NovoCure (NVCR) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NovoCure in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NVCR shares.
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9 brokerages have issued 12-month target prices for NovoCure's stock. Their NVCR share price forecasts range from $25.00 to $102.00. On average, they predict the company's share price to reach $52.38 in the next year. This suggests a possible upside of 201.9% from the stock's current price.
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NovoCure's stock was trading at $73.35 on January 1st, 2023. Since then, NVCR shares have decreased by 76.3% and is now trading at $17.35.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
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NovoCure Limited (NASDAQ:NVCR) posted its quarterly earnings data on Thursday, July, 27th. The medical equipment provider reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.50) by $0.04. The medical equipment provider had revenue of $126.05 million for the quarter, compared to the consensus estimate of $124.25 million. NovoCure had a negative trailing twelve-month return on equity of 40.21% and a negative net margin of 34.35%. The company's revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.23) EPS.

ETFs with the largest weight of NovoCure (NASDAQ:NVCR) stock in their portfolio include BlueStar Israel Technology ETF (ITEQ), VanEck Israel ETF (ISRA), Principal Healthcare Innovators ETF (BTEC), Invesco NASDAQ Next Gen 100 ETF (QQQJ), Invesco Nasdaq Biotechnology ETF (IBBQ) and iShares U.S. Medical Devices ETF (IHI).First Trust Nasdaq Pharmaceuticals ETF (FTXH).

17 employees have rated NovoCure Chief Executive Officer Asaf Danziger on Glassdoor.com. Asaf Danziger has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other NovoCure investors own include Chembio Diagnostics (CEMI), Prospect Capital (PSEC), Calumet Specialty Products Partners (CLMT), NVIDIA (NVDA), Two Harbors Investment (TWO), BlackRock Capital Investment (BKCC), Viper Energy Partners (VNOM), Roku (ROKU), Salesforce (CRM) and Block (SQ).

NovoCure trades on the NASDAQ under the ticker symbol "NVCR."

NovoCure's stock is owned by a number of institutional and retail investors. Top institutional investors include Capital World Investors (10.68%), Capital International Investors (8.26%), Baillie Gifford & Co. (8.18%), BlackRock Inc. (7.62%), Geode Capital Management LLC (1.37%) and Credit Suisse AG (0.77%). Insiders that own company stock include Asaf Danziger, Ashley Cordova, Ely Benaim, Frank X Leonard, Frank X Leonard, Gabriel Leung, Jeryl L Hilleman, Martin J Madden, Pritesh Shah, Todd Christopher Longsworth, Uri Weinberg, Wilhelmus Cm Groenhuysen and William F Doyle.
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Shares of NVCR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NVCR stock can currently be purchased for approximately $17.35.

NovoCure (NASDAQ:NVCR) has a market capitalization of $1.85 billion and generates $537.84 million in revenue each year. The medical equipment provider earns $-92,530,000.00 in net income (profit) each year or ($1.65) on an earnings per share basis.

The company employs 1,320 workers across the globe.

NovoCure's mailing address is NO. 4 THE FORUM GRENVILLE STREET, ST. HELIER Y9, JE2 4UF. The official website for the company is www.novocure.com. The medical equipment provider can be reached via phone at 441534756700 or via email at investorinfo@novocure.com.