NovoCure - NVCR Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NovoCure in the last year. There are currently 1 sell rating, 3 hold ratings and 4 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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8 analysts have issued 1 year target prices for NovoCure's stock. Their NVCR share price forecasts range from $55.00 to $200.00. On average, they expect the company's share price to reach $110.13 in the next twelve months. This suggests a possible upside of 23.1% 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 increased by 21.9% and is now trading at $89.43.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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NovoCure will be holding an earnings conference call on Thursday, February 23rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

NovoCure Limited (NASDAQ:NVCR) issued its earnings results on Thursday, October, 28th. The medical equipment provider reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.07. The medical equipment provider earned $133.61 million during the quarter, compared to analysts' expectations of $141.22 million. NovoCure had a negative trailing twelve-month return on equity of 18.85% and a negative net margin of 15.05%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 EPS.

NovoCure issued an update on its fourth quarter 2022 earnings guidance on Monday, January, 9th. The company provided earnings per share (EPS) 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 variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (8.45%), Lindbrook Capital LLC (0.05%), Peregrine Capital Management LLC (0.03%), State of Alaska Department of Revenue (0.02%), Exchange Traded Concepts LLC (0.02%) and Xponance Inc. (0.01%). 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 $89.43.

NovoCure (NASDAQ:NVCR) has a market capitalization of $9.39 billion and generates $535.03 million in revenue each year. The medical equipment provider earns $-58,350,000.00 in net income (profit) each year or ($0.77) on an earnings per share basis.

The company employs 1,167 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.