NovoCure Limited (NASDAQ:NVCR) has an average rating of Moderate Buy from analysts.

NovoCure Limited (NASDAQ:NVCR – Get Rating) stock has received an average recommendation of “Moderate Buy” from the eight research firms currently covering the company, reports Marketbeat Ratings. One equity analyst has rated the stock with a sell rating, two with a hold rating and five with a buy rating for the company. The average 12-month target price among brokers who have rated the stock over the past year is $102.00.

NVCR has been the subject of several analyst reports. Truist Financial lowered its price target on NovoCure to $102.00 from $105.00 and gave the stock a “buy” rating in a research note on Friday, October 28. HC Wainwright lowered its price target on NovoCure to $100.00 from $115.00 and gave the company a buy rating in a report on Friday, October 28. StockNews.com began coverage of NovoCure in a research note on Wednesday, October 12th. They gave the company a “hold” rating. Wells Fargo & Company upgraded NovoCure from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 29, and raised the company’s price target to $89.00 from $74.00. Finally, Piper Sandler lowered NovoCure from an “overweight” rating to a “neutral” rating and lowered the price target on the stock to $70.00 from $90.00 in a report on Monday, October 24.

NovoCure stock up 0.3%

Shares of NovoCure opened at $74.78 on Friday. The stock has a 50-day simple moving average of $74.75 and a 200-day simple moving average of $75.76. NovoCure has a 52-week low of $56.39 and a 52-week high of $90.98. The company has a gearing ratio of 1.27, a current ratio of 7.81 and a quick ratio of 7.62. The company has a market cap of $7.85 billion, a price-to-earnings ratio of -97.12 and a beta of 0.77.

READ :  Health care building, site work starting soon

NovoCure (NASDAQ:NVCR – Get Rating) last reported its quarterly results on Thursday, October 27th. The medical equipment maker reported earnings per share of ($0.25) for the quarter, beating analyst consensus estimates of ($0.30) by $0.05. The company had revenue of $131.00 million for the quarter, compared to analysts’ expectations of $134.83 million. NovoCure had a negative return on equity of 18.85% and a negative net margin of 15.05%. On average, equity analysts expect NovoCure to report earnings per share of -0.84 for the current fiscal year.

Insider activity at NovoCure

In other news from NovoCure, insider Frank X. Leonard sold 6,754 shares of the stock in one transaction on Thursday, September 29. The stock sold at an average price of $77.35 for a total transaction of $522,421.90. Following the sale, the insider now owns 57,134 shares of the company’s stock valued at $4,419,314.90. The transaction was disclosed in a document filed with the SEC, available at this hyperlink. During the most recent quarter, insiders sold 27,016 shares of the company’s shares for $2,125,686. Insiders own 6.22% of the company’s stock.

Institutional inflows and outflows

Institutional investors and hedge funds have recently changed their stock holdings. Capital International Sarl increased its stake in NovoCure by 11.3% in the first quarter. Capital International Sarl now owns 51,581 shares of the medical equipment maker valued at $4,273,000 after purchasing an additional 5,237 shares during the period. TD Asset Management Inc. increased its stake in NovoCure shares by 75.7% in the first quarter. TD Asset Management Inc. now owns 108,680 shares of the $9,004,000 medical equipment maker after buying another 46,816 shares last quarter. UBS Asset Management Americas Inc. increased its stake in NovoCure shares by 38.0% in the second quarter. UBS Asset Management Americas Inc. now owns 430,820 shares of the medical device maker, valued at $29,942,000, after buying another 118,577 shares last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in NovoCure by 3.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 266,777 shares of the medical device maker, valued at $18,541,000, after purchasing an additional 8,933 shares last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding SA acquired a new stake in NovoCure valued at $224,000 in Q1. 76.45% of the shares are owned by institutional investors.

READ :  Here's how Indiana GOP lawmakers are hoping to address high healthcare costs

About NovoCure

(get rating)

NovoCure Limited, an oncology company, is engaged in the development, manufacture and marketing of TTFields (Tumor Treating Fields) devices for the treatment of solid tumors in the United States, Europe, the Middle East, Africa, Japan and Greater China. Its TTFields devices include Optune for the treatment of glioblastoma; and Optune Lua for the treatment of malignant pleural mesothelioma.

Selected items

Analyst Recommendations for NovoCure (NASDAQ:NVCR)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected]

Before you consider NovoCure, here’s what you should hear.

MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are whispering to their clients to buy now, before the broader market takes hold… and NovoCure didn’t make the list.

While NovoCure is currently rated a “Moderate Buy” by analysts, top analysts believe these five stocks are better buys.

Check out the five stocks here

Leave a Reply

Your email address will not be published. Required fields are marked *