Let’s look at the key reasons that are pushing Navitas Semiconductor Corp (NVTS) to new highs

On Monday, Navitas Semiconductor Corp (NASDAQ: NVTS) opened higher 21.77% from the last session, before settling in for the closing price of $3.17. Price fluctuations for NVTS have ranged from $1.75 to $8.44 over the past 52 weeks.

During the last 5-year period, the sales growth of Technology Sector giant was 90.19%. Company’s average yearly earnings per share was noted -24.74% at the time writing. With a float of $114.11 million, this company’s outstanding shares have now reached $186.79 million.

Let’s determine the extent of company efficiency that accounts for 314 employees. 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

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 38.91%, while institutional ownership is 37.12%. The most recent insider transaction that took place on Dec 10 ’24, was worth 337,500. In this transaction Director of this company sold 75,000 shares at a rate of $4.50, taking the stock ownership to the 395,224 shares. Before that another transaction happened on Dec 10 ’24, when Company’s Director sold 20,000 for $4.45, making the entire transaction worth $88,914. This insider now owns 296,709 shares in total.

Navitas Semiconductor Corp (NVTS) Recent Fiscal highlights

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

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 7.89.

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)

Looking closely at Navitas Semiconductor Corp (NASDAQ: NVTS), its last 5-days average volume was 9.88 million, which is a jump from its year-to-date volume of 3.29 million. As of the previous 9 days, the stock’s Stochastic %D was 29.32%. Additionally, its Average True Range was 0.45.

During the past 100 days, Navitas Semiconductor Corp’s (NVTS) raw stochastic average was set at 72.62%, which indicates a significant increase from 58.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 162.54% in the past 14 days, which was higher than the 105.20% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.73, while its 200-day Moving Average is $3.49. However, in the short run, Navitas Semiconductor Corp’s stock first resistance to watch stands at $4.13. Second resistance stands at $4.40. The third major resistance level sits at $4.85. If the price goes on to break the first support level at $3.41, it is likely to go to the next support level at $2.96. Now, if the price goes above the second support level, the third support stands at $2.69.

Navitas Semiconductor Corp (NASDAQ: NVTS) Key Stats

There are currently 186,796K shares outstanding in the company with a market cap of 721.03 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.