NovoCure Limited (NASDAQ:NVCR) Receives $25.50 Consensus Price Target from Brokerages

NovoCure Limited (NASDAQ:NVCRGet Free Report) has earned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $26.6429.

NVCR has been the topic of a number of recent analyst reports. HC Wainwright upped their price objective on NovoCure from $39.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday. Wedbush restated a “neutral” rating and set a $18.00 target price on shares of NovoCure in a research report on Thursday, January 15th. Evercore set a $20.00 price target on shares of NovoCure in a report on Monday, January 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of NovoCure in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of NovoCure from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th.

View Our Latest Report on NVCR

Trending Headlines about NovoCure

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NovoCure Price Performance

Shares of NASDAQ:NVCR opened at $10.99 on Monday. NovoCure has a 52 week low of $9.82 and a 52 week high of $22.95. The company has a 50-day moving average price of $12.88 and a 200 day moving average price of $12.59. The company has a market cap of $1.23 billion, a P/E ratio of -6.83 and a beta of 0.73. The company has a quick ratio of 1.50, a current ratio of 1.55 and a debt-to-equity ratio of 0.57.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NVCR. Empowered Funds LLC purchased a new stake in shares of NovoCure in the 4th quarter worth about $33,000. SJS Investment Consulting Inc. purchased a new stake in shares of NovoCure in the third quarter valued at about $41,000. Kestra Advisory Services LLC acquired a new stake in shares of NovoCure in the fourth quarter valued at approximately $49,000. Larson Financial Group LLC increased its stake in shares of NovoCure by 662.1% during the 3rd quarter. Larson Financial Group LLC now owns 4,100 shares of the medical equipment provider’s stock worth $53,000 after purchasing an additional 3,562 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of NovoCure by 25.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,442 shares of the medical equipment provider’s stock worth $70,000 after purchasing an additional 1,120 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

NovoCure Company Profile

(Get Free Report)

NovoCure is a global oncology company pioneering Tumor Treating Fields (TTFields), a novel anti-mitotic therapy for solid tumors. The company’s non-invasive treatment platforms deliver low-intensity, alternating electric fields designed to disrupt cancer cell division. NovoCure’s approach offers an alternative modality to complement existing therapies in oncology, with a focus on hard-to-treat malignancies.

Founded in 2000 and headquartered in Haifa, Israel, NovoCure maintains a second operational center in Portsmouth, New Hampshire.

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Analyst Recommendations for NovoCure (NASDAQ:NVCR)

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