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The price of NovoCure Ltd (NASDAQ: NVCR) closed at $30.49 in the last session, down -1.01% from day before closing price of $30.80. In other words, the price has decreased by -$1.01 from its previous closing price. On the day, 0.71 million shares were traded. NVCR stock price reached its highest trading level at $30.99 during the session, while it also had its lowest trading level at $29.9.
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 1.44 and its Current Ratio is at 1.49. In the meantime, Its Debt-to-Equity ratio is 1.87 whereas as Long-Term Debt/Eq ratio is at 0.33.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Evercore ISI on December 02, 2024, Upgraded its rating to Outperform and sets its target price to $30 from $18 previously.
On October 16, 2024, H.C. Wainwright Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $24 to $30.
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 Nov 02 ’24 when Paravasthu Mukund sold 44 shares for $16.69 per share. The transaction valued at 734 led to the insider holds 3,459 shares of the business.
Puri Michal Nath sold 810 shares of NVCR for $12,792 on Oct 31 ’24. The Chief Human Resources Officer now owns 110,093 shares after completing the transaction at $15.79 per share. On Nov 01 ’24, another insider, Leonard Frank X, who serves as the EVP, Pres., Novocure Oncology of the company, sold 598 shares for $15.94 each. As a result, the insider received 9,531 and left with 161,236 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 3299048448 and an Enterprise Value of 3048332288. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.79 while its Price-to-Book (P/B) ratio in mrq is 9.14. Its current Enterprise Value per Revenue stands at 5.276 whereas that against EBITDA is -21.679.
Stock Price History:
Over the past 52 weeks, NVCR has reached a high of $34.13, while it has fallen to a 52-week low of $11.70. The 50-Day Moving Average of the stock is 42.90%, while the 200-Day Moving Average is calculated to be 66.21%.
Shares Statistics:
According to the various share statistics, NVCR traded on average about 1.33M shares per day over the past 3-months and 1345030 shares per day over the past 10 days. A total of 108.10M shares are outstanding, with a floating share count of 97.35M. Insiders hold about 10.03% of the company’s shares, while institutions hold 85.90% stake in the company. Shares short for NVCR as of 1732838400 were 5633356 with a Short Ratio of 4.25, compared to 1730332800 on 5956142. Therefore, it implies a Short% of Shares Outstanding of 5633356 and a Short% of Float of 6.22.
