# NovoCure Limited share price today (NovoCure Limited, NVCR) > NovoCure Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. NVCR · Healthcare · Medical Devices · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/nvcr Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms ## Key numbers - Price: $13.43 (+4.8% in a year) - Revenue (Jun 2026): $184 M (+15.6% on a year ago) - Profit (Jun 2026): −$15.7 M - Operating margin: −5.8% (+19.1 points on a year ago) - ROE: −40%, FY25 - ROIC: −95.4%, against a 10.1% cost of capital: −105.5 points Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the NovoCure Limited share price today? NovoCure Limited's share price was $13.43 at the close on 3 November 2026. It has been moving sideways for 5 weeks. That is 9.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between $10 and $18, and at that close it sat 42% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 7 weeks running. Over the last 10 years the share price moved +15% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 18 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does NovoCure Limited pay? NovoCure Limited pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is NovoCure Limited on? NovoCure Limited is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is NovoCure Limited profitable? NovoCure Limited posted a net loss of $15.7 M in the Jun 2026 quarter. The full FY25 year was a loss of $136 M. That loss is 8.5% of the quarter's revenue. The same quarter a year earlier lost $40.1 M. 12 of the last 12 reported quarters were loss-making. ## How much revenue does NovoCure Limited make, and is it growing? NovoCure Limited reported $184 M of revenue in the Jun 2026 quarter, +15.6% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 4 years it has grown 5.2% a year on average. The last full year, FY25, came in at $655 M. The last four reported quarters add to $699 M. FY25 revenue was $655 M, +8.3% on the year before. Recent pace: the last four quarters grew +10.9% on average, against 5.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +11.0%, against +12.8% a year over the last 8 quarters (stabilising). ## How much of every $100 of sales does NovoCure Limited keep? NovoCure Limited's operating margin was −5.8% in the Jun 2026 quarter, 19.1 percentage points higher than the same quarter a year ago. Across 5 years it has been between −44.4% and −8.2%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +19.1 percentage points on the year while gross margin changed +3.7 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is NovoCure Limited's profit turning into cash? NovoCure Limited's cash-flow history is too short to judge how much of its profit turns into cash. In FY25 its operations used $49.0 M of cash, against −$136 M of profit. After $26.6 M of spending on assets, free cash was −$75.7 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does NovoCure Limited's cash go? NovoCure Limited does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $96.6 M on assets over the last 3 years. Averaged over those years that is 4.9% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $96.6 M over the last 3 years. In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it. ## What is NovoCure Limited's P/E ratio, and how does it compare with its own history? NovoCure Limited has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values NovoCure Limited at 2.4× its FY25 revenue of $655 M. The P/E comes back here once profit turns positive. ## Is the NovoCure Limited business getting better or worse? NovoCure Limited's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does NovoCure Limited earn on its capital? NovoCure Limited earned a ROE of −40% in FY25. That is up from a low of −57% in FY23. Its return on capital used (ROIC) is 105.