Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, NovoCure Ltd (NASDAQ: NVCR) closed at $23.67 down -0.34% from its previous closing price of $23.75. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 0.96 million shares were traded.
Ratios:
For a deeper understanding of NovoCure Ltd’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 11 ’25 when Paravasthu Mukund sold 2,160 shares for $26.81 per share. The transaction valued at 57,906 led to the insider holds 31,437 shares of the business.
MUKUND PARAVASTHU bought 2,160 shares of NVCR for $57,788 on Jan 13 ’25. On Jan 02 ’25, another insider, WILHELMUS C. GROENHUYSEN, who serves as the Officer of the company, bought 266,085 shares for $29.80 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 4.43 while its Price-to-Book (P/B) ratio in mrq is 7.09.
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 -12.60%, while the 200-Day Moving Average is calculated to be 17.46%.
Shares Statistics:
A total of 108.10M shares are outstanding, with a floating share count of 96.95M. Insiders hold about 10.40% of the company’s shares, while institutions hold 85.47% stake in the company.
