During the last session, Nuvalent Inc (NASDAQ:NUVL)’s traded shares were 0.68 million, with the beta value of the company hitting 1.42. At the end of the trading day, the stock’s price was $71.64, reflecting an intraday gain of 2.39% or $1.67. The 52-week high for the NUVL share is $113.51, that puts it down -58.45 from that peak though still a striking 22.49% gain since the share price plummeted to a 52-week low of $55.53. The company’s market capitalization is $5.13B, and the average intraday trading volume over the past 10 days was 0.84 million shares, and the average trade volume was 561.76K shares over the past three months.
Nuvalent Inc (NUVL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.18. NUVL has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it.
Nuvalent Inc (NASDAQ:NUVL) trade information
Nuvalent Inc (NUVL) registered a 2.39% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.39% in intraday trading to $71.64, hitting a weekly high. The stock’s 5-day price performance is 15.57%, and it has moved by -7.64% in 30 days. Based on these gigs, the overall price performance for the year is 10.64%. The short interest in Nuvalent Inc (NASDAQ:NUVL) is 5.87 million shares and it means that shorts have 9.77 day(s) to cover.
The consensus price target of analysts on Wall Street is $117, which implies an increase of 38.77% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $100 and $134 respectively. As a result, NUVL is trading at a discount of -87.05% off the target high and -39.59% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -74.22%. While earnings are projected to return -18.22% in 2025, the next five years will return 5.62% per annum.
NUVL Dividends
Nuvalent Inc is due to release its next quarterly earnings on 2025-Feb-26. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Nuvalent Inc (NASDAQ:NUVL)’s Major holders
Nuvalent Inc insiders own 2.90% of total outstanding shares while institutional holders control 108.02%, with the float percentage being 111.25%. DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C) is the largest shareholder of the company, while 308.0 institutions own stock in it. As of 2024-06-30, the company held over 19.99 million shares (or 30.9433% of all shares), a total value of $1.52 billion in shares.
The next largest institutional holding, with 8.87 million shares, is of FMR LLC’s that is approximately 13.7266% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $672.73 million.
Also, the Mutual Funds coming in first place with the largest holdings of Nuvalent Inc (NUVL) shares are Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . Data provided on Feb 28, 2025 indicates that Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund owns about 1.75 shares. This amounts to just over 2.65 percent of the company’s overall shares, with a $125.61 million market value. The same data shows that the other fund manager holds slightly less at 1.46, or about 2.21% of the stock, which is worth about $104.64 million.