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −20.8% net margin and 0.81× asset turnover (sales divided by assets). Why the return is what it is (FY25): a −20.8% net margin × 0.81× asset turnover × 2.36× leverage (assets divided by equity) ≈ −39.8% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: −95.4% − 10.1% = −105.5 percentage points. The 10.1% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does NovoCure Limited have too much debt? NovoCure Limited has total debt of $233 M against shareholder equity of $338 M as of Jun 2026, so its debt is 0.69× its equity. Year by year, that ratio went from 1.40 in FY21 to 0.73 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the NovoCure Limited shareholding pattern? 13.2% of NovoCure Limited's tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 9.3 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is NovoCure Limited from balance-sheet trouble? For NovoCure Limited, the Z-score is 0.69. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 0.69 is inside the danger zone, so the balance sheet is a real risk. ## How does NovoCure Limited rank in its industry? 37.8 out of 100, rank 27 of 30 in Medical Devices, with 61% of the evidence available. NovoCure Limited scores 37.8 out of 100 against the 30 companies it is compared with in Medical Devices, ranking 27. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 22.4 + 3.4 + 10 + 2 = 37.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is NovoCure Limited compared with? NovoCure Limited ranks 27 of 30 Medical Devices companies on the 4-Factor Sector Score, with 37.8 out of 100. 1. [DexCom, Inc.](https://www.sectoralpha.in/us/stocks/dxcm) DXCM · losing its lead · Most evidence points up · 81% evidence 74.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.0/35 · Revenue 15.5% · Profit 74.8% · Operating margin change 5.9 points · 83% evidence Capital efficiency 20.9/25 · ROCE 27.8% · Operating margin 24.3% · 76% evidence Valuation 13.6/20 · P/E 26× · PEG 0.66 · 65% evidence Relative strength 11.6/20 · Lead over its industry 2.6% · Lead over S&P 500 8.7% · 1 year 50.9% · 100% evidence · 10 of 12 weeks ahead Exact sum: 28 + 20.9 + 13.6 + 11.6 = 74.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Globus Medical, Inc.](https://www.sectoralpha.in/us/stocks/gmed) GMED · basing · Evidence leans up · 81% evidence 63.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.0/35 · Revenue 19.8% · Profit 50.1% · Operating margin change 7.5 points · 83% evidence Capital efficiency 17.5/25 · ROCE 14.6% · Operating margin 24.8% · 76% evidence Valuation 14.9/20 · P/E 20× · PEG 0.4 · 65% evidence Relative strength 3.3/20 · Lead over its industry -15.4% · Lead over S&P 500 -10.3% · 1 year -5.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 28 + 17.5 + 14.9 + 3.3 = 63.7 · What this means: Earnings are strong; relative strength in its sector is -15.4% and the one-year return is -5.1%. 3. [Boston Scientific Corporation](https://www.sectoralpha.in/us/stocks/bsx) BSX · quiet · Evidence leans up · 81% evidence 61.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.0/35 · Revenue 13.5% · Profit 46.7% · Operating margin change 4.3 points · 83% evidence Capital efficiency 16.3/25 · ROCE 11.4% · Operating margin 22.9% · 76% evidence Valuation 15.6/20 · P/E 17.3× · PEG 0.37 · 65% evidence Relative strength 4.8/20 · Lead over its industry -38.8% · Lead over S&P 500 -35.7% · 1 year -56.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25 + 16.3 + 15.6 + 4.8 = 61.7 · What this means: Earnings are strong; relative strength in its sector is -38.8% and the one-year return is -56.5%. 4. [Haemonetics Corporation](https://www.sectoralpha.in/us/stocks/hae) HAE · leader · Evidence leans up · 81% evidence 59.