Navitas Semiconductor Corp (NASDAQ: NVTS) on Monday, plunged -3.01% from the previous trading day, before settling in for the closing price of $4.32. Within the past 52 weeks, NVTS’s price has moved between $4.16 and $11.16.
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During the last 5-year period, the sales growth of Technology Sector giant was 90.19%. The company achieved an average annual earnings per share of 10.69%. With a float of $117.97 million, this company’s outstanding shares have now reached $179.20 million.
Let’s determine the extent of company efficiency that accounts for 314 employees.
Navitas Semiconductor Corp (NVTS) Insider Activity
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Navitas Semiconductor Corp is 34.19%, while institutional ownership is 41.60%. The most recent insider transaction that took place on Mar 14 ’24, was worth 184,507. In this transaction President & CEO of this company sold 38,431 shares at a rate of $4.80, taking the stock ownership to the 3,061,631 shares. Before that another transaction happened on Mar 14 ’24, when Company’s COO and CTO sold 24,073 for $4.80, making the entire transaction worth $115,574. This insider now owns 4,538,353 shares in total.
Navitas Semiconductor Corp (NVTS) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 10.69% per share during the next fiscal year.
Navitas Semiconductor Corp (NASDAQ: NVTS) Trading Performance Indicators
Navitas Semiconductor Corp (NVTS) is currently performing well based on its current performance indicators. A quick ratio of 3.68 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.89, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.05 in one year’s time.
Technical Analysis of Navitas Semiconductor Corp (NVTS)
Looking closely at Navitas Semiconductor Corp (NASDAQ: NVTS), its last 5-days average volume was 2.88 million, which is a drop from its year-to-date volume of 2.98 million. As of the previous 9 days, the stock’s Stochastic %D was 25.43%. Additionally, its Average True Range was 0.32.
During the past 100 days, Navitas Semiconductor Corp’s (NVTS) raw stochastic average was set at 8.36%, which indicates a significant decrease from 34.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.68% in the past 14 days, which was lower than the 59.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.27, while its 200-day Moving Average is $7.04. However, in the short run, Navitas Semiconductor Corp’s stock first resistance to watch stands at $4.41. Second resistance stands at $4.63. The third major resistance level sits at $4.94. If the price goes on to break the first support level at $3.88, it is likely to go to the next support level at $3.58. Should the price break the second support level, the third support level stands at $3.36.
Navitas Semiconductor Corp (NASDAQ: NVTS) Key Stats
Market capitalization of the company is 751.06 million based on 179,253K outstanding shares. Right now, sales total 79,460 K and income totals -145,430 K. The company made 26,060 K in profit during its latest quarter, and -32,580 K in sales during its previous quarter.
