Financial Snapshot: Analyzing NovoCure Ltd (NVCR)’s Key Ratio Metrics

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The closing price of NovoCure Ltd (NASDAQ: NVCR) was $22.15 for the day, down -4.24% from the previous closing price of $23.13. In other words, the price has decreased by -$4.24 from its previous closing price. On the day, 1.05 million shares were traded. NVCR stock price reached its highest trading level at $22.991 during the session, while it also had its lowest trading level at $21.96.


Our analysis of NVCR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.99 and its Current Ratio is at 6.26. In the meantime, Its Debt-to-Equity ratio is 1.66 whereas as Long-Term Debt/Eq ratio is at 1.66.

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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 2383583488 and an Enterprise Value of 2108698368. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.53 while its Price-to-Book (P/B) ratio in mrq is 6.63. Its current Enterprise Value per Revenue stands at 4.012 whereas that against EBITDA is -10.78.

Stock Price History:

Over the past 52 weeks, NVCR has reached a high of $75.16, while it has fallen to a 52-week low of $10.87. The 50-Day Moving Average of the stock is 32.81%, while the 200-Day Moving Average is calculated to be 40.99%.

Shares Statistics:

NVCR traded an average of 1.41M shares per day over the past three months and 1248470 shares per day over the past ten days. A total of 107.08M shares are outstanding, with a floating share count of 96.89M. Insiders hold about 9.96% of the company’s shares, while institutions hold 83.80% stake in the company. Shares short for NVCR as of 1715731200 were 5638623 with a Short Ratio of 4.00, compared to 1713139200 on 6035477. Therefore, it implies a Short% of Shares Outstanding of 5638623 and a Short% of Float of 6.2700000000000005.

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