A new trading day began on June 22, 2022, with Navitas Semiconductor Corporation (NASDAQ: NVTS) stock priced at $5.03, down -7.74% from the previous day of trading. During the day, the shares moved up to $5.18 and dropped to $4.73 before settling in for the closing price of $5.17. NVTS’s price has ranged from $4.90 to $22.19 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged -701.60%. With a float of $86.68 million, this company’s outstanding shares have now reached $119.54 million.
Let’s determine the extent of company efficiency that accounts for 162 employees. In terms of profitability, gross margin is +45.02, operating margin of -288.08, and the pretax margin is -643.07.
Navitas Semiconductor Corporation (NVTS) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of Navitas Semiconductor Corporation is 6.10%, while institutional ownership is 32.80%.
Navitas Semiconductor Corporation (NVTS) Recent Fiscal highlights
In its latest quarterly report, released on 12/30/2021, the company reported earnings of -$0.07 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -643.26 while generating a return on equity of -104.60. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -701.60% per share during the next fiscal year.
Navitas Semiconductor Corporation (NASDAQ: NVTS) Trading Performance Indicators
Here are Navitas Semiconductor Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 20.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 21.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.62, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.23 in one year’s time.
Technical Analysis of Navitas Semiconductor Corporation (NVTS)
Looking closely at Navitas Semiconductor Corporation (NASDAQ: NVTS), its last 5-days average volume was 1.54 million, which is a jump from its year-to-date volume of 1.26 million. As of the previous 9 days, the stock’s Stochastic %D was 12.35%. Additionally, its Average True Range was 0.56.
During the past 100 days, Navitas Semiconductor Corporation’s (NVTS) raw stochastic average was set at 0.53%, which indicates a significant decrease from 1.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 102.71% in the past 14 days, which was higher than the 99.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.92, while its 200-day Moving Average is $10.88. However, in the short run, Navitas Semiconductor Corporation’s stock first resistance to watch stands at $5.06. Second resistance stands at $5.34. The third major resistance level sits at $5.51. If the price goes on to break the first support level at $4.61, it is likely to go to the next support level at $4.44. Now, if the price goes above the second support level, the third support stands at $4.16.
Navitas Semiconductor Corporation (NASDAQ: NVTS) Key Stats
With a market capitalization of 540.58 million, the company has a total of 123,691K Shares Outstanding. Currently, annual sales are 23,740 K while annual income is -152,690 K. The company’s previous quarter sales were 6,740 K while its latest quarter income was 79,790 K.