The price of NovoCure Ltd (NASDAQ:NVCR) shares last traded on Wall Street fell -2.84% to $17.13.
NVCR stock price is now -7.10% away from the 50-day moving average and 11.09% away from the 200-day moving average. The market capitalization of the company currently stands at $1.84B.
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On August 28, 2023, H.C. Wainwright Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $85 to quote $25, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, VERNON W ANTHONY, Director sold 964 shares of the company’s stock on Jun 04 ’24. The stock was sold for $23,033 at an average price of $23.89. Upon completion of the transaction, the Director now directly owns 164,833 shares in the company, valued at $2.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 04 ’24, Director Scannell Timothy J sold 964 shares of the business’s stock. A total of $23,027 was realized by selling the stock at an average price of $23.89. This leaves the insider owning 2,964 shares of the company worth $50773.32. A total of 10.11% of the company’s stock is owned by insiders.
During the past 12 months, NovoCure Ltd has had a low of $10.87 and a high of $42.69. As of last week, the company has a debt-to-equity ratio of 1.66, a current ratio of 6.26, and a quick ratio of 5.99. The fifty day moving average price for NVCR is $18.5401 and a two-hundred day moving average price translates $15.405725 for the stock.
The latest earnings results from NovoCure Ltd (NASDAQ: NVCR) was released for 2024-03-31. The net profit margin was -36.67% and return on equity was -48.70% for NVCR. The company reported revenue of $138.5 million for the quarter, compared to $122.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.36 percent.
