Navitas Semiconductor Corp (NASDAQ: NVTS) kicked off on Tuesday, down -9.06% from the previous trading day, before settling in for the closing price of $2.54. Over the past 52 weeks, NVTS has traded in a range of $2.22-$8.44.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 90.19%. While this was happening, its average annual earnings per share was recorded -21.39%. With a float of $113.18 million, this company’s outstanding shares have now reached $179.20 million.
The extent of productivity of a business whose workforce counts for 314 workers is very important to gauge. In terms of profitability, gross margin is 33.62%, operating margin of -128.87%, and the pretax margin is -56.09%.
Navitas Semiconductor Corp (NVTS) Insider Updates
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 38.31%, while institutional ownership is 41.51%. The most recent insider transaction that took place on Aug 28 ’24, was worth 1,372,350. In this transaction President & CEO of this company sold 453,190 shares at a rate of $3.03, taking the stock ownership to the 2,608,441 shares. Before that another transaction happened on Aug 29 ’24, when Company’s President & CEO sold 265,148 for $3.04, making the entire transaction worth $805,944. This insider now owns 2,343,293 shares in total.
Navitas Semiconductor Corp (NVTS) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.04 earnings per share (EPS), higher than consensus estimate (set at -0.05) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -21.39% 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 4.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.28, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.18 in one year’s time.
Technical Analysis of Navitas Semiconductor Corp (NVTS)
The latest stats from [Navitas Semiconductor Corp, NVTS] show that its last 5-days average volume of 2.92 million was superior to 2.7 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 48.26%. Additionally, its Average True Range was 0.21.
During the past 100 days, Navitas Semiconductor Corp’s (NVTS) raw stochastic average was set at 3.09%, which indicates a significant decrease from 9.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 101.06% in the past 14 days, which was higher than the 73.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.33, while its 200-day Moving Average is $4.87. Now, the first resistance to watch is $2.46. This is followed by the second major resistance level at $2.60. The third major resistance level sits at $2.72. If the price goes on to break the first support level at $2.20, it is likely to go to the next support level at $2.08. Assuming the price breaks the second support level, the third support level stands at $1.94.
Navitas Semiconductor Corp (NASDAQ: NVTS) Key Stats
The company with the Market Capitalisation of 423.79 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 20,470 K and last quarter income was -22,330 K.
