As of Thursday close, Navitas Semiconductor Corporