Tearsheet

NovoCure (NVCR)

Market Price (12/27/2025): $13.47 | Market Cap: $1.5 Bil
Sector: Health Care | Industry: Life Sciences Tools & Services

NovoCure (NVCR)

Market Price (12/27/2025): $13.47
Market Cap: $1.5 Bil
Sector: Health Care
Industry: Life Sciences Tools & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16%	Weak multi-year price returns 2Y Excs Rtn is -45%, 3Y Excs Rtn is -163%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -177 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -28%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25%		Significant share based compensation SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23%
2	Megatrend and thematic drivers Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Oncology Treatments, Show more.		Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -5.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -10%
3			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -16%
4			Key risks NVCR key risks include [1] persistent unprofitability and cash burn, Show more.

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25%
2	Megatrend and thematic drivers Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Oncology Treatments, Show more.
3	Weak multi-year price returns 2Y Excs Rtn is -45%, 3Y Excs Rtn is -163%
4	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -177 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -28%
5	Significant share based compensation SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23%
6	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -5.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -10%
7	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -16%
8	Key risks NVCR key risks include [1] persistent unprofitability and cash burn, Show more.

Valuation, Metrics & Events

	12/27/25	2024	2023	2022	2021
Share Price CYE	$13.47	$29.80	$14.93	$73.35	$75.08
Market Cap CYE ($ Bil)	1.5	3.2	1.6	7.7	7.8
Total Debt ($ Bil)	0.8	0.7	0.6	0.6	0.6
Total Cash ($ Bil)	1.0	1.0	0.9	1.0	0.9
Enterprise Value ($ Bil)	1.3	3.9	2.2	8.3	8.4
Valuation Ratios
P/S TTM	2.3	5.3	3.1	14.3	14.5
P/EBIT TTM	-11.9	-26.6	-8.4	-97.8	-159.7
P/E TTM	-8.5	-19.1	-7.7	-83.0	-133.1
P/FCF TTM	-23.1	-46.4	-15.8	814.1	132.6
Sector Ratios
P/S TTM (Sector)	4.3	3.5	3.9	4.5	7.1
P/EBIT TTM (Sector)	-1.5	-1.3	-1.4	-1.3	-2.6
P/E TTM (Sector)	-1.7	-1.5	-1.5	-1.3	-2.8
P/FCF TTM (Sector)	-1.5	-1.4	-1.4	-1.5	-3.2

	12/27/25	2024	2023
Share Price CYE	$13.47	$29.80	$14.93
Market Cap CYE ($ Bil)	1.5	3.2	1.6
Total Debt ($ Bil)	0.8	0.7	0.6
Total Cash ($ Bil)	1.0	1.0	0.9
Enterprise Value ($ Bil)	1.3	3.9	2.2
Valuation Ratios
P/S TTM	2.3	5.3	3.1
P/EBIT TTM	-11.9	-26.6	-8.4
P/E TTM	-8.5	-19.1	-7.7
P/FCF TTM	-23.1	-46.4	-15.8
Sector Ratios
P/S TTM (Sector)	4.3	3.5	3.9
P/EBIT TTM (Sector)	-1.5	-1.3	-1.4
P/E TTM (Sector)	-1.7	-1.5	-1.5
P/FCF TTM (Sector)	-1.5	-1.4	-1.4

	NVCR	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	0.6
Rev Chg Q	7.8%	7.3%
Rev Chg LTM	11.2%	6.1%
Rev Chg 3Y Avg	6.2%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.2
CFO LTM ($ Bil)	-0.0
Net Inc LTM ($ Bil)	-0.2
Op Mgn LTM	-27.5%	18.8%
CFO/Rev LTM	-5.4%	20.4%
Net Inc Mgn	-27.7%	13.1%
VALUATION	MODERATE
P/S	2.3	3.3
P/CFO	-43.7	15.8
P/FCF	-23.1	20.7
P/E	-8.5	23.5
STABILITY	GOOD
Debt/Equity	0.53	0.21
Cash/Assets	0.76	0.07

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Metric	Value	Date	Source
Total active patients on TTFields therapy	4416	9302025	Link
Active Optune Gio patients on therapy	4277	9302025	Link
Prescriptions for Optune Gio	1675	9302025	Link
Total prescriptions for Optune Lua	130	9302025	Link
Active metastatic NSCLC patients on Optune Lua	20	12312024	Link
Active malignant pleural mesothelioma (MPM) patients on Optune Lua	29	12312024	Link

Upcoming
2/26/2026	Earnings Release	Rev: - EPS: -

NVCR Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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1. NovoCure reported strong third-quarter 2025 financial results, with net revenues increasing by 8% year-over-year to $167 million and exceeding analyst expectations for both revenue and earnings per share.

2. The company announced positive final results from its pivotal Phase 3 METIS trial for Tumor Treating Fields (TTFields) therapy for brain metastases from non-small cell lung cancer, which met its primary endpoint by demonstrating a statistically significant delay in time to intracranial progression.

