The stock of NovoCure Ltd (NVCR) has gone down by -6.12% for the week, with a -7.27% drop in the past month and a -7.43% drop in the past quarter. The volatility ratio for the week is 6.09%, and the volatility levels for the past 30 days are 6.31% for NVCR. The simple moving average for the last 20 days is -1.85% for NVCR stock, with a simple moving average of -2.91% for the last 200 days.
Is It Worth Investing in NovoCure Ltd (NASDAQ: NVCR) Right Now?
Additionally, the 36-month beta value for NVCR is 0.70. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NVCR is 97.35M and currently, short sellers hold a 6.12% ratio of that float. The average trading volume of NVCR on November 15, 2024 was 1.07M shares.
NVCR) stock’s latest price update
The stock of NovoCure Ltd (NASDAQ: NVCR) has decreased by -7.38 when compared to last closing price of 17.89. Despite this, the company has experienced a -6.12% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-30 that NovoCure Limited (NASDAQ:NVCR ) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Ingrid Goldberg – IR Bill Doyle – Chairman Ashley Cordova – CFO Asaf Danziger – CEO Frank Leonard – EVP and President of NovoCure Oncology Nicolas Leupin – Chief Medical Officer Conference Call Participants Jason Bednar – Piper Sandler Jonathan Chang – Leerink Partners Emily Bodnar – H.C. Wainwright Jessica Fye – JPMorgan Operator Good day, and thank you for standing by.
Analysts’ Opinion of NVCR
Many brokerage firms have already submitted their reports for NVCR stocks, with H.C. Wainwright repeating the rating for NVCR by listing it as a “Buy.” The predicted price for NVCR in the upcoming period, according to H.C. Wainwright is $30 based on the research report published on October 16, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see NVCR reach a price target of $15. The rating they have provided for NVCR stocks is “Neutral” according to the report published on November 20th, 2023.
H.C. Wainwright gave a rating of “Neutral” to NVCR, setting the target price at $25 in the report published on August 28th of the previous year.
NVCR Trading at -0.02% 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 -33.01% of loss for the given period.
Volatility was left at 6.31%, however, over the last 30 days, the volatility rate increased by 6.09%, as shares sank -1.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.20% lower at present.
During the last 5 trading sessions, NVCR fell by -6.12%, which changed the moving average for the period of 200-days by +19.04% in comparison to the 20-day moving average, which settled at $16.88. In addition, NovoCure Ltd saw 10.98% 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 Paravasthu Mukund, who sale 44 shares at the price of $16.69 back on Nov 02 ’24. After this action, Paravasthu Mukund now owns 3,459 shares of NovoCure Ltd, valued at $734 using the latest closing price.
Puri Michal Nath, the Chief Human Resources Officer of NovoCure Ltd, sale 810 shares at $15.79 during a trade that took place back on Oct 31 ’24, which means that Puri Michal Nath is holding 110,093 shares at $12,792 based on the most recent closing price.
Stock Fundamentals for NVCR
Current profitability levels for the company are sitting at:
- -0.28 for the present operating margin
- 0.76 for the gross margin
The net margin for NovoCure Ltd stands at -0.26. The total capital return value is set at -0.33. Equity return is now at value -39.70, with -12.65 for asset returns.
Based on NovoCure Ltd (NVCR), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at -0.06. The debt to equity ratio resting at 1.81. The interest coverage ratio of the stock is -17.33.
Currently, EBITDA for the company is -175.87 million with net debt to EBITDA at -3.47. When we switch over and look at the enterprise to sales, we see a ratio of 3.92. The receivables turnover for the company is 8.62for 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 1.49.
Conclusion
In conclusion, NovoCure Ltd (NVCR) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
