Navitas Semiconductor Corp (NASDAQ: NVTS) kicked off on Monday, down -5.56% from the previous trading day, before settling in for the closing price of $2.16. Over the past 52 weeks, NVTS has traded in a range of $2.13-$8.44.
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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. While this was happening, its average annual earnings per share was recorded -24.74%. With a float of $114.53 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 35.38%, operating margin of -129.65%, and the pretax margin is -84.88%.
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 38.69%, while institutional ownership is 40.23%. 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 -24.74% 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 4.77. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.43, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.21 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 4.2 million. That was better than the volume of 2.69 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 4.38%. Additionally, its Average True Range was 0.19.
During the past 100 days, Navitas Semiconductor Corp’s (NVTS) raw stochastic average was set at 2.03%, which indicates a significant decrease from 6.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 78.47% in the past 14 days, which was higher than the 75.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.44, while its 200-day Moving Average is $3.93. However, in the short run, Navitas Semiconductor Corp’s stock first resistance to watch stands at $2.16. Second resistance stands at $2.27. The third major resistance level sits at $2.36. If the price goes on to break the first support level at $1.95, it is likely to go to the next support level at $1.86. Assuming the price breaks the second support level, the third support level stands at $1.75.
Navitas Semiconductor Corp (NASDAQ: NVTS) Key Stats
The company with the Market Capitalisation of 374.14 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.