3. NovoCure received approval in Japan for Optune Lua® for the treatment of unresectable advanced/recurrent non-small cell lung cancer, expanding its market access.

4. The U.S. FDA accepted NovoCure's Premarket Approval (PMA) application for its Tumor Treating Fields therapy in locally advanced pancreatic cancer (PANOVA-3), indicating progress towards a new indication.

5. Analyst sentiment and market analysis in mid-October 2025 highlighted a significant upward movement in NovoCure's stock, with some evaluations suggesting the stock was undervalued and pointing to growth catalysts from clinical expansion and real-world adoption.

Stock Movement Drivers

Fundamental Drivers

The 4.6% change in NVCR stock from 9/26/2025 to 12/26/2025 was primarily driven by a 2.9% change in the company's P/S Multiple.

	9262025	12262025	Change
Stock Price ($)	12.89	13.48	4.58%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	630.16	642.27	1.92%
P/S Multiple	2.28	2.35	2.91%
Shares Outstanding (Mil)	111.57	111.91	-0.30%
Cumulative Contribution			4.58%

LTM = Last Twelve Months as of date shown

Market Drivers

9/26/2025 to 12/26/2025

	Return	Correlation
NVCR	4.6%
Market (SPY)	4.3%	43.3%
Sector (XLV)	15.2%	42.9%

Fundamental Drivers

The -25.1% change in NVCR stock from 6/27/2025 to 12/26/2025 was primarily driven by a -26.4% change in the company's P/S Multiple.

	6272025	12262025	Change
Stock Price ($)	18.00	13.48	-25.11%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	621.71	642.27	3.31%
P/S Multiple	3.19	2.35	-26.44%
Shares Outstanding (Mil)	110.28	111.91	-1.47%
Cumulative Contribution			-25.13%

LTM = Last Twelve Months as of date shown

Market Drivers

6/27/2025 to 12/26/2025

	Return	Correlation
NVCR	-25.1%
Market (SPY)	12.6%	34.8%
Sector (XLV)	17.0%	33.5%

Fundamental Drivers

The -57.7% change in NVCR stock from 12/26/2024 to 12/26/2025 was primarily driven by a -60.7% change in the company's P/S Multiple.

	12262024	12262025	Change
Stock Price ($)	31.90	13.48	-57.74%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	577.74	642.27	11.17%
P/S Multiple	5.98	2.35	-60.70%
Shares Outstanding (Mil)	108.25	111.91	-3.38%
Cumulative Contribution			-57.79%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2024 to 12/26/2025

	Return	Correlation
NVCR	-57.7%
Market (SPY)	15.8%	42.4%
Sector (XLV)	13.3%	38.9%

Fundamental Drivers

The -80.4% change in NVCR stock from 12/27/2022 to 12/26/2025 was primarily driven by a -82.4% change in the company's P/S Multiple.

	12272022	12262025	Change
Stock Price ($)	68.86	13.48	-80.42%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	542.62	642.27	18.36%
P/S Multiple	13.31	2.35	-82.35%
Shares Outstanding (Mil)	104.88	111.91	-6.70%
Cumulative Contribution			-80.51%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2023 to 12/26/2025

	Return	Correlation
NVCR	-11.2%
Market (SPY)	48.0%	31.4%
Sector (XLV)	18.2%	27.4%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
NVCR Return	105%	-57%	-2%	-80%	100%	-55%	-84%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
NVCR Win Rate	58%	17%	42%	33%	50%	42%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
NVCR Max Drawdown	-32%	-57%	-25%	-85%	-21%	-63%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See NVCR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique Key	Event	NVCR	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-95.1%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	1926.8%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-40.4%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	67.8%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	175 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-45.4%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	83.3%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	87 days	120 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

NovoCure's stock fell -95.1% during the 2022 Inflation Shock from a high on 6/23/2021. A -95.1% loss requires a 1926.8% gain to breakeven.

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About NovoCure (NVCR)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

NovoCure Limited, an oncology company, engages in the development, manufacture, and commercialization of Optune for the treatment of a variety of solid tumors. The company markets Optune and Optune Lua, a Tumor Treating Fields (TTFields) devices for use as a monotherapy treatment for adult patients with glioblastoma. It is also developing products for brain metastases, non-small cell lung cancer, pancreatic cancer, gastric cancer, ovarian cancer, liver cancer, and malignant pleural mesothelioma. The company markets its products in the European Union, the United Kingdom, Japan, and internationally. It has a clinical study collaboration agreement with MSD to study TTFields together with KEYNOTE, an anti-PD-1 therapy; and a strategic collaboration with Zai Lab (Shanghai) Co., Ltd. to commercialize its products in Greater China and establishes a development partnership intended to accelerate the development of TTFields in multiple solid tumor cancer indications. NovoCure Limited was incorporated in 2000 and is based in Saint Helier, Jersey.

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A Vertex Pharmaceuticals for cancer, but instead of breakthrough drugs, it's pioneering a unique electric field therapy.
Like an early Moderna, but developing a revolutionary electric field therapy for cancer rather than mRNA vaccines.
Like an Abiomed, but instead of heart pumps, it's pioneering a novel device-based electric field therapy for cancer.

