Navitas Semiconductor Corp (NASDAQ: NVTS) on Tuesday, soared 1.56% from the previous trading day, before settling in for the closing price of $2.56. Within the past 52 weeks, NVTS’s price has moved between $2.14 and $8.44.
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Annual sales at Technology sector company grew by 90.19% over the past five years. The company achieved an average annual earnings per share of -21.39%. With a float of $112.48 million, this company’s outstanding shares have now reached $179.20 million.
Let’s look at the performance matrix of the company that is accounted for 314 employees. 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 and Institutional Ownership
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Navitas Semiconductor Corp is 38.69%, while institutional ownership is 41.81%. 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) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.04 earnings per share (EPS) for the period topping the consensus outlook (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
Navitas Semiconductor Corp (NVTS) is currently performing well based on its current performance indicators. A quick ratio of 4.82 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 5.20.
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)
Navitas Semiconductor Corp (NASDAQ: NVTS) saw its 5-day average volume 1.85 million, a negative change from its year-to-date volume of 2.65 million. As of the previous 9 days, the stock’s Stochastic %D was 64.27%. Additionally, its Average True Range was 0.16.
During the past 100 days, Navitas Semiconductor Corp’s (NVTS) raw stochastic average was set at 15.36%, which indicates a significant decrease from 72.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.78% in the past 14 days, which was lower than the 73.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.61, while its 200-day Moving Average is $4.21. Nevertheless, the first resistance level for the watch stands at $2.66 in the near term. At $2.71, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.77. If the price goes on to break the first support level at $2.54, it is likely to go to the next support level at $2.48. The third support level lies at $2.43 if the price breaches the second support level.
Navitas Semiconductor Corp (NASDAQ: NVTS) Key Stats
Market capitalization of the company is 477.00 million based on 183,101K outstanding shares. Right now, sales total 79,460 K and income totals -145,430 K. The company made 20,470 K in profit during its latest quarter, and -22,330 K in sales during its previous quarter.
