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The price of NovoCure Ltd (NASDAQ: NVCR) closed at $14.66 in the last session, up 0.34% from day before closing price of $14.61. In other words, the price has increased by $0.34 from its previous closing price. On the day, 1.2 million shares were traded. NVCR stock price reached its highest trading level at $14.835 during the session, while it also had its lowest trading level at $14.17.
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 Aug 02 ’24 when Cordova Ashley sold 688 shares for $20.14 per share. The transaction valued at 13,857 led to the insider holds 219,179 shares of the business.
VERNON W ANTHONY sold 964 shares of NVCR for $23,033 on Jun 04 ’24. The Director now owns 164,833 shares after completing the transaction at $23.89 per share. On Jun 04 ’24, another insider, Scannell Timothy J, who serves as the Director of the company, sold 964 shares for $23.89 each. As a result, the insider received 23,027 and left with 2,964 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 1586461184 and an Enterprise Value of 1310483456. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.88 while its Price-to-Book (P/B) ratio in mrq is 4.38. Its current Enterprise Value per Revenue stands at 2.383 whereas that against EBITDA is -7.875.
Stock Price History:
Over the past 52 weeks, NVCR has reached a high of $24.74, while it has fallen to a 52-week low of $10.87. The 50-Day Moving Average of the stock is -17.46%, while the 200-Day Moving Average is calculated to be -12.23%.
Shares Statistics:
According to the various share statistics, NVCR traded on average about 1.03M shares per day over the past 3-months and 709650 shares per day over the past 10 days. A total of 107.08M shares are outstanding, with a floating share count of 97.51M. Insiders hold about 9.89% of the company’s shares, while institutions hold 85.79% stake in the company. Shares short for NVCR as of 1726185600 were 6105781 with a Short Ratio of 5.91, compared to 1723680000 on 6480903. Therefore, it implies a Short% of Shares Outstanding of 6105781 and a Short% of Float of 6.74.