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Optune: A portable, non-invasive medical device utilizing Tumor Treating Fields (TTFields) for the treatment of glioblastoma multiforme (GBM).
Optune Lua: A next-generation, wearable device applying Tumor Treating Fields (TTFields) for the treatment of malignant pleural mesothelioma (MPM).

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NovoCure (NVCR) primarily sells its Tumor Treating Fields (TTFields) therapy devices and associated services to individuals, specifically patients who have been prescribed the treatment by their healthcare providers. While reimbursement is largely handled by third-party payers (insurance companies and government programs), the direct provision of the device and ongoing support is to the individual patient.

NovoCure serves the following categories of individual customers:

Patients with Glioblastoma (GBM): This category includes individuals diagnosed with glioblastoma, an aggressive form of brain cancer. NovoCure's flagship product, Optune, is approved for both newly diagnosed and recurrent GBM patients, who utilize the device as part of their prescribed treatment regimen.
Patients with Malignant Pleural Mesothelioma (MPM): This category comprises individuals diagnosed with malignant pleural mesothelioma, a rare and aggressive cancer affecting the lining of the lungs. NovoCure's Optune Lua device is approved for use in MPM patients.

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Ashley Cordova, Chief Executive Officer

Ashley Cordova has served as NovoCure's Chief Executive Officer since January 2025. Prior to this role, she was the company's Chief Financial Officer from 2020 through 2024. Ms. Cordova joined NovoCure in 2014, and throughout her tenure, she has been integral to building NovoCure's global organization. Before joining NovoCure, Ms. Cordova held various financial roles at Zoetis Inc. from 2012 to 2014 and Pfizer Inc. from 2005 to 2012.

Christoph Brackmann, Chief Financial Officer

Christoph Brackmann has served as NovoCure's Chief Financial Officer since January 2025. He joined NovoCure in October 2024 as a Senior Financial Advisor. Before NovoCure, Mr. Brackmann was the Senior Vice President of Finance at Moderna since 2019, where he established and built the finance team and oversaw the rapid expansion of the organization during the COVID-19 pandemic. Previously, he served as the Vice President of Investor Relations and Head of International Finance at Shire plc (which was acquired by Takeda) and held various financial roles at Eli Lilly and Company and Novartis.

William F. Doyle, Executive Chairman

William F. Doyle has served as NovoCure's Executive Chairman since 2016 and has been a member of the Board of Directors since 2004. Mr. Doyle is also the Managing Director of WFD Ventures LLC, a private venture capital firm he co-founded in 2002. Before 2002, he was a member of Johnson & Johnson's Medical Devices and Diagnostics Group Operating Committee, Vice President of Licensing and Acquisitions, and Chairman of the Medical Devices Research and Development Council. He also served as Worldwide President of Biosense-Webster, Inc. and was a member of the board of directors of Cordis Corporation and Johnson & Johnson Development Corporation, J&J's venture capital subsidiary.

Frank Leonard, President

Frank Leonard has served as President of NovoCure since June 2025, overseeing the global business units, a role he has held since January 2024. He served as Chief Development Officer from September 2020 to September 2022. Mr. Leonard joined NovoCure in 2010 to prepare the company for a commercial launch and established its finance, reimbursement, and business development functions. Prior to joining NovoCure, Mr. Leonard was a venture capital investor focusing on high-impact medical technology companies, including NovoCure.

Pritesh Shah, Chief Commercial Officer

Pritesh Shah was appointed Chief Commercial Officer of NovoCure in July 2018. He joined NovoCure in 2012 as the Senior Director of Global Marketing and progressed through various commercial roles, including Senior Vice President of the Americas. Before NovoCure, Mr. Shah gained extensive experience in the oncology field through roles at Roche, Genentech, Bristol-Myers Squibb, OSI Oncology, and AVEO Oncology.

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The key risks to NovoCure's business (NVCR) include:

Persistent Unprofitability and Cash Burn: NovoCure has consistently faced unprofitability, negative net profit margins, and increasing net losses over several years, with projections indicating it may remain unprofitable for at least the next three years. This ongoing cash burn raises concerns about its path to sustainable earnings and financial stability.
Heavy Reliance on Tumor Treating Fields (TTFields) and Clinical/Regulatory Risks: The company's business model is largely dependent on the success and broader adoption of its Tumor Treating Fields (TTFields) technology. This exposes NovoCure to risks associated with clinical trial outcomes, regulatory hurdles for new indications, and potential competition from other oncology treatments. If trials fail or regulators do not grant approvals, it could severely impact future growth.
Reimbursement Challenges and Slow Clinical Adoption: Even when regulatory approvals are secured for its therapies, NovoCure faces significant challenges in obtaining widespread insurance reimbursement and achieving broad clinical adoption. These issues directly affect margins, limit market expansion, and can hinder revenue growth, particularly for newer indications like non-small cell lung cancer (NSCLC) and mesothelioma.

