Prepare Yourself for Liftoff: NovoCure Ltd (NVCR)

With 0.88 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.04 million shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $20.2399 whereas the lowest price it dropped to was $19.6. The 52-week range on NVCR shows that it touched its highest point at $24.74 and its lowest point at $11.29 during that stretch. It currently has a 1-year price target of $26.71. Beta for the stock currently stands at 0.73.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NVCR was up-trending over the past week, with a rise of 17.26%, but this was up by 17.95% over a month. Three-month performance surged to 3.09% while six-month performance fell -8.95%. The stock gained 62.27% in the past year, while it has gained 34.23% so far this year. A look at the trailing 12-month EPS for NVCR yields -1.39 with Next year EPS estimates of -1.58. For the next quarter, that number is -0.35. This implies an EPS growth rate of 32.97% for this year and -21.09% for next year.

Float and Shares Shorts:

At present, 107.08 million NVCR shares are outstanding with a float of 97.35 million shares on hand for trading. On 2024-11-15, short shares totaled 5.67 million, which was 523.99997 higher than short shares on 1728950400. In addition to Mr. William F. Doyle as the firm’s Executive Chairman, Mr. Asaf Danziger serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 0.86673 of NVCR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, NVCR reported revenue of $155095000.0 and operating income of -$32092000.0. The EBITDA in the recently reported quarter was -$29634000.0 and diluted EPS was -$0.28.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NVCR since 5 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NVCR analysts setting a high price target of 40.0 and a low target of 18.0, the average target price over the next 12 months is 26.71429. Based on these targets, NVCR could surge 99.6% to reach the target high and fall by -10.18% to reach the target low. Reaching the average price target will result in a growth of 33.3% from current levels.

Analysts have provided yearly estimates in a range of -$1.24727 being high and -$1.36701 being low. For NVCR, this leads to a yearly average estimate of -$1.30714.