How to Buy Nuvalent Stock
Nuvalent Inc
Nuvalent, Inc. , a clinical stage biopharmaceutical company, develops therapies for patients with cancer.
Nuvalent stock last closed at $67.95, up 1.63% from the previous day, and has increased 74.14% in one year. It has overperformed other stocks in the Biotechnology industry by 0.97 percentage points. Nuvalent stock is currently +92.55% from its 52-week low of $35.29, and -23.98% from its 52-week high of $89.39.
There are currently 64.07M NUVL shares outstanding. The market capitalization of NUVL is $4.35B. In the last 24 hours, 370,023 NUVL shares were traded.
How to Buy Nuvalent Stock
Not sure how to invest in Nuvalent stock? Here's how.
- Figure out where to buy Nuvalent stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you decide where to buy Nuvalent stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Pick your method of payment and add your information.
- Evaluate Nuvalent stock: The Nuvalent ticker symbol is NUVL. Is Nuvalent stock a good investment? Should you buy shares of NUVL? How do NUVL's underlying business fundamentals look? Do top analysts think Nuvalent is a good buy? Why has NUVL's stock price moved recently? (Hint: Our stock research website can help you decide if NUVL is a good stock to buy).
- Place your NUVL buy order: Decide if you will purchase NUVL shares at the current market price or use a limit order to purchase NUVL stock at a given price.
- Keep tabs on your investment in NUVL: Create a watchlist to keep track of your new investment in Nuvalent shares.
Step 1: Figure out where to buy Nuvalent stock
You will need a brokerage account in order to access the NASDAQ market and buy NUVL stock.
Our preferred brokerage: eToro
We believe that eToro is the best place to buy stocks. Here's why:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to global financial markets: From Tech to Financial Services, New York to Tokyo — you can fill your portfolio with stocks from the world's top stock exchanges.
- Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal info so you can invest in NUVL stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create a new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've filled out your info on one of the best stock apps, you need to deposit funds:
Watch the tutorial below if you need help depositing money into your new investment account.
Step 4: Evaluate Nuvalent stock
After you have selected the best place to buy Nuvalent stock, it's important to analyze their stock prior to investing, so you truly wrap your head around the risk and upside.
Nuvalent Numbers
Nuvalent Due Diligence Checks
WallStreetZen was designed to help average investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on NUVL's stock page.
How is NUVL stock valued?
You can use many financial metrics, analyses, models, and charts to gauge NUVL's fair value.
Using relative valuations measures:
- NUVL may be overvalued based on its P/B ratio of 6.21x, relative to Biotechnology industry P/B ratio of 5.91x
You can do more valuation analysis on NUVL's stock here.
A look at NUVL Cashflows and Balance Sheet
Positive Health Checks:
- NUVL has $719.91M in cash and short term investments. This is sufficient to cover its annual cash burn of $99.74M.
- There are more short-term assets than short-term liabilities on the NUVL balance sheet.
- NUVL has a low debt to equity ratio of 0.05.
- There are more short-term assets than long-term liabilities on the NUVL balance sheet.
- NUVL has cash burn of 99739000. It has sufficient cash and short-term investments to cover this for at least one year.
Is it a good time to buy Nuvalent stock, according to analysts?
Out of 6 Wall Street analysts who give ratings on NUVL, the consensus analyst rating on NUVL is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest NUVL Analyst Forecasts
Colleen Kusy, a bottom 4% analyst from Baird initiates coverage on NUVL with a buy rating and announces their NUVL price target of $105.00, on Feb 23, 2024.
You can dig deeper into what analysts are saying on the Nuvalent stock forecast page.
NUVL Trading Indicators
Are NUVL insiders buying or selling the stock?
In the past year, executives and large shareholders at NUVL have sold more shares than they have bought.
Matthew Shair, Director of NUVL, was the latest NUVL insider to sell. They sold $945,218.00 worth of NUVL stock on Apr 22, 2024.
Learn more about who owns NUVL shares here.
Does NUVL provide a stable income stream?
No, Nuvalent doesn't provide an income stream by paying out dividends.
What do other investors have to say about NUVL?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your NUVL buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount limit, place a limit order.
Click the Open button and eToro will execute the order.
If you want more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your investment in NUVL
Now that you own some NUVL stock, you'll want to stay up-to-date on your investment.
Make a watchlist to keep track of your NUVL stock.
NUVL Feed
How to Buy Stock in Nuvalent
To summarize, here are the 6 steps to buy Nuvalent stock:
- Figure out where to buy Nuvalent stock
- Create a brokerage account
- Put funds into your investment account
- Evaluate Nuvalent stock
- Place your NUVL buy order
- Keep tabs on your investment in NUVL
If you need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Nuvalent, add NUVL to your watchlist below.
More Stock Buying Guides You May Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.