NVCT stock is currently trading at $6.715, recovering slightly after a sharp 43% drop due to disappointing Phase 1b trial results for NXP800. The bearish sentiment stems from safety concerns like thrombocytopenia and limited efficacy, though the company plans to adjust dosing and release further data in Q2 2025. Bulls may argue that FDA Fast Track and Orphan Drug Designations provide long-term potential, but near-term risks dominate.