NovoCure - NVCR Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NovoCure in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NVCR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NVCR, but not buy additional shares or sell existing shares.
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6 equities research analysts have issued twelve-month price objectives for NovoCure's stock. Their NVCR share price forecasts range from $50.00 to $130.00. On average, they anticipate the company's stock price to reach $87.33 in the next year. This suggests a possible upside of 51.2% 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 stock has decreased by 21.2% and is now trading at $57.77.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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NovoCure Limited (NASDAQ:NVCR) announced its quarterly earnings data on Thursday, February, 23rd. The medical equipment provider reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of ($0.32) by $0.04. The medical equipment provider earned $128.43 million during the quarter, compared to analysts' expectations of $127.20 million. NovoCure had a negative net margin of 17.20% and a negative trailing twelve-month return on equity of 20.98%. The business's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.25) earnings per share.

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), First Trust Indxx Medical Devices ETF (MDEV), Strategas Global Policy Opportunities ETF (SAGP), ROBO Global Healthcare Technology and Innovation ETF (HTEC), SPDR S&P Health Care Equipment ETF (XHE) and Invesco Nasdaq Biotechnology ETF (IBBQ).

NovoCure updated its fourth quarter 2022 earnings guidance on Monday, January, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $128.40 million-$128.40 million, compared to the consensus revenue estimate of $129.14 million.

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 retail and institutional investors. Top institutional shareholders include Nordwand Advisors LLC (8.68%), Baillie Gifford & Co. (8.40%), Price T Rowe Associates Inc. MD (2.07%), Nordwand Advisors LLC (1.44%), Geode Capital Management LLC (1.29%) and Norges Bank (0.93%). 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, Michael J Ambrogi, 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 $57.77.

NovoCure (NASDAQ:NVCR) has a market capitalization of $6.09 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 ($0.88) 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.