Nuvalent Inc (NASDAQ:NUVL) price on Friday, April 11, rose 6.94% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $66.29.
A look at the stock’s price movement, the close in the last trading session was $61.99, moving within a range at $60.245 and $66.51. The beta value (5-Year monthly) was 1.431. Turning to its 52-week performance, $113.51 and $55.53 were the 52-week high and 52-week low respectively. Overall, NUVL moved -11.00% over the past month.
Nuvalent Inc’s market cap currently stands at around $4.75 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NUVL is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend NUVL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NUVL’s current price about -6.63% and -12.01% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.04, while 7-day volatility ratio is 14.28% and 6.77% in the 30-day chart. Further, Nuvalent Inc (NUVL) has a beta value of 1.48, and an average true range (ATR) of 4.96. Analysts have given the company’s stock an average 52-week price target of $117, forecast between a low of $100 and high of $134. Looking at the price targets, the low is -50.85% off current price level while to achieve the yearly target high, price needs to move -102.14%. Nonetheless, investors will most likely welcome a -76.5% jump to $117 which is the analysts’ median price.
If we refocus on Nuvalent Inc (NASDAQ:NUVL), historical trading data shows that trading volumes averaged 0.85 over the past 10 days and 564.35K over the past 3 months. The company’s latest data on shares outstanding shows there are 65.91 million shares.
The 38.07% of Nuvalent Inc’s shares are in the hands of company insiders while institutional holders own 71.73% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.49 million on 2025-03-14, giving us a short ratio of 9.79. The data shows that as of 2025-03-14 short interest in Nuvalent Inc (NUVL) stood at 2011.0 of shares outstanding, with shares short rising to 5.47 million registered in 2025-02-14. Current price change has pushed the stock -15.32% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NUVL stock continues to rise going into the next quarter.
