NovoCure Stock Forecast, Price & News

9 Wall Street 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 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, April 29th 2021.
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NovoCure Limited (NASDAQ:NVCR) posted its quarterly earnings data on Thursday, February, 25th. The medical equipment provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.09. The medical equipment provider had revenue of $144 million for the quarter, compared to analyst estimates of $143.49 million. NovoCure had a net margin of 4.26% and a trailing twelve-month return on equity of 7.40%. The company's quarterly revenue was up 45.2% on a year-over-year basis. During the same period last year, the firm posted $0.04 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. Since then, NVCR stock has increased by 88.5% and is now trading at $127.01.
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NovoCure updated its FY 2020 Pre-Market earnings guidance on Monday, January, 11th. The company provided earnings per share (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 brokers have issued 1 year target prices for NovoCure's shares. Their forecasts range from $58.00 to $225.00. On average, they expect NovoCure's stock price to reach $129.13 in the next twelve months. This suggests a possible upside of 1.7% from the stock's current price.
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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 Baxter International (BAX), DexCom (DXCM), ResMed (RMD), Fresenius SE & Co. KGaA (FSNUY), Teleflex (TFX), Insulet (PODD), Abiomed (ABMD), Penumbra (PEN), Hill-Rom (HRC), Globus Medical (GMED), Haemonetics (HAE), Inspire Medical Systems (INSP), Integra LifeSciences (IART), Tandem Diabetes Care (TNDM) 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 number of retail and institutional 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 bought by a variety of institutional investors in the last quarter, including Norges Bank, Victory Capital Management Inc., First Trust Advisors LP, Cookson Peirce & Co. Inc., Baillie Gifford & Co., Nuveen Asset Management LLC, Swiss National Bank, and UBS Asset Management Americas Inc..
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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 $127.01.

NovoCure has a market capitalization of $13.01 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]