NovoCure 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, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NovoCure stock. 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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Wall Street analysts have given NovoCure a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but NovoCure wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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NovoCure is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
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NovoCure Limited (NASDAQ:NVCR) posted its earnings results on Thursday, October, 29th. The medical equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.04 by $0.05. The medical equipment provider had revenue of $132.70 million for the quarter, compared to the consensus estimate of $120.02 million. NovoCure had a net margin of 4.26% and a trailing twelve-month return on equity of 7.40%. NovoCure's quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share.
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NovoCure's stock was trading at $67.38 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NVCR shares have increased by 156.9% and is now trading at $173.13.
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NovoCure updated its FY 2020 Pre-Market earnings guidance on Monday, January, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $494.4-494.4 million, compared to the consensus revenue estimate of $482.29 million.

9 Wall Street analysts have issued twelve-month price targets for NovoCure's stock. Their forecasts range from $58.00 to $225.00. On average, they anticipate NovoCure's stock price to reach $126.00 in the next year. This suggests that the stock has a possible downside of 27.2%.
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17 employees have rated NovoCure CEO Asaf Danziger on Glassdoor.com. Asaf Danziger has an approval rating of 90% among NovoCure's employees.

Some companies that are related to NovoCure include Boston Scientific (BSX), Baxter International (BAX), DexCom (DXCM), ResMed (RMD), Fresenius SE & Co. KGaA (FSNUY), Teleflex (TFX), Insulet (PODD), Abiomed (ABMD), Penumbra (PEN), Hill-Rom (HRC), Haemonetics (HAE), Globus Medical (GMED), Inspire Medical Systems (INSP), Integra LifeSciences (IART) and Nevro (NVRO).
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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.com (CRM) and Square (SQ).

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

NovoCure's stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (9.46%), Baillie Gifford & Co. (8.12%), BlackRock Inc. (5.69%), Morgan Stanley (1.33%), Price T Rowe Associates Inc. MD (1.22%) and Wells Fargo & Company MN (1.12%). Company insiders that own NovoCure stock include Asaf Danziger, Ashley Cordova, Charles G Phillips III, Ely Benaim, Gabriel Leung, Jeryl L Hilleman, Michael J Ambrogi, Pritesh Shah, Todd Christopher Longsworth, Uri Weinberg, Wilhelmus Cm Groenhuysen and William F Doyle.
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NVCR stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, FMR LLC, Rhenman & Partners Asset Management AB, BlackRock Inc., C WorldWide Group Holding A S, Phoenix Holdings Ltd., Nicholas Investment Partners LP, and Peregrine Capital Management LLC. Company insiders that have sold NovoCure company stock in the last year include Asaf Danziger, Ashley Cordova, Ely Benaim, Gabriel Leung, Jeryl L Hilleman, Michael J Ambrogi, Pritesh Shah, Todd Christopher Longsworth, Uri Weinberg, Wilhelmus Cm Groenhuysen, and William F Doyle.
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NVCR stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., First Trust Advisors LP, Cookson Peirce & Co. Inc., Baillie Gifford & Co., Nuveen Asset Management LLC, Swiss National Bank, Northern Trust Corp, and Voloridge Investment Management LLC.
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Shares of NVCR 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 $173.13.

NovoCure has a market capitalization of $17.62 billion and generates $351.32 million in revenue each year. The medical equipment provider earns $-7,230,000.00 in net income (profit) each year or ($0.07) on an earnings per share basis.

NovoCure employs 782 workers across the globe.

The official website for NovoCure is www.novocure.com.

NovoCure is headquartered at NO. 4 THE FORUM GRENVILLE STREET, ST. HELIER Y9, JE2 4UF.

NovoCure's mailing address is NO. 4 THE FORUM GRENVILLE STREET, ST. HELIER Y9, JE2 4UF. The medical equipment provider can be reached via phone at 44-0-15-3475-6700 or via email at [email protected]