Unveiling 8 Analyst Insights On NovoCure

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Throughout the last three months, 8 analysts have evaluated NovoCure NVCR, offering a diverse set of opinions from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 1 2 5 0 0
Last 30D 0 0 1 0 0
1M Ago 0 2 0 0 0
2M Ago 0 0 3 0 0
3M Ago 1 0 1 0 0

In the assessment of 12-month price targets, analysts unveil insights for NovoCure, presenting an average target of $24.0, a high estimate of $42.00, and a low estimate of $15.00. Observing a downward trend, the current average is 1.19% lower than the prior average price target of $24.29.

Understanding Analyst Ratings: A Comprehensive Breakdown

A clear picture of NovoCure's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Emily Bodnar HC Wainwright & Co. Lowers Neutral $22.00 $24.00
Jason Bednar Piper Sandler Raises Overweight $28.00 $25.00
Larry Biegelsen Wells Fargo Lowers Overweight $42.00 $49.00
Emily Bodnar HC Wainwright & Co. Raises Neutral $24.00 $22.00
Jessica Fye JP Morgan Raises Neutral $17.00 $15.00
Emily Bodnar HC Wainwright & Co. Maintains Neutral $22.00 -
Vijay Kumar Evercore ISI Group Raises In-Line $15.00 $14.00
Emily Bodnar HC Wainwright & Co. Raises Buy $22.00 $21.00

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to NovoCure. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of NovoCure compared to the broader market.
  • Price Targets: Analysts predict movements in price targets, offering estimates for NovoCure's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

Capture valuable insights into NovoCure's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on NovoCure analyst ratings.

If you are interested in following small-cap stock news and performance you can start by tracking it here.

Unveiling the Story Behind NovoCure

NovoCure Ltd serves in the healthcare sector of the United States. Its business involves the development, manufacture and commercialization of Tumor Treating Fields (TTFields) devices, including Optune Gio and Optune Lua, for the treatment of solid tumor cancers. Its pipeline consists of Trident, Lunar-2, Panova-3, Metis and other products and technologies for the treatment of Glioblastoma, Non-smell cell lung cancer and Pancreatic cancer. Geographically, the company derives majority of its revenue from the United States and rest from Germany, Japan and other markets.

Unraveling the Financial Story of NovoCure

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Positive Revenue Trend: Examining NovoCure's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.17% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Health Care sector.

Net Margin: NovoCure's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -35.19%, the company may face hurdles in effective cost management.

Return on Equity (ROE): NovoCure's ROE excels beyond industry benchmarks, reaching -12.45%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -4.11%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.64, caution is advised due to increased financial risk.

Understanding the Relevance of Analyst Ratings

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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