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Last Price: 23.15 - Change: 0.84 - Change %: 3.7651
05/24/2024 16:00:00 EST

Novocure Ltd (NVCR)

Industry: Medical Devices

Price Support Resistance

In the past 20 trading days, NVCR has been trading in a range between $24.05 and $12.24 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

NVCR is trading below resistance at $24.05, about 4% to the upside. There is support at $15.22 -34% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Novocure Ltd $NVCR entered a Green zone 17 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $56.57, a potential upside of 153.56% from the recent price of 22.31. The stock is trading 270.42% (potential upside) below its 52 week high of $82.64 and 105.24 % (potential downside) above its 52 week low of $10.87 - based on the recent price.

Company Summary

NovoCure Limited, an oncology company, engages in the development, manufacture, and commercialization of tumor treating fields (TTFields) devices for the treatment of solid tumor cancers in the United States, Germany, Japan, Greater China, and internationally The company's TTFields devices include Optune Gio and Optune Lua. It also has ongoing clinical trials investigating TTFields in brain metastases, gastric cancer, glioblastoma, liver cancer, non-small cell lung cancer, pancreatic cancer, and ovarian cancer.

NVCR Website

News

TIGER Study Reports New TTFields Therapy Survival Results for Newly Diagnosed Glioblastoma Patients in Germany
ROOT, Switzerland--(BUSINESS WIRE)---- $NVCR--Novocure (NASDAQ: NVCR) today released topline efficacy and safety data from the TIGER study investigating the use of Tumor Treating Fields (TTFields) therapy in routine clinical care in the treatment of patients with newly diagnosed glioblastoma (GBM) in Germany. The TIGER study enrolled 429 patients who used TTFields therapy between August 2017 and November 2019 and is the largest prospective, non-interventional study of the use of TTFields therapy in routi.
Source: Business Wire
Thu, 23 May 2024 17:05:00 -0400
Sentiment: Neutral
Double-Up Delights: 7 Stocks Poised to Soar 100% by 2025
If you're wondering what stocks to buy this month, look no further. Every investor wants their stock picks to double in price.
Source: InvestorPlace
Tue, 14 May 2024 07:08:00 -0400
Sentiment: Positive
NovoCure (NVCR) Reports Q1 Loss, Tops Revenue Estimates
NovoCure (NVCR) came out with a quarterly loss of $0.36 per share versus the Zacks Consensus Estimate of a loss of $0.43. This compares to loss of $0.50 per share a year ago.
Source: Zacks Investment Research
Thu, 02 May 2024 09:31:14 -0400
Sentiment: Negative
Novocure Secures New $400 Million Multi-Tranche Non-Dilutive Debt Financing from Pharmakon
ROOT, Switzerland--(BUSINESS WIRE)---- $NVCR--Novocure (NASDAQ: NVCR) announced today that it has entered into a new five-year up to $400 million committed senior secured credit facility with funds managed by Pharmakon Advisors, LP. The committed capital will be available to Novocure in four tranches of $100 million. The first $100 million was issued at closing, and the second $100 million will be issued by June 30, 2025. An additional $200 million is available to be drawn across two tranches, at Novocur.
Source: Business Wire
Thu, 02 May 2024 07:01:00 -0400
Sentiment: Neutral
Novocure Reports First Quarter 2024 Financial Results
ROOT, Switzerland--(BUSINESS WIRE)---- $NVCR--Novocure (NASDAQ: NVCR) today reported financial results for the quarter ended March 31, 2024. Novocure is a global oncology company working to extend survival in some of the most aggressive forms of cancer by developing and commercializing its innovative therapy, Tumor Treating Fields (TTFields). “The first quarter was a period of strong execution,” said William Doyle, Novocure's Executive Chairman. “In Q1, GBM active patients grew 11%, we announced the METI.
Source: Business Wire
Thu, 02 May 2024 07:00:00 -0400
Sentiment: Neutral
Instituions Institution %: 84.96
Last QTR Institution change: 3443289

Insiders
Insiders %: 9.259
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 9753
Insiders Net last QTR: -9753

Analyst Ratings
Target Price: 56.57
Overall Rating: 3.7143
Strong Buys (5): 2
Buys (4): 1
Holds (3): 4
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 82.64
52 Week Low: 10.87
Beta: 0.492
50 Day MA: 15.4152
200 Day MA: 16.0082

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.06
Qtr Revenue Growth YOY: 0.134
Forward PE: 909.0909
Trailing PE: 0

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