In last trading session, NovoCure Ltd (NASDAQ:NVCR) saw 1.81 million shares changing hands with its beta currently measuring 0.72. Company’s recent per share price level of $31.54 trading at -$0.56 or -1.73% at ring of the bell on the day assigns it a market valuation of $3.41B. That closing price of NVCR’s stock is at a discount of -7.8% from its 52-week high price of $34.00 and is indicating a premium of 62.9% from its 52-week low price of $11.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.35 million shares which gives us an average trading volume of 1.29 million if we extend that period to 3-months.
For NovoCure Ltd (NVCR), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 1.57. Splitting up the data highlights that, out of 5 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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NovoCure Ltd (NASDAQ:NVCR) trade information
Upright in the red during last session for losing -1.73%, in the last five days NVCR remained trading in the green while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $31.54 price level, adding 7.59% to its value on the day. NovoCure Ltd’s shares saw a change of 111.25% in year-to-date performance and have moved 1.32% in past 5-day. NovoCure Ltd (NASDAQ:NVCR) showed a performance of 100.51% in past 30-days. Number of shares sold short was 5.63 million shares which calculate 6.23 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 30 to the stock, which implies a fall of -5.13% to its current value. Analysts have been projecting 30 as a low price target for the stock while placing it at a high target of 30. It follows that stock’s current price would jump 4.88% in reaching the projected high whereas dropping to the targeted low would mean a gain of 4.88% for stock’s current value.
NovoCure Ltd (NVCR) estimates and forecasts
Statistics highlight that NovoCure Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company added 64.49% of value to its shares in past 6 months, showing an annual growth rate of 32.31% while that of industry is 17.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -22.97% during past 5 years.
NovoCure Ltd (NASDAQ:NVCR)’s Major holders
Insiders are in possession of 9.26% of company’s total shares while institution are holding 87.51 percent of that, with stock having share float percentage of 96.44%. Investors also watch the number of corporate investors in a company very closely, which is 87.51% institutions for NovoCure Ltd that are currently holding shares of the company. FMR LLC is the top institutional holder at NVCR for having 16.14 million shares of worth $276.51 million. And as of 2024-06-30, it was holding 15.0482 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 12.13 million shares on 2024-06-30. The number of shares represents firm’s hold over 11.3106 of outstanding shares, having a total worth of $207.83 million.
