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The price of NovoCure Ltd (NASDAQ: NVCR) closed at $19.02 in the last session, up 1.98% from day before closing price of $18.65. In other words, the price has increased by $1.98 from its previous closing price. On the day, 1.17 million shares were traded. NVCR stock price reached its highest trading level at $19.36 during the session, while it also had its lowest trading level at $17.85.
Ratios:
We take a closer look at NVCR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 6.22 and its Current Ratio is at 6.46. In the meantime, Its Debt-to-Equity ratio is 1.87 whereas as Long-Term Debt/Eq ratio is at 1.87.
On August 28, 2023, H.C. Wainwright Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $85 to $25.
Piper Sandler Upgraded its Neutral to Overweight on August 08, 2023, while the target price for the stock was maintained at $45.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 04 ’24 when VERNON W ANTHONY sold 964 shares for $23.89 per share. The transaction valued at 23,033 led to the insider holds 164,833 shares of the business.
Scannell Timothy J sold 964 shares of NVCR for $23,027 on Jun 04 ’24. The Director now owns 2,964 shares after completing the transaction at $23.89 per share. On Jun 04 ’24, another insider, LEUNG GABRIEL, who serves as the Director of the company, sold 964 shares for $23.89 each. As a result, the insider received 23,025 and left with 78,175 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NVCR now has a Market Capitalization of 2058287360 and an Enterprise Value of 1782311680. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.74 while its Price-to-Book (P/B) ratio in mrq is 5.68. Its current Enterprise Value per Revenue stands at 3.241 whereas that against EBITDA is -10.71.
Stock Price History:
Over the past 52 weeks, NVCR has reached a high of $41.51, while it has fallen to a 52-week low of $10.87. The 50-Day Moving Average of the stock is -4.79%, while the 200-Day Moving Average is calculated to be 22.88%.
Shares Statistics:
According to the various share statistics, NVCR traded on average about 1.50M shares per day over the past 3-months and 1083800 shares per day over the past 10 days. A total of 107.08M shares are outstanding, with a floating share count of 97.28M. Insiders hold about 10.11% of the company’s shares, while institutions hold 84.06% stake in the company. Shares short for NVCR as of 1721001600 were 7015439 with a Short Ratio of 4.69, compared to 1718323200 on 5585065. Therefore, it implies a Short% of Shares Outstanding of 7015439 and a Short% of Float of 7.8.
