How to Buy Novocure Stock
Novocure Ltd
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, Europe, the Middle East, Africa, Japan, and Greater China.
Novocure stock last closed at $16.88, down 6.48% from the previous day, and has decreased 18.41% in one year. It has underperformed other stocks in the Medical Devices industry by 0.07 percentage points. Novocure stock is currently +55.29% from its 52-week low of $10.87, and -31.76% from its 52-week high of $24.74.
As of Sep 6, 2024, there are 107.61M NVCR shares outstanding. The market cap of NVCR is $1.82B. In the last 24 hours, 1.19M NVCR shares were traded.
How to Buy Novocure Stock
Wondering how to invest in Novocure stock? Here's how.
- Choose where to buy Novocure stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you choose where to buy Novocure stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Select your payment method and add your details.
- Evaluate Novocure stock: The Novocure ticker symbol is NVCR. Is Novocure stock a good investment? Should you buy shares of NVCR? How do NVCR's underlying business fundamentals look? Do top analysts think Novocure is a good buy? Why has NVCR's stock price moved recently? (Hint: Our stock research tools can help you evaluate if NVCR is a good stock to buy).
- Execute your NVCR buy order: Decide if you will purchase NVCR shares at the current market price or use a limit order to purchase NVCR shares at a particular price.
- Watch your NVCR position: Create a watchlist to get the latest news on your position in Novocure stock.
Step 1: Choose where to buy Novocure stock
You need an online brokerage account to access the NASDAQ market and buy NVCR stock.
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- Buy other assets: Such as ETFs and cryptos.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal info so you are able to invest in NVCR stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to create your new trading account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have finished signing up on one of the best stock apps, your next step is to transfer the money for your investment:
Check out this video walkthrough for more details depositing funds into your new investment account.
Step 4: Evaluate Novocure stock
Once you have selected the best place to buy Novocure stock, it's critical to evaluate their stock prior to buying, so you actually comprehend the risk and upside.
Novocure shares at a glance
Novocure Fundamentals
WallStreetZen was built to help everyday investors do better fundamental analysis.
You can see all of the due diligence checks on NVCR's stock page.
Is NVCR stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge NVCR's intrinsic value.
Using relative valuations ratios:
- NVCR may be overvalued based on its P/B ratio of 5.05x, relative to Medical Devices industry P/B ratio of 4.02x
You can access additional valuation research on NVCR's stock here.
Is NVCR a healthy company?
Signs that NVCR is financially healthy:
- There are more short-term assets than short-term liabilities on the NVCR balance sheet.
- NVCR has cash burn of 120972000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the NVCR balance sheet.
- NVCR has $873.75M in cash and short term investments. This is enough to cover its annual cash burn of $120.97M.
Signs that NVCR is not financially healthy:
- NVCR profit margin has gone down from -27% to -36.7% in the past year.
- Total NVCR debt is higher than 5 years ago, relative to shareholder equity.
- NVCR has a relatively high debt to equity ratio of 2.12.
Do analysts think it's a good time to buy NVCR stock
Out of 5 Equities analysts who give recommendations on NVCR, the consensus analyst rating on Novocure is a Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Novocure stock forecast page.
NVCR Trading Indicators
NVCR Earnings
Last year, NVCR revenue was $525.66M. During the past five year, NVCR's revenue has increased by 14.32% per year. This was faster than the Medical Devices industry average of 11.14%.
Learn more about NVCR's earnings and revenue performance here.
What are NVCR insiders up to?
Over the past year, executives and large shareholders at NVCR have bought more shares than they have sold.
Ashley Cordova, Chief Financial Officer of NVCR, was the latest NVCR insider to sell. They sold $13,857.70 worth of NVCR shares on Aug 2, 2024.
Dig into more about who owns NVCR stock here.
Does NVCR provide a stable income stream?
No, Novocure doesn't provide an income stream by paying out dividends.
What others are saying about NVCR
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your NVCR buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price, place a limit order.
Click the Open Trade button and eToro will place your order.
If you want additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Watch your NVCR position
Now that you own some NVCR shares, you'll want to stay up-to-date on your new company.
Add NVCR to a watchlist to keep tabs on your NVCR stock.
NVCR Feed
How to Buy Stock in Novocure
To reiterate, here are the 6 steps to buy Novocure stock:
- Choose where to buy Novocure stock
- Open your brokerage account
- Deposit funds into your investment account
- Evaluate Novocure stock
- Execute your NVCR buy order
- Watch your NVCR position
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Novocure, hit the button below to create your watchlist.
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