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After finishing at $16.87 in the prior trading day, NovoCure Ltd (NASDAQ: NVCR) closed at $16.78, down -0.53%. In other words, the price has decreased by -$0.53 from its previous closing price. On the day, 1.15 million shares were traded. NVCR stock price reached its highest trading level at $16.91 during the session, while it also had its lowest trading level at $16.56.
Ratios:
Our goal is to gain a better understanding of NVCR by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1805712640 and an Enterprise Value of 1530826880. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.44 while its Price-to-Book (P/B) ratio in mrq is 5.02. Its current Enterprise Value per Revenue stands at 2.912 whereas that against EBITDA is -7.826.
Stock Price History:
Over the past 52 weeks, NVCR has reached a high of $42.69, while it has fallen to a 52-week low of $10.87. The 50-Day Moving Average of the stock is -10.94%, while the 200-Day Moving Average is calculated to be 9.20%.
Shares Statistics:
The stock has traded on average 1.47M shares per day over the past 3-months and 2743540 shares per day over the last 10 days, according to various share statistics. A total of 107.08M shares are outstanding, with a floating share count of 96.74M. Insiders hold about 10.11% of the company’s shares, while institutions hold 83.71% stake in the company. Shares short for NVCR as of 1718323200 were 5585065 with a Short Ratio of 3.80, compared to 1715731200 on 5638623. Therefore, it implies a Short% of Shares Outstanding of 5585065 and a Short% of Float of 6.21.