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NovoCure's primary product is its Tumor Treating Fields (TTFields) therapy.

For non-small cell lung cancer (NSCLC), the recent CE Mark approval for Optune Lua has opened a **30,000-patient annual addressable market in the U.S.**.
The global Tumor Treating Fields Market, in which NovoCure is a major player, is estimated to be valued at **USD 445.6 million in 2025** and is projected to reach **USD 1,221.9 million by 2032**. This market is expected to grow at a compound annual growth rate (CAGR) of 15.5% from 2025 to 2032. North America is anticipated to be the leading region in this market. This global market includes indications such as Glioblastoma Multiforme, Non-small Cell Lung Cancer, Pancreatic Cancer, Ovarian Cancer, Mesothelioma, and Brain Metastasis.

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NovoCure (NVCR) is poised for future revenue growth over the next 2-3 years, driven by several key factors:

Expansion into New Oncology Indications: A primary driver of future revenue growth for NovoCure is the anticipated launch and commercialization of its Tumor Treating Fields (TTFields) therapy in new cancer indications. The company has submitted a Pre-Market Approval (PMA) application for pancreatic cancer and plans to file another for brain metastases from non-small cell lung cancer (NSCLC) by late 2025 or early 2026. NovoCure aims to have four marketed indications by the end of 2026, which is expected to significantly expand its addressable market. Key upcoming data readouts for metastatic pancreatic cancer (PANOVA-4) and newly diagnosed glioblastoma (TRIDENT) in early 2026 are critical catalysts for this expansion.
Continued Growth in Existing Glioblastoma (GBM) Market and Patient Base: NovoCure has demonstrated consistent commercial success in treating glioblastoma, with its active patient base growing to 4,416. The company's GBM active patient count has seen year-over-year growth of 5% to 12% for nine consecutive quarters, particularly driven by strong performance in international markets such as France, Germany, and Japan. Efforts to increase prescription conversion and patient persistence within its core GBM business will continue to contribute to revenue.
Geographic Expansion and Reimbursement Gains: NovoCure is actively expanding its geographic footprint and securing broader reimbursement for its therapies. The European CE Mark approval for Optune Lua in metastatic non-small cell lung cancer allows for marketing across Europe, representing a significant international expansion opportunity. Furthermore, improved U.S. approval rates and new national coverage decisions, such as in Spain for GBM, are expected to enhance market access and drive revenue growth from a wider patient population.
Launch of Next-Generation Devices and Combination Therapies: Product innovation and the development of combination therapies are anticipated to fuel future revenue. The global rollout of next-generation arrays and the planned FDA submission of a next-gen torso array are expected to improve patient compliance and potentially expand the utility of TTFields therapy. Additionally, ongoing clinical trials exploring TTFields therapy in combination with other treatments, such as pembrolizumab in newly diagnosed GBM (KEYNOTE D58 trial) and chemotherapy for pancreatic cancer, could redefine standard-of-care protocols and open new revenue streams.

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Share Issuance

In November 2020, NovoCure closed a private offering of $575 million aggregate principal amount of 0% Convertible Senior Notes due 2025.
The net proceeds from this offering were approximately $558.4 million.
As of September 30, 2025, these Convertible Senior Notes due 2025 were recorded as a current liability of $560.62 million.

Inbound Investments

In November 2020, NovoCure completed a private placement of $575 million in 0% Convertible Senior Notes due 2025 to qualified institutional buyers, resulting in net proceeds of approximately $558.4 million.

Outbound Investments

NovoCure has not made any investments in or acquisitions of other companies.

Capital Expenditures

Capital expenditures amounted to $15 million in 2020, $24 million in 2021, $21 million in 2022, $27 million in 2023, and $43 million in 2024.
These capital expenditures are primarily focused on purchasing property, equipment, and field equipment.

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NVDA (2.2%)

NVIDIA

		Best Bets In Health Care Sector
	NVCR	RPRX	HALO	DOCS	CPRX	HRMY	LGND	ISRG	GMED	MD	HIMS
What You Pay
P/E	-8.5	22.1	13.6	32.4	13.7	11.8	78.9	75.0	28.1	11.4	58.0
P/EBIT	-11.9	10.7	10.6	33.2	11.5	8.9	57.4	73.2	27.4	7.7	67.5
What You Get
Rev Chg Q	7.8%	7.9%	22.1%	23.2%	15.3%	28.7%	122.8%	22.9%	22.9%	-3.6%	49.2%
Rev Chg LTM	11.2%	3.7%	31.2%	20.2%	25.6%	21.1%	64.8%	22.2%	11.7%	-4.2%	78.0%
Rev Chg 3Y Avg	6.2%	1.5%	29.0%	17.4%	46.5%	27.4%	16.0%	16.3%	45.6%	-0.5%	71.0%
FCF/Rev 3Y Avg	-13.8%	115.2%	45.0%	42.7%	34.2%	33.2%	23.9%	16.5%	14.3%	8.9%	6.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 11%, alpha of 1.9%, and sharpe of 0.52

