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The price of NovoCure Ltd (NASDAQ: NVCR) closed at $30.19 in the last session, up 0.67% from day before closing price of $29.99. In other words, the price has increased by $0.67 from its previous closing price. On the day, 1.0 million shares were traded. NVCR stock price reached its highest trading level at $30.61 during the session, while it also had its lowest trading level at $29.8.
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 Jan 02 ’25 when WILHELMUS C. GROENHUYSEN bought 266,085 shares for $29.80 per share.
Paravasthu Mukund sold 44 shares of NVCR for $734 on Nov 02 ’24. The Chief Operating Officer now owns 3,459 shares after completing the transaction at $16.69 per share. On Oct 31 ’24, another insider, Puri Michal Nath, who serves as the Chief Human Resources Officer of the company, sold 810 shares for $15.79 each. As a result, the insider received 12,792 and left with 110,093 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 3266588160 and an Enterprise Value of 2982329344. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.69 while its Price-to-Book (P/B) ratio in mrq is 9.05. Its current Enterprise Value per Revenue stands at 5.162 whereas that against EBITDA is -21.21.
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 29.88%, while the 200-Day Moving Average is calculated to be 59.72%.
Shares Statistics:
According to the various share statistics, NVCR traded on average about 1.33M shares per day over the past 3-months and 871150 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 85.92% stake in the company. Shares short for NVCR as of 1734048000 were 5192908 with a Short Ratio of 3.90, compared to 1731628800 on 5669287. Therefore, it implies a Short% of Shares Outstanding of 5192908 and a Short% of Float of 5.7299999999999995.
