On Monday, Navitas Semiconductor Corp (NASDAQ: NVTS) opened higher 9.82% from the last session, before settling in for the closing price of $2.75. Price fluctuations for NVTS have 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. Company’s average yearly earnings per share was noted -24.74% at the time writing. With a float of $112.88 million, this company’s outstanding shares have now reached $186.79 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
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 39.57%, while institutional ownership is 37.10%. The most recent insider transaction that took place on Nov 22 ’24, was worth 35,810. In this transaction Director of this company sold 15,000 shares at a rate of $2.39, taking the stock ownership to the 42,366 shares. Before that another transaction happened on Nov 22 ’24, when Company’s Director sold 15,000 for $2.39, making the entire transaction worth $35,810. This insider now owns 42,366 shares in total.
Navitas Semiconductor Corp (NVTS) Latest Financial update
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
Check out the current performance indicators for Navitas Semiconductor Corp (NVTS). In the past quarter, the stock posted a quick ratio of 4.77. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.90.
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 5.47 million. That was better than the volume of 2.78 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 82.30%. Additionally, its Average True Range was 0.24.
During the past 100 days, Navitas Semiconductor Corp’s (NVTS) raw stochastic average was set at 39.94%, which indicates a significant decrease from 94.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 131.10% in the past 14 days, which was higher than the 90.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.38, while its 200-day Moving Average is $3.65. However, in the short run, Navitas Semiconductor Corp’s stock first resistance to watch stands at $3.16. Second resistance stands at $3.29. The third major resistance level sits at $3.49. If the price goes on to break the first support level at $2.83, it is likely to go to the next support level at $2.63. The third support level lies at $2.50 if the price breaches the second support level.
Navitas Semiconductor Corp (NASDAQ: NVTS) Key Stats
There are currently 186,796K shares outstanding in the company with a market cap of 630.63 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 21,680 K and its income totaled -18,730 K.