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	With NovoCure Stock Surging, Have You Considered The Downside?	Return
2	Day 5 of Loss Streak for NovoCure Stock with -34% Return (vs. -63% YTD) [7/30/2025]	Notification
3	NVCR Dip Buy Analysis
4	NovoCure (NVCR) Stock: 38% of days in last 3 months had 1% or greater fluctuation
5	NovoCure (NVCR) Operating Cash Flow Comparison	Financials
6	NovoCure (NVCR) Net Income Comparison	Financials
7	NovoCure (NVCR) Operating Income Comparison	Financials
8	NovoCure (NVCR) Revenue Comparison	Financials
9	NovoCure vs. S&P500 Correlation	Correlation
10	NovoCure Price Volatility	Volatility

	Title
0	ARTICLES

Trade Ideas

Select ideas related to NVCR. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CRL_11142025_Dip_Buyer_FCFYield	11142025	CRL	Charles River Laboratories International	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	21.4%	21.4%	-3.7%
GDRX_11142025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11142025	GDRX	GoodRx	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	-7.4%	-7.4%	-11.8%
ASTH_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11142025	ASTH	Astrana Health	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	18.0%	18.0%	-5.5%
SGRY_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11142025	SGRY	Surgery Partners	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	3.9%	3.9%	-1.4%
TFX_11072025_Dip_Buyer_FCFYield	11072025	TFX	Teleflex	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	12.2%	12.2%	-5.1%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for NovoCure

Peers to compare with:

Financials

	NVCR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	NovoCure	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	13.48	23.26	24.49	305.09	78.16	273.40	51.32
Mkt Cap	1.5	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	642	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	-177	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	-65	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	-78	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	-34	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	-45	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	NVCR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	NovoCure	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	11.2%	3.2%	13.8%	4.5%	8.9%	6.0%	7.4%
Rev Chg 3Y Avg	6.2%	-3.9%	6.5%	2.6%	3.7%	1.8%	3.2%
Rev Chg Q	7.8%	4.2%	14.4%	9.1%	7.5%	9.6%	8.5%
QoQ Delta Rev Chg LTM	1.9%	1.1%	3.7%	2.1%	1.8%	2.1%	2.0%
Op Mgn LTM	-27.5%	6.6%	4.8%	17.7%	22.5%	31.9%	12.1%
Op Mgn 3Y Avg	-33.2%	7.4%	7.2%	16.4%	24.2%	30.8%	11.9%
QoQ Delta Op Mgn LTM	-0.1%	-0.2%	-1.4%	0.6%	0.4%	0.1%	-0.0%
CFO/Rev LTM	-5.4%	6.7%	8.5%	20.6%	23.8%	26.6%	14.6%
CFO/Rev 3Y Avg	-8.1%	6.8%	12.7%	21.4%	26.1%	28.4%	17.1%
FCF/Rev LTM	-10.1%	5.1%	1.8%	18.1%	22.1%	23.5%	11.6%
FCF/Rev 3Y Avg	-13.8%	5.5%	4.6%	18.6%	24.6%	25.6%	12.1%

Valuation

	NVCR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	NovoCure	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	1.5	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	2.3	0.4	1.0	4.4	5.4	10.0	3.4
P/EBIT	-11.9	6.8	19.9	25.1	22.5	31.3	21.2
P/E	-8.5	8.6	572.7	36.0	29.9	41.0	33.0
P/CFO	-43.8	5.9	11.2	21.1	22.5	37.5	16.2
Total Yield	-11.8%	14.1%	2.3%	5.0%	5.4%	2.8%	3.9%
Dividend Yield	0.0%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	-4.8%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	0.5	0.5	0.7	0.2	0.1	0.0	0.4
Net D/E	-0.2	0.3	0.6	0.2	0.0	0.0	0.1

Returns

	NVCR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	NovoCure	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	5.6%	-1.8%	14.4%	0.6%	2.7%	-1.5%	1.7%
3M Rtn	4.6%	-11.9%	2.7%	7.9%	17.0%	7.1%	5.9%
6M Rtn	-25.1%	-4.0%	34.5%	6.6%	15.2%	36.3%	10.9%
12M Rtn	-57.7%	-27.3%	14.2%	39.2%	33.7%	6.0%	10.1%
3Y Rtn	-80.4%	-3.8%	67.7%	139.0%	79.5%	113.4%	73.6%
1M Excs Rtn	4.2%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-1.1%
3M Excs Rtn	0.3%	-16.2%	-1.7%	3.6%	12.7%	2.8%	1.5%
6M Excs Rtn	-37.4%	-16.3%	22.3%	-5.7%	3.0%	24.0%	-1.3%
12M Excs Rtn	-71.8%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	-4.6%
3Y Excs Rtn	-163.5%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

Comparison Analyses

	Title
0	Novocure Limited vs. BeiGene: With Return Forecast Of 84%, Novocure Limited Is A Better Bet
1	Novocure Limited vs. Zillow: With Return Forecast Of 93%, Novocure Limited Is A Better Bet
2	Novocure Limited vs. Hubbell: With Return Forecast Of 93%, Novocure Limited Is A Better Bet
3	Novocure Limited vs. American Airlines: With Return Forecast Of 93%, Novocure Limited Is A Better Bet
4	Novocure Limited vs. AGCO: With Return Forecast Of 66%, Novocure Limited Is A Better Bet
5	Novocure Limited vs. Teva Pharmaceutical Industries: With Return Forecast Of 66%, Novocure Limited Is A Better Bet
6	Novocure Limited vs. A.O. Smith: With Return Forecast Of 66%, Novocure Limited Is A Better Bet
7	Novocure Limited vs. Lamb Weston: With Return Forecast Of 112%, Novocure Limited Is A Better Bet
8	Novocure Limited vs. Allegion: With Return Forecast Of 112%, Novocure Limited Is A Better Bet
9	Novocure Limited vs. Royal Gold: With Return Forecast Of 112%, Novocure Limited Is A Better Bet

FDIC Bank Data

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/30/2025	2/27/2025	2/22/2024	2/23/2023	2/24/2022	2/25/2021	2/27/2020
Key Financials
Total Revenue	642	605	509	538	535	494	351
EBITDA	-113	-110	-177	-68	-38	45	14
Operating Income	-177	-170	-233	-90	-44	30	-1
Net Income	-178	-169	-207	-93	-58	20	-7
EPS	-1.61	-1.56	-1.95	-0.88	-0.56	0.20	-0.07
Growth Rates
Total Revenue Growth	11.2%	18.8%	-5.3%	0.5%	8.2%	40.7%	41.6%
EBITDA Growth	-9.5%	38.2%	-161.4%	-76.9%	-185.6%	231.9%	165.4%
Operating Income Growth	-11.2%	26.8%	-160.1%	-101.9%	-245.8%	3426.1%	97.3%
Net Income Growth	-18.6%	18.6%	-123.7%	-58.6%	-394.6%	374.0%	88.6%
Margins
EBITDA Margin	-17.7%	-18.1%	-34.8%	-12.6%	-7.2%	9.1%	3.8%
Operating Income Margin	-27.5%	-28.2%	-45.7%	-16.6%	-8.3%	6.1%	-0.3%
Net Income Margin	-27.7%	-27.9%	-40.6%	-17.2%	-10.9%	4.0%	-2.1%
Cash & Debt
Total Cash	1,034	960	911	969	938	843	326
Total Debt	798	683	605	584	575	444	164
Net Debt / (Cash)	-236	-277	-306	-385	-362	-398	-163
Cash Flows
Net Cash from Operations	-34	-26	-73	31	83	99	27
Free Cash from Operations	-65	-69	-100	9	59	84	16
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/30/2025	7/24/2025	4/24/2025	2/27/2025	10/30/2024	7/25/2024	5/2/2024	2/22/2024	10/26/2023	7/27/2023	5/4/2023	2/23/2023
Key Financials Quarterly
Total Revenue	167	159	155	161	155	150	139	134	127	126	122	128
Ebitda	-32	-36	-35	-11	-30	-31	-39	-5	-55	-60	-58	-29
Operating Income	-36	-40	-38	-63	-32	-34	-42	-52	-58	-63	-60	-43
Net Income	-37	-40	-34	-66	-31	-33	-39	-47	-49	-57	-53	-37
EPS	-0.33	-0.36	-0.31	-0.61	-0.28	-0.31	-0.36	-0.45	-0.46	-0.54	-0.50	-0.36
Key Financials TTM
Total Revenue TTM	642	630	622	605	578	550	526	509	504	508	522	538
Ebitda TTM	-113	-111	-105	-110	-104	-129	-159	-177	-202	-169	-127	-68
Operating Income TTM	-177	-173	-167	-170	-159	-185	-214	-233	-224	-190	-149	-90
Net Income TTM	-178	-171	-164	-169	-150	-169	-193	-207	-197	-174	-141	-93
Growth Rates Quarterly
Total Revenue Growth	7.8%	5.6%	11.9%	20.5%	21.8%	19.3%	13.4%	4.2%	-2.8%	-10.5%	-11.2%	-3.6%
EBITDA Growth	-9.2%	-17.4%	10.8%	-131.6%	46.5%	48.7%	32.7%	84.5%	-152.6%	-224.5%	-3288.9%	-16.9%
Operating Income Growth	-12.2%	-17.7%	8.8%	-22.4%	44.9%	46.4%	31.1%	-20.3%	-136.7%	-196.6%	-7375.1%	-83.7%
Net Income Growth	-21.9%	-20.3%	11.5%	-40.0%	38.2%	41.9%	27.0%	-26.2%	-86.2%	-139.2%	-1041.8%	-41.0%
Margins Quarterly
EBITDA Margin	-19.4%	-22.7%	-22.3%	-6.5%	-19.1%	-20.4%	-27.9%	-3.4%	-43.5%	-47.6%	-47.1%	-22.8%
Operating Income Margin	-21.5%	-24.9%	-24.4%	-39.3%	-20.7%	-22.3%	-30.0%	-38.7%	-45.7%	-49.7%	-49.3%	-33.5%
Net Income Margin	-22.3%	-25.3%	-22.1%	-40.9%	-19.7%	-22.2%	-28.0%	-35.2%	-38.9%	-45.6%	-43.4%	-29.0%
Cash & Debt
Total Cash	1,034	912	929	960	960	951	870	911	921	941	958	969
Total Debt	798	700	697	683	676	675	595	605	590	587	586	584
Net Debt / (Cash)	-236	-211	-232	-277	-284	-276	-275	-306	-331	-353	-372	-385
Cash Flows Quarterly
FCF from Operations	21	-16	-36	-3	10	-2	-32	-15	-19	-23	-17	-4
Cash Flows TTM
FCF from Operations TTM	-34	-45	-30	-26	-37	-67	-88	-73	-62	-21	18	31
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-10.5%	-11.6%	-11.5%	-20.5%	-11.0%	-11.7%	-15.0%	-19.9%	-23.3%	-26.3%	-27.0%	-20.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-12.9%	-12.6%	-12.7%	-13.8%	-13.6%	-16.2%	-19.3%	-22.3%	-22.4%	-20.0%	-16.7%	-10.7%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Development, manufacture and commercialization of Tumor Treating Fields (TTFields) as treatment for	509	538	535	494	351
Total	509	538	535	494	351

Price Behavior

Price Behavior

Market Price	$13.48
Market Cap ($ Bil)	1.5
First Trading Date	10/02/2015
Distance from 52W High	-57.7%
	50 Days	200 Days
DMA Price	$12.56	$14.85
DMA Trend	down	down
Distance from DMA	7.3%	-9.2%
	3M	1YR
Volatility	54.7%	57.7%
Downside Capture	202.59	184.45
Upside Capture	184.04	72.12
Correlation (SPY)	43.4%	42.1%

NVCR Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.23	1.51	1.55	1.80	1.20	1.21
Up Beta	4.65	1.94	2.06	3.09	1.16	1.15
Down Beta	-0.01	1.57	1.36	1.24	0.89	1.07
Up Capture	49%	119%	140%	61%	107%	54%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	10	18	28	55	109	342
Down Capture	56%	143%	153%	212%	133%	110%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	23	33	66	134	400

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of NVCR With Other Asset Classes (Last 1Y)
	NVCR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-56.2%	15.1%	17.8%	72.1%	8.6%	4.4%	-8.3%
Annualized Volatility	57.5%	17.2%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	-1.21	0.65	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		38.8%	42.3%	2.2%	0.3%	31.1%	21.7%

ETFs used for asset classes: Sector ETF = XLV, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of NVCR With Other Asset Classes (Last 5Y)
	NVCR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-39.2%	8.4%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	79.7%	14.5%	17.1%	15.5%	18.7%	18.9%	48.7%
Sharpe Ratio	-0.28	0.40	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		26.3%	30.6%	4.8%	4.6%	24.2%	18.4%

Based On 10-Year Data

		Comparison of NVCR With Other Asset Classes (Last 10Y)
	NVCR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-6.9%	9.9%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	71.7%	16.6%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.21	0.49	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		30.6%	31.6%	2.4%	8.4%	22.8%	12.4%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	6,943,501
Short Interest: % Change Since 11302025	1.7%
Average Daily Volume	2,261,775
Days-to-Cover Short Interest	3.07
Basic Shares Quantity	111,908,252
Short % of Basic Shares	6.2%

Returns Analyses

	Title
0	With NovoCure Stock Surging, Have You Considered The Downside?
1	NovoCure Stock Return Comparison
2	[10/5/2021] Novocure Limited (NVCR) Stock Price Forecast: AI Forecasts NVCR Stock Price To Be Around $115 In A Month (Up 4.2%)
3	NovoCure Total Shareholder Return (TSR): -2.3% in 2022 and -4.5% 3-yr returns (above peer average)

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/30/2025	-4.9%	-13.9%	-13.4%
7/24/2025	-24.0%	-33.6%	-27.9%
4/24/2025	4.4%	2.1%	1.9%
1/13/2025	-0.3%	-4.7%	-22.7%
10/30/2024	0.6%	-1.6%	16.6%
7/25/2024	-0.7%	21.2%	-9.6%
5/2/2024	11.4%	25.8%	72.8%
1/8/2024	11.6%	0.6%	11.7%
...
SUMMARY STATS
# Positive	9	11	13
# Negative	15	13	11
Median Positive	4.4%	6.6%	11.7%
Median Negative	-5.0%	-7.0%	-13.4%
Max Positive	12.0%	25.8%	72.8%
Max Negative	-24.0%	-33.6%	-27.9%

