Navitas Semiconductor Corp (NVTS) recent quarterly performance of -39.45% is not showing the real picture

Navitas Semiconductor Corp (NASDAQ: NVTS) started the day on Wednesday, with a price decrease of -0.65% at $4.62, before settling in for the price of $4.65 at the close. Taking a more long-term approach, NVTS posted a 52-week range of $4.16-$11.16.

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The company of the Technology sector’s yearbook sales growth during the past 5- year span was recorded 90.19%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 10.69%. This publicly-traded company’s shares outstanding now amounts to $179.20 million, simultaneously with a float of $117.70 million. The organization now has a market capitalization sitting at $828.13 million. At the time of writing, stock’s 50-day Moving Average stood at $5.55, while the 200-day Moving Average is $7.23.

Navitas Semiconductor Corp (NVTS) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Semiconductors Industry. Navitas Semiconductor Corp’s current insider ownership accounts for 34.34%, in contrast to 41.59% institutional ownership. According to the most recent insider trade that took place on Mar 14 ’24, this organization’s President & CEO sold 38,431 shares at the rate of 4.80, making the entire transaction reach 184,507 in total value, affecting insider ownership by 3,061,631. Preceding that transaction, on Mar 14 ’24, Company’s COO and CTO sold 24,073 for 4.80, making the whole transaction’s value amount to 115,574. This particular insider is now the holder of 4,538,353 in total.

Navitas Semiconductor Corp (NVTS) Earnings and Revenue Records

In the latest quarterly report released, which was put into the public domain on 12/30/2023, the organization reported -$0.04 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at -$0.05) by $0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.

Navitas Semiconductor Corp’s EPS increase for this current 12-month fiscal period is 10.69% and is forecasted to reach -0.05 in the upcoming year.

Navitas Semiconductor Corp (NASDAQ: NVTS) Trading Performance Indicators

Let’s observe the current performance indicators for Navitas Semiconductor Corp (NVTS). It’s Quick Ratio in the last reported quarter now stands at 3.68. The Stock has managed to achieve an average true range (ATR) of 0.35. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 10.42.

In the same vein, NVTS’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.89, a figure that is expected to reach -0.05 in the next quarter, and analysts are predicting that it will be -0.05 at the market close of one year from today.

Technical Analysis of Navitas Semiconductor Corp (NVTS)

If we take a close look at the recent performances of Navitas Semiconductor Corp (NASDAQ: NVTS), its last 5-days Average volume was 2.77 million that shows plunge from its year to date volume of 3.04 million. During the previous 9 days, stock’s Stochastic %D was recorded 71.43% While, its Average True Range was 0.33.

Raw Stochastic average of Navitas Semiconductor Corp (NVTS) in the period of the previous 100 days is set at 10.75%, which indicates a major fall in contrast to 48.42% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 65.13% that was higher than 61.44% volatility it exhibited in the past 100-days period.