On Friday, Navitas Semiconductor Corp (NASDAQ: NVTS) opened higher 4.45% from the last session, before settling in for the closing price of $2.47. Price fluctuations for NVTS have ranged from $2.14 to $8.44 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 90.19% annually for the last half of the decade. Company’s average yearly earnings per share was noted -21.43% at the time writing. With a float of $112.48 million, this company’s outstanding shares have now reached $179.20 million.
In an organization with 314 employees, it is important to assess its efficiency. 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
A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of Navitas Semiconductor Corp is 38.69%, while institutional ownership is 40.93%. 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
According to the Wall Street analysts, stocks earnings will be around -21.43% per share during the next fiscal year.
Navitas Semiconductor Corp (NASDAQ: NVTS) Trading Performance Indicators
Check out the current performance indicators for Navitas Semiconductor Corp (NVTS). In the past quarter, the stock posted a quick ratio of 4.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.39.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 2.93 million. That was better than the volume of 2.64 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 29.86%. Additionally, its Average True Range was 0.18.
During the past 100 days, Navitas Semiconductor Corp’s (NVTS) raw stochastic average was set at 14.69%, which indicates a significant decrease from 31.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.59% in the past 14 days, which was lower than the 74.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.53, while its 200-day Moving Average is $4.05. However, in the short run, Navitas Semiconductor Corp’s stock first resistance to watch stands at $2.65. Second resistance stands at $2.71. The third major resistance level sits at $2.79. If the price goes on to break the first support level at $2.51, it is likely to go to the next support level at $2.43. Assuming the price breaks the second support level, the third support level stands at $2.37.
Navitas Semiconductor Corp (NASDAQ: NVTS) Key Stats
There are currently 183,101K shares outstanding in the company with a market cap of 494.40 million. Presently, the company’s annual sales total 79,460 K according to its annual income of -145,430 K. Last quarter, the company’s sales amounted to 20,470 K and its income totaled -22,330 K.
