The stock of NovoCure Ltd (NVCR) has gone up by 25.82% for the week, with a 7.73% rise in the past month and a 7.15% rise in the past quarter. The volatility ratio for the week is 8.62%, and the volatility levels for the past 30 days are 5.82% for NVCR. The simple moving average for the past 20 days is 22.09% for NVCR’s stock, with a -4.46% simple moving average for the past 200 days.
Is It Worth Investing in NovoCure Ltd (NASDAQ: NVCR) Right Now?
The stock has a 36-month beta value of 0.64. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for NVCR is 96.75M, and at present, short sellers hold a 6.24% of that float. On May 09, 2024, the average trading volume of NVCR was 1.30M shares.
NVCR) stock’s latest price update
NovoCure Ltd (NASDAQ: NVCR)’s stock price has plunge by 3.22relation to previous closing price of 15.53. Nevertheless, the company has seen a 25.82% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that NovoCure (NVCR) came out with a quarterly loss of $0.36 per share versus the Zacks Consensus Estimate of a loss of $0.43. This compares to loss of $0.50 per share a year ago.
Analysts’ Opinion of NVCR
Many brokerage firms have already submitted their reports for NVCR stocks, with JP Morgan repeating the rating for NVCR by listing it as a “Neutral.” The predicted price for NVCR in the upcoming period, according to JP Morgan is $15 based on the research report published on November 20, 2023 of the previous year 2023.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see NVCR reach a price target of $25, previously predicting the price at $85. The rating they have provided for NVCR stocks is “Neutral” according to the report published on August 28th, 2023.
Piper Sandler gave a rating of “Overweight” to NVCR, setting the target price at $45 in the report published on August 08th of the previous year.
NVCR Trading at 12.81% from the 50-Day Moving Average
After a stumble in the market that brought NVCR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.83% of loss for the given period.
Volatility was left at 5.82%, however, over the last 30 days, the volatility rate increased by 8.62%, as shares surge +9.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.66% lower at present.
During the last 5 trading sessions, NVCR rose by +25.82%, which changed the moving average for the period of 200-days by -58.18% in comparison to the 20-day moving average, which settled at $13.20. In addition, NovoCure Ltd saw 7.37% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NVCR starting from GROENHUYSEN WILHELMUS CM, who sale 1,217 shares at the price of $16.01 back on Mar 04 ’24. After this action, GROENHUYSEN WILHELMUS CM now owns 251,235 shares of NovoCure Ltd, valued at $19,484 using the latest closing price.
Leonard Frank X, the EVP, Pres., Novocure Oncology of NovoCure Ltd, sale 840 shares at $16.01 during a trade that took place back on Mar 04 ’24, which means that Leonard Frank X is holding 160,098 shares at $13,448 based on the most recent closing price.
Stock Fundamentals for NVCR
Current profitability levels for the company are sitting at:
- -0.41 for the present operating margin
- 0.75 for the gross margin
The net margin for NovoCure Ltd stands at -0.37. The total capital return value is set at -0.22. Equity return is now at value -48.70, with -16.79 for asset returns.
Based on NovoCure Ltd (NVCR), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at -0.13. The debt to equity ratio resting at 1.87. The interest coverage ratio of the stock is -23.35.
Currently, EBITDA for the company is -176.66 million with net debt to EBITDA at -0.89. When we switch over and look at the enterprise to sales, we see a ratio of 3.55. The receivables turnover for the company is 6.07for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.26.
Conclusion
To sum up, NovoCure Ltd (NVCR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
