Companies Like Nuvalent (NASDAQ:NUVL) Can Afford To Invest In Growth [Yahoo! Finance]
Nuvalent, Inc. - Class A (NUVL)
NASDAQ:AMEX Investor Relations:
nuvelinc.com/company/investor_relations.html
Company Research
Source: Yahoo! Finance
price rise 185% over the last year, delighting many shareholders. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com? In light of its strong share price run, we think now is a good time to investigate how risky Nuvalent's cash burn is. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). Let's start with an examination of the business' cash, relative to its cash burn. See our latest analysis for Nuvalent When Might Nuvalent Run Out Of Money? A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. As at December 2023, Nuvalent had cash of US$720m and no debt. Looking at the last year, the company burnt through US$100m. That means it had a cash runway of about 7.2 years as of December 2023. While this is only one measure of its cash burn
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NUVL
News
- Jefferies starts Nuvalent at buy, cites lung cancer drug candidates [Seeking Alpha]Seeking Alpha
- Nuvalent, Inc. (NASDAQ: NUVL) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $97.00 price target on the stock.MarketBeat
- Nuvalent Presents New Preclinical Data Supporting Profiles of HER2-Selective Inhibitor, NVL-330, and ROS1-Selective Inhibitor, Zidesamtinib, at AACR Annual Meeting 2024PR Newswire
- Nuvalent, Inc. (NASDAQ: NUVL) was upgraded by analysts at Leerink Partnrs from a "market perform" rating to an "outperform" rating.MarketBeat
- Nuvalent, Inc. (NASDAQ: NUVL) was upgraded by analysts at SVB Leerink LLC from a "market perform" rating to an "outperform" rating. They now have a $110.00 price target on the stock, up previously from $69.00.MarketBeat
NUVL
Earnings
- 11/14/23 - In-Line
NUVL
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- NUVL's page on the SEC website