On November 20, 2023, Navitas Semiconductor Corp (NASDAQ: NVTS) opened at $7.02, higher 2.31% from the last session. During the day, the shares moved up to $7.25 and dropped to $7.00 before settling in for the closing price of $6.93. Price fluctuations for NVTS have ranged from $3.11 to $11.16 over the past 52 weeks.
A company in the Technology sector has jumped its sales by 78.61% annually for the last half of the decade. Company’s average yearly earnings per share was noted 25.40% at the time writing. With a float of $115.83 million, this company’s outstanding shares have now reached $153.63 million.
In an organization with 230 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +11.64, operating margin of -317.74, and the pretax margin is +134.45.
Navitas Semiconductor Corp (NVTS) Insider Updates
A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of Navitas Semiconductor Corp is 35.10%, while institutional ownership is 36.77%. The most recent insider transaction that took place on Nov 14, was worth 309,217. In this transaction Director of this company sold 49,150 shares at a rate of $6.29, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 14, when Company’s Director sold 49,150 for $6.29, making the entire transaction worth $309,217. This insider now owns 0 shares in total.
Navitas Semiconductor Corp (NVTS) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$0.04 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.05) by $0.01. This company achieved a net margin of +198.46 while generating a return on equity of 33.10. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 25.40% per share during the next fiscal year.
Navitas Semiconductor Corp (NASDAQ: NVTS) Trading Performance Indicators
Check out the current performance indicators for Navitas Semiconductor Corp (NVTS). In the past quarter, the stock posted a quick ratio of 4.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 19.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.75, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.13 in one year’s time.
Technical Analysis of Navitas Semiconductor Corp (NVTS)
Let’s dig in a bit further. During the last 5-days, its volume was 1.91 million. That was inferior than the volume of 1.95 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 93.20%. Additionally, its Average True Range was 0.38.
During the past 100 days, Navitas Semiconductor Corp’s (NVTS) raw stochastic average was set at 36.38%, which indicates a significant decrease from 92.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.75% in the past 14 days, which was higher than the 60.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.37, while its 200-day Moving Average is $7.48. However, in the short run, Navitas Semiconductor Corp’s stock first resistance to watch stands at $7.23. Second resistance stands at $7.36. The third major resistance level sits at $7.48. If the price goes on to break the first support level at $6.98, it is likely to go to the next support level at $6.86. Assuming the price breaks the second support level, the third support level stands at $6.73.
Navitas Semiconductor Corp (NASDAQ: NVTS) Key Stats
There are currently 178,488K shares outstanding in the company with a market cap of 1.27 billion. Presently, the company’s annual sales total 37,940 K according to its annual income of 73,910 K. Last quarter, the company’s sales amounted to 21,980 K and its income totaled 7,520 K.