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.8/35 · Revenue 0.3% · Profit -40.5% · Operating margin change 0 points · 83% evidence Capital efficiency 15.3/25 · ROCE 11.8% · Operating margin 17.9% · 76% evidence Valuation 13.3/20 · P/E 36.5× · PEG 0.49 · 65% evidence Relative strength 19.7/20 · Lead over its industry 36.9% · Lead over S&P 500 44.6% · 1 year 76% · 100% evidence · 12 of 12 weeks ahead Exact sum: 10.8 + 15.3 + 13.3 + 19.7 = 59.1 · What this means: Relative strength against the index is 44.6%, and revenue and profit growth are weak. 5. [Insulet Corporation](https://www.sectoralpha.in/us/stocks/podd) PODD · turning · Evidence leans up · 71% evidence 58.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 29.4% · Profit 58.6% · Operating margin change -2.5 points · 83% evidence Capital efficiency 18.9/25 · ROCE 21.3% · Operating margin 16.2% · 76% evidence Valuation 9.3/20 · P/E 28.1× · PEG n/a · 15% evidence Relative strength 6.5/20 · Lead over its industry -31% · Lead over S&P 500 -27.5% · 1 year -51.6% · 100% evidence · 1 of 12 weeks ahead Exact sum: 23.8 + 18.9 + 9.3 + 6.5 = 58.5 · What this means: Earnings are strong; relative strength in its sector is -31% and the one-year return is -51.6%. 6. [Stryker Corporation](https://www.sectoralpha.in/us/stocks/syk) SYK · basing · Evidence leans up · 81% evidence 57.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 8.5% · Profit 27.8% · Operating margin change 5 points · 83% evidence Capital efficiency 18.8/25 · ROCE 14.9% · Operating margin 27% · 76% evidence Valuation 11.0/20 · P/E 32.4× · PEG 1.16 · 65% evidence Relative strength 4.8/20 · Lead over its industry -15.7% · Lead over S&P 500 -10.7% · 1 year -12.8% · 100% evidence · 1 of 12 weeks ahead Exact sum: 22.6 + 18.8 + 11 + 4.8 = 57.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Glaukos Corporation](https://www.sectoralpha.in/us/stocks/gkos) GKOS · leader · Evidence leans up · 64% evidence 57.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.2/35 · Revenue 41.8% · Profit n/a · Operating margin change 9.8 points · 62% evidence Capital efficiency 3.9/25 · ROCE -9.7% · Operating margin -8.5% · 76% evidence Valuation 11.2/20 · P/E -98.1× · PEG n/a · 15% evidence Relative strength 19.7/20 · Lead over its industry 53.6% · Lead over S&P 500 62.8% · 1 year 177.9% · 100% evidence · 10 of 12 weeks ahead Exact sum: 22.2 + 3.9 + 11.2 + 19.7 = 57 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Medtronic plc](https://www.sectoralpha.in/us/stocks/mdt) MDT · breaking out · Evidence leans up · 85% evidence 55.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Revenue 9.8% · Profit 12.3% · Operating margin change 0.6 points · 95% evidence Capital efficiency 14.3/25 · ROCE 9.4% · Operating margin 19.3% · 76% evidence Valuation 9.3/20 · P/E 20.9× · PEG 1.72 · 65% evidence Relative strength 12.8/20 · Lead over its industry -1.7% · Lead over S&P 500 3.9% · 1 year 7.2% · 100% evidence · 9 of 12 weeks ahead Exact sum: 19.1 + 14.3 + 9.3 + 12.8 = 55.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [STERIS plc](https://www.sectoralpha.in/us/stocks/ste) STE · basing · Evidence leans up · 81% evidence 54.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.7/35 · Revenue 8.3% · Profit 24.7% · Operating margin change 1.4 points · 83% evidence Capital efficiency 15.4/25 · ROCE 12.2% · Operating margin 19.2% · 76% evidence Valuation 12.5/20 · P/E 25.5× · PEG 1 · 65% evidence Relative strength 7.3/20 · Lead over its industry -10.1% · Lead over S&P 500 -4.9% · 1 year -12.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 19.7 + 15.4 + 12.5 + 7.3 = 54.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Edwards Lifesciences Corporation](https://www.sectoralpha.in/us/stocks/ew) EW · turning · Evidence leans up · 81% evidence 53.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.1/35 · Revenue 14.6% · Profit -75.8% · Operating margin change 1.7 points · 83% evidence Capital efficiency 18.6/25 · ROCE 14.8% · Operating margin 29.8% · 76% evidence Valuation 3.9/20 · P/E 51.8× · PEG 5.03 · 65% evidence Relative strength 13.2/20 · Lead over its industry 0.1% · Lead over S&P 500 6.2% · 1 year 14.2% · 100% evidence · 2 of 12 weeks ahead Exact sum: 18.1 + 18.6 + 3.9 + 13.2 = 53.8 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 11. [Koninklijke Philips N.V.](https://www.sectoralpha.in/us/stocks/phg) PHG · turning · Evidence leans up · 71% evidence 52.3 out of 100 Growth Capital Valuation Relative 12. [CONMED Corporation](https://www.sectoralpha.in/us/stocks/cnmd) CNMD · quiet · Evidence leans up · 81% evidence 52.2 out of 100 Growth Capital Valuation Relative 13. [Integer Holdings Corporation](https://www.sectoralpha.in/us/stocks/itgr) ITGR · losing its lead · Too little evidence to rank firmly · 56% evidence 50.8 out of 100 Growth Capital Valuation Relative 14. [iRhythm Holdings, Inc.](https://www.sectoralpha.in/us/stocks/irtc) IRTC · turning · Evidence leans down · 64% evidence 49.4 out of 100 Growth Capital Valuation Relative 15. [Butterfly Network, Inc.](https://www.sectoralpha.in/us/stocks/bfly) BFLY · quiet · Evidence leans down · 61% evidence 48.9 out of 100 Growth Capital Valuation Relative 16. [UFP Technologies, Inc.](https://www.sectoralpha.in/us/stocks/ufpt) UFPT · losing its lead · Evidence leans down · 81% evidence 48.3 out of 100 Growth Capital Valuation Relative 17. [Smith & Nephew plc](https://www.sectoralpha.in/us/stocks/snn) SNN · turning · Too little evidence to rank firmly · 51% evidence 48.1 out of 100 Growth Capital Valuation Relative 18. [LivaNova PLC](https://www.sectoralpha.in/us/stocks/livn) LIVN · turning · Evidence leans down · 64% evidence 47.6 out of 100 Growth Capital Valuation Relative 19. [GE HealthCare Technologies Inc.](https://www.sectoralpha.in/us/stocks/gehc) GEHC · turning · Evidence leans down · 81% evidence 47.3 out of 100 Growth Capital Valuation Relative 20. [Zimmer Biomet Holdings, Inc.](https://www.sectoralpha.in/us/stocks/zbh) ZBH · turning · Evidence leans down · 81% evidence 45.9 out of 100 Growth Capital Valuation Relative 21. [Bruker Corporation](https://www.sectoralpha.in/us/stocks/brkr) BRKR · turning · Evidence leans down · 71% evidence 44.9 out of 100 Growth Capital Valuation Relative 22. [Neogen Corporation](https://www.sectoralpha.in/us/stocks/neog) NEOG · turning · Evidence leans down · 67% evidence 44.8 out of 100 Growth Capital Valuation Relative 23. [Bio-Rad Laboratories, Inc.](https://www.sectoralpha.in/us/stocks/bio) BIO · leader · Evidence leans down · 71% evidence 42.5 out of 100 Growth Capital Valuation Relative 24. [Axogen, Inc.](https://www.sectoralpha.in/us/stocks/axgn) AXGN · turning · Evidence leans down · 64% evidence 42.1 out of 100 Growth Capital Valuation Relative 25. [Establishment Labs Holdings Inc.](https://www.sectoralpha.in/us/stocks/esta) ESTA · basing · Evidence leans down · 61% evidence 40.7 out of 100 Growth Capital Valuation Relative 26. [Inspire Medical Systems, Inc.](https://www.sectoralpha.in/us/stocks/insp) INSP · breaking out · Evidence leans down · 74% evidence 39.4 out of 100 Growth Capital Valuation Relative 27. NovoCure Limited this page NVCR · quiet · Evidence leans down · 61% evidence 37.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/35 · Revenue 10.9% · Profit n/a · Operating margin change 19.1 points · 62% evidence Capital efficiency 3.4/25 · ROCE -26.3% · Operating margin -5.8% · 76% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 2.0/20 · Lead over its industry -16% · Lead over S&P 500 -10.5% · 1 year 23% · 100% evidence · 1 of 12 weeks ahead Exact sum: 22.4 + 3.4 + 10 + 2 = 37.