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The closing price of NovoCure Ltd (NASDAQ: NVCR) was $16.74 for the day, up 2.26% from the previous closing price of $16.37. In other words, the price has increased by $2.26 from its previous closing price. On the day, 0.67 million shares were traded. NVCR stock price reached its highest trading level at $16.85 during the session, while it also had its lowest trading level at $16.33.
Ratios:
Our analysis of NVCR’s different ratios will help us gain a deeper understanding of the company. 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.
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, H.C. Wainwright on October 16, 2024, Upgraded its rating to Buy and sets its target price to $30 from $24 previously.
H.C. Wainwright Downgraded its Buy to Neutral on August 28, 2023, whereas the target price for the stock was revised from $85 to $25.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 1811552512 and an Enterprise Value of 1535575808. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.29 while its Price-to-Book (P/B) ratio in mrq is 5.00. Its current Enterprise Value per Revenue stands at 2.792 whereas that against EBITDA is -9.227.
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 -0.65%, while the 200-Day Moving Average is calculated to be -0.62%.
Shares Statistics:
NVCR traded an average of 1.13M shares per day over the past three months and 1757520 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 85.86% stake in the company. Shares short for NVCR as of 1728950400 were 5775914 with a Short Ratio of 5.12, compared to 1726185600 on 6105781. Therefore, it implies a Short% of Shares Outstanding of 5775914 and a Short% of Float of 6.38.
