Navitas Semiconductor Corp (NASDAQ: NVTS) kicked off on Tuesday, up 1.79% from the previous trading day, before settling in for the closing price of $3.91. Over the past 52 weeks, NVTS has traded in a range of $3.48-$11.16.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 90.19%. While this was happening, its average annual earnings per share was recorded -14.53%. With a float of $113.01 million, this company’s outstanding shares have now reached $179.20 million.
Considering the fact that the conglomerate employs 314 people, you should pay attention to its efficiency factor.
Navitas Semiconductor Corp (NVTS) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Semiconductors Industry. The insider ownership of Navitas Semiconductor Corp is 38.28%, while institutional ownership is 41.90%. The most recent insider transaction that took place on Jun 10 ’24, was worth 387,473. In this transaction Director of this company sold 87,059 shares at a rate of $4.45, taking the stock ownership to the 5,944,420 shares. Before that another transaction happened on Jun 07 ’24, when Company’s Director sold 87,060 for $4.49, making the entire transaction worth $391,039. This insider now owns 6,031,479 shares in total.
Navitas Semiconductor Corp (NVTS) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -14.53% per share during the next fiscal year.
Navitas Semiconductor Corp (NASDAQ: NVTS) Trading Performance Indicators
Take a look at Navitas Semiconductor Corp’s (NVTS) current performance indicators. Last quarter, stock had a quick ratio of 3.76. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.52, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.13 in one year’s time.
Technical Analysis of Navitas Semiconductor Corp (NVTS)
Compared to the last year’s volume of 2.77 million, its volume of 2.19 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 17.67%. Additionally, its Average True Range was 0.23.
During the past 100 days, Navitas Semiconductor Corp’s (NVTS) raw stochastic average was set at 12.76%, which indicates a significant increase from 9.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.48% in the past 14 days, which was lower than the 68.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.16, while its 200-day Moving Average is $5.66. Nevertheless, the first resistance level for the watch stands at $4.04 in the near term. At $4.09, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.17. If the price goes on to break the first support level at $3.91, it is likely to go to the next support level at $3.83. Should the price break the second support level, the third support level stands at $3.78.
Navitas Semiconductor Corp (NASDAQ: NVTS) Key Stats
The company with the Market Capitalisation of 728.74 million has total of 183,101K Shares Outstanding. Its annual sales at the moment are 79,460 K in contrast with the sum of -145,430 K annual income. Company’s last quarter sales were recorded 23,180 K and last quarter income was -3,680 K.
