A new trading day began on Friday, with Navitas Semiconductor Corp (NASDAQ: NVTS) stock price up 19.80% from the previous day of trading, before settling in for the closing price of $2.02. NVTS’s price has ranged from $1.75 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. 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.
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 and Institutional Ownership
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 37.10%. The most recent insider transaction that took place on Nov 22 ’24, was worth 35,808. Before that another transaction happened on Nov 22 ’24, when Company’s DIRECTOR proposed sale 15,000 for $2.39, making the entire transaction worth $35,808.
Navitas Semiconductor Corp (NVTS) Latest Financial update
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 5.93.
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 3.18 million. That was better than the volume of 2.72 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 56.84%. Additionally, its Average True Range was 0.19.
During the past 100 days, Navitas Semiconductor Corp’s (NVTS) raw stochastic average was set at 21.07%, which indicates a significant decrease from 89.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 116.17% in the past 14 days, which was higher than the 84.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.35, while its 200-day Moving Average is $3.75. However, in the short run, Navitas Semiconductor Corp’s stock first resistance to watch stands at $2.58. Second resistance stands at $2.73. The third major resistance level sits at $2.99. If the price goes on to break the first support level at $2.16, it is likely to go to the next support level at $1.90. The third support level lies at $1.75 if the price breaches the second support level.
Navitas Semiconductor Corp (NASDAQ: NVTS) Key Stats
With a market capitalization of 541.56 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.
