Nuvalent Stock Price on May 3, 2024
| NUVL Stock | USD 96.68 0.08 0.08% |
If you're considering investing in Nuvalent Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nuvalent stands at 96.68, as last reported on the 29th of November, with the highest price reaching 97.14 and the lowest price hitting 95.06 during the day. Nuvalent appears to be very steady, given 3 months investment horizon. Nuvalent has Sharpe Ratio of 0.0722, which conveys that the firm had a 0.0722% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nuvalent, which you can use to evaluate the volatility of the firm. Please exercise Nuvalent's Downside Deviation of 2.95, risk adjusted performance of 0.0602, and Mean Deviation of 2.22 to check out if our risk estimates are consistent with your expectations.
At this time, Nuvalent's Total Stockholder Equity is quite stable compared to the past year. Liabilities And Stockholders Equity is expected to rise to about 769 M this year, although the value of Capital Stock will most likely fall to 3,960. . At this time, Nuvalent's Price Book Value Ratio is quite stable compared to the past year. Price To Book Ratio is expected to rise to 6.42 this year, although the value of Price Earnings To Growth Ratio will most likely fall to (0.76). Nuvalent Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nuvalent |
Sharpe Ratio = 0.0722
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Estimated Market Risk
| 4.4 actual daily | 39 61% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Nuvalent is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nuvalent by adding it to a well-diversified portfolio.
Price Book 6.1323 | Book Value 15.806 | Enterprise Value 5.7 B | Enterprise Value Ebitda (22.26) | Shares Float 41 M |
Related Headline
Replimune Headline on 3rd of May 2024
Filed transaction by Replimune Group Director. Grant, award or other acquisition pursuant to Rule 16b-3
Nuvalent Valuation on May 3, 2024
It is possible to determine the worth of Nuvalent on a given historical date. On May 3, 2024 Nuvalent was worth 73.48 at the beginning of the trading date compared to the closed value of 70.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nuvalent stock. Still, in general, we apply an absolute valuation method to find Nuvalent's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nuvalent where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nuvalent's related companies.
| Open | High | Low | Close | Volume | |
| 71.52 | 73.29 | 70.96 | 72.49 | 325,740 | |
05/03/2024 | 73.48 | 74.79 | 70.13 | 70.35 | 346,463 |
| 69.99 | 70.69 | 68.79 | 69.25 | 278,456 |
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Nuvalent Trading Date Momentum on May 3, 2024
| On May 06 2024 Nuvalent was traded for 69.25 at the closing time. The top price for the day was 70.69 and the lowest listed price was 68.79 . The trading volume for the day was 278.5 K. The trading history from May 6, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.56% . The trading delta at closing time against the current closing price is 5.64% . |
Nuvalent Fundamentals Correlations and Trends
By evaluating Nuvalent's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nuvalent's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nuvalent financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nuvalent Stock history
Nuvalent investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nuvalent is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nuvalent will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nuvalent stock prices may prove useful in developing a viable investing in Nuvalent
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 58.2 M | 55.6 M | |
| Net Loss | -73.7 M | -70 M |
Nuvalent Quarterly Net Working Capital |
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Nuvalent Stock Technical Analysis
Nuvalent technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Nuvalent Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Nuvalent cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Nuvalent November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Nuvalent stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nuvalent shares will generate the highest return on investment. By undertsting and applying Nuvalent stock market strength indicators, traders can identify Nuvalent entry and exit signals to maximize returns
Nuvalent Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nuvalent's price direction in advance. Along with the technical and fundamental analysis of Nuvalent Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nuvalent to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0602 | |||
| Jensen Alpha | 0.0926 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0564 | |||
| Treynor Ratio | 0.1718 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuvalent. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For more information on how to buy Nuvalent Stock please use our How to buy in Nuvalent Stock guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nuvalent. If investors know Nuvalent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nuvalent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.49) | Return On Assets (0.19) | Return On Equity (0.30) |
The market value of Nuvalent is measured differently than its book value, which is the value of Nuvalent that is recorded on the company's balance sheet. Investors also form their own opinion of Nuvalent's value that differs from its market value or its book value, called intrinsic value, which is Nuvalent's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nuvalent's market value can be influenced by many factors that don't directly affect Nuvalent's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nuvalent's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuvalent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuvalent's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.