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As of close of business last night, NovoCure Ltd’s stock clocked out at $17.78, up 10.71% from its previous closing price of $16.06. In other words, the price has increased by $10.71 from its previous closing price. On the day, 2.48 million shares were traded. NVCR stock price reached its highest trading level at $19.33 during the session, while it also had its lowest trading level at $15.91.
Ratios:
To gain a deeper understanding of NVCR’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 1924098304 and an Enterprise Value of 1648121984. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.50 while its Price-to-Book (P/B) ratio in mrq is 5.31. Its current Enterprise Value per Revenue stands at 2.997 whereas that against EBITDA is -9.903.
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 3.56%, while the 200-Day Moving Average is calculated to be 6.20%.
Shares Statistics:
It appears that NVCR traded 995.37K shares on average per day over the past three months and 949090 shares per day over the past ten 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 85.77% stake in the company. Shares short for NVCR as of 1727654400 were 5488718 with a Short Ratio of 5.51, compared to 1724976000 on 6233438. Therefore, it implies a Short% of Shares Outstanding of 5488718 and a Short% of Float of 6.0599998.
