading days. prnewswire.com reported 2024-12-19 that CAMBRIDGE, Mass., Dec. 19, 2024 /PRNewswire/ — Nuvalent, Inc. (Nasdaq: NUVL), a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for clinically proven kinase targets in cancer, today announced that James Porter, Ph.D.
Is It Worth Investing in Nuvalent Inc (NASDAQ: NUVL) Right Now?
The 36-month beta value for NUVL is at 1.36. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for NUVL is 43.16M, and currently, shorts hold a 11.77% of that float. The average trading volume for NUVL on December 19, 2024 was 463.30K shares.
NUVL’s Market Performance
NUVL stock saw a decrease of -3.33% in the past week, with a monthly decline of -7.83% and a quarterly a decrease of -22.29%. The volatility ratio for the week is 4.50%, and the volatility levels for the last 30 days are 3.42% for Nuvalent Inc (NUVL). The simple moving average for the past 20 days is -8.84% for NUVL’s stock, with a 1.82% simple moving average for the past 200 days.
Analysts’ Opinion of NUVL
Many brokerage firms have already submitted their reports for NUVL stocks, with UBS repeating the rating for NUVL by listing it as a “Neutral.” The predicted price for NUVL in the upcoming period, according to UBS is $100 based on the research report published on October 24, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see NUVL reach a price target of $100. The rating they have provided for NUVL stocks is “Overweight” according to the report published on August 29th, 2024.
Jefferies gave a rating of “Buy” to NUVL, setting the target price at $97 in the report published on April 17th of the current year.
NUVL Trading at -10.42% from the 50-Day Moving Average
After a stumble in the market that brought NUVL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.06% of loss for the given period.
Volatility was left at 3.42%, however, over the last 30 days, the volatility rate increased by 4.50%, as shares sank -7.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.08% lower at present.
During the last 5 trading sessions, NUVL fell by -3.28%, which changed the moving average for the period of 200-days by -0.59% in comparison to the 20-day moving average, which settled at $92.07. In addition, Nuvalent Inc saw 14.05% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NUVL starting from Porter James Richard, who sale 27,000 shares at the price of $86.61 back on Dec 16 ’24. After this action, Porter James Richard now owns 188,113 shares of Nuvalent Inc, valued at $2,338,436 using the latest closing price.
Hack Andrew A. F., the Director of Nuvalent Inc, sale 1,250,000 shares at $88.00 during a trade that took place back on Dec 11 ’24, which means that Hack Andrew A. F. is holding 1,447,267 shares at $110,000,000 based on the most recent closing price.
Stock Fundamentals for NUVL
The total capital return value is set at -0.21. Equity return is now at value -29.57, with -27.79 for asset returns.
Currently, EBITDA for the company is -149.49 million with net debt to EBITDA at 1.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 23.07.
Conclusion
In conclusion, Nuvalent Inc (NUVL) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