	Forward Returns
10/30/2025	-4.9%	-13.9%	-13.4%
7/24/2025	-24.0%	-33.6%	-27.9%
4/24/2025	4.4%	2.1%	1.9%
1/13/2025	-0.3%	-4.7%	-22.7%
10/30/2024	0.6%	-1.6%	16.6%
7/25/2024	-0.7%	21.2%	-9.6%
5/2/2024	11.4%	25.8%	72.8%
1/8/2024	11.6%	0.6%	11.7%
10/26/2023	-7.5%	-7.0%	-11.4%
7/27/2023	-15.9%	-25.4%	-25.6%
5/4/2023	1.2%	8.4%	20.6%
1/9/2023	-16.3%	-13.8%	-15.2%
10/27/2022	0.2%	5.4%	10.8%
7/28/2022	-5.0%	-1.7%	15.1%
4/28/2022	0.3%	6.6%	4.2%
1/10/2022	-0.9%	4.3%	13.7%
10/28/2021	-8.2%	-0.4%	-12.4%
7/29/2021	-9.9%	-15.8%	-26.8%
4/29/2021	-0.1%	-1.8%	-2.0%
1/11/2021	-0.2%	-1.7%	9.8%
10/29/2020	6.8%	5.7%	9.9%
7/30/2020	12.0%	14.7%	19.9%
4/30/2020	-10.5%	-11.9%	-8.3%
1/13/2020	-3.7%	9.8%	7.5%
SUMMARY STATS
# Positive	9	11	13
# Negative	15	13	11
Median Positive	4.4%	6.6%	11.7%
Median Negative	-5.0%	-7.0%	-13.4%
Max Positive	12.0%	25.8%	72.8%
Max Negative	-24.0%	-33.6%	-27.9%

SEC Filings

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Report Date	Filing Date	Filing
9302025	10302025	10-Q 9/30/2025
6302025	7242025	10-Q 6/30/2025
3312025	4242025	10-Q 3/31/2025
12312024	2272025	10-K 12/31/2024
9302024	10302024	10-Q 9/30/2024
6302024	7252024	10-Q 6/30/2024
3312024	5022024	10-Q 3/31/2024
12312023	2222024	10-K 12/31/2023
9302023	10262023	10-Q 9/30/2023
6302023	7272023	10-Q 6/30/2023
3312023	5042023	10-Q 3/31/2023
12312022	2232023	10-K 12/31/2022
9302022	10272022	10-Q 9/30/2022
6302022	7282022	10-Q 6/30/2022
3312022	4282022	10-Q 3/31/2022
12312021	2242022	10-K 12/31/2021

Insider Activity

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Industry Resources

Health Care Resources

U.S. National Library of Medicine

Health Data Management

FDA Tracker

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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NovoCure (NVCR)

Market Price (12/27/2025): $13.47 | Market Cap: $1.5 BilSector: Health Care | Industry: Life Sciences Tools & Services

NovoCure (NVCR)

Market Price (12/27/2025): $13.47Market Cap: $1.5 BilSector: Health CareIndustry: Life Sciences Tools & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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NVCR Stock

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About NovoCure (NVCR)

Interactive Breakdown

Better Bets than NovoCure (NVCR)

INDUSTRY: Life Sciences Tools & Services

Higher Rev Chg 3Y Avg | Lower P/S (Values for NVCR: 6.2% | 2.3x)

Higher Rev Chg LTM (Value for NVCR: 11.2%)

Higher Rev Chg 3Y Avg (Value for NVCR: 6.2%)

Higher Op Mgn LTM (Value for NVCR: -27.5%)

Higher CFO/Rev LTM (Value for NVCR: -5.4%)

Higher FCF/Rev LTM (Value for NVCR: -10.1%)

Higher Total Yield (Value for NVCR: -11.8%)

SECTOR: Health Care

Higher Rev Chg 3Y Avg | Lower P/S (Values for NVCR: 6.2% | 2.3x)

Higher Rev Chg LTM (Value for NVCR: 11.2%)

Higher Rev Chg 3Y Avg (Value for NVCR: 6.2%)

Higher Op Mgn LTM (Value for NVCR: -27.5%)

Higher CFO/Rev LTM (Value for NVCR: -5.4%)

Higher FCF/Rev LTM (Value for NVCR: -10.1%)

Higher Total Yield (Value for NVCR: -11.8%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for NVCR: 6.2% | 2.3x)

Higher Rev Chg LTM (Value for NVCR: 11.2%)

Higher Rev Chg 3Y Avg (Value for NVCR: 6.2%)

Higher Op Mgn LTM (Value for NVCR: -27.5%)

Higher CFO/Rev LTM (Value for NVCR: -5.4%)

Higher FCF/Rev LTM (Value for NVCR: -10.1%)

Higher Total Yield (Value for NVCR: -11.8%)

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Based On 1-Year Data

Market Price (12/27/2025): $13.47 | Market Cap: $1.5 Bil
Sector: Health Care | Industry: Life Sciences Tools & Services

Market Price (12/27/2025): $13.47
Market Cap: $1.5 Bil
Sector: Health Care
Industry: Life Sciences Tools & Services