A new trading day began on Tuesday, with Navitas Semiconductor Corp (NASDAQ: NVTS) stock price up 4.49% from the previous day of trading, before settling in for the closing price of $1.78. NVTS’s price has ranged from $1.75 to $8.44 over the past 52 weeks.
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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%. Meanwhile, its annual earnings per share averaged -24.74%. With a float of $114.53 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. 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) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of Navitas Semiconductor Corp is 38.69%, while institutional ownership is 37.12%. 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) Recent Fiscal highlights
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.04 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
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
Here are Navitas Semiconductor Corp’s current performance indicators. According to the last quarter’s results, the 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 3.80.
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)
Compared to the last year’s volume of 2.7 million, its volume of 2.94 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 8.67%. Additionally, its Average True Range was 0.17.
During the past 100 days, Navitas Semiconductor Corp’s (NVTS) raw stochastic average was set at 3.46%, which indicates a significant decrease from 11.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.55% in the past 14 days, which was lower than the 77.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.3695, while its 200-day Moving Average is $3.8044. Nevertheless, the first resistance level for the watch stands at $1.9040 in the near term. At $1.9479, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.0199. If the price goes on to break the first support level at $1.7881, it is likely to go to the next support level at $1.7161. Now, if the price goes above the second support level, the third support stands at $1.6722.
Navitas Semiconductor Corp (NASDAQ: NVTS) Key Stats
With a market capitalization of 347.44 million, the company has a total of 186,796K Shares Outstanding. Currently, annual sales are 79,460 K while annual income is -145,430 K. The company’s previous quarter sales were 21,680 K while its latest quarter income was -18,730 K.