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 28. [Penumbra, Inc.](https://www.sectoralpha.in/us/stocks/pen) PEN · turning · Evidence leans down · 81% evidence 35.7 out of 100 Growth Capital Valuation Relative 29. [TransMedics Group, Inc.](https://www.sectoralpha.in/us/stocks/tmdx) TMDX · quiet · Evidence leans down · 71% evidence 35.7 out of 100 Growth Capital Valuation Relative 30. [Abbott Laboratories](https://www.sectoralpha.in/us/stocks/abt) ABT · turning · Most evidence points down · 85% evidence 34.3 out of 100 Growth Capital Valuation Relative Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Medical Devices](https://www.sectoralpha.in/us/sectors/medical-devices), all 30 compared on one page. ## Which companies are close to NovoCure Limited in size? NovoCure Limited is the 29th largest of 75 Medical Devices companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Establishment Labs Holdings Inc., Inspire Medical Systems, Inc. and Butterfly Network, Inc. Just below it: CONMED Corporation, Tandem Diabetes Care, Inc. and Enovis Corporation. ### Medical Devices companies close in size 1. [Establishment Labs Holdings Inc.](https://www.sectoralpha.in/us/stocks/esta) $1.8 billion 2. [Inspire Medical Systems, Inc.](https://www.sectoralpha.in/us/stocks/insp) $1.8 billion 3. [Butterfly Network, Inc.](https://www.sectoralpha.in/us/stocks/bfly) $1.7 billion 4. NovoCure Limited $1.6 billion 5. [CONMED Corporation](https://www.sectoralpha.in/us/stocks/cnmd) $1.4 billion 6. [Tandem Diabetes Care, Inc.](https://www.sectoralpha.in/us/stocks/tndm) $1.2 billion 7. [Enovis Corporation](https://www.sectoralpha.in/us/stocks/enov) $1.2 billion [All 75 Medical Devices companies, largest first](https://www.sectoralpha.in/us/sectors/medical-devices#all-companies) ### Companies close in size in other industries 1. [Azenta, Inc.](https://www.sectoralpha.in/us/stocks/azta) $1.6 billion · Medical Instruments & Supplies 2. [TWFG, Inc.](https://www.sectoralpha.in/us/stocks/twfg) $1.5 billion · Insurance Brokers 3. NovoCure Limited $1.5 billion 4. [MillerKnoll, Inc.](https://www.sectoralpha.in/us/stocks/mlkn) $1.5 billion · Furnishings, Fixtures & Appliances 5. [Nordic American Tankers Limited](https://www.sectoralpha.in/us/stocks/nat) $1.5 billion · Oil & Gas Midstream ## What else do people ask about NovoCure Limited? ### What were NovoCure Limited Limited's latest quarterly results? NovoCure Limited reported revenue of $184 M and a net loss of $15.7 M for the Jun 2026 quarter. Earnings per share were −$0.13. The operating margin was −5.8%, 19.1 percentage points higher than a year earlier (as of 3 November 2026). ### What is NovoCure Limited Limited's market cap? NovoCure Limited's market capitalisation is $1.6 B at a stock price of $13.43. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is NovoCure Limited Limited performing? NovoCure Limited's share price has been moving sideways for 5 weeks. Over the past 13 weeks it has done worse than the S&P 500, for 7 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will NovoCure Limited Limited's stock price go up? This page does not forecast NovoCure Limited's stock price. What it shows instead: the stock price is $13.43, and it has been moving sideways for 5 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is NovoCure Limited Limited in its business cycle? NovoCure Limited's FY25 operating margin was −22.6%, against a 5-year range of −44.4% to −8.2%: the middle of its own range, neither a peak nor a low. The latest quarter was −5.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the NovoCure Limited Limited story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is NovoCure Limited Limited a stock worth studying right now? What the numbers show: NovoCure Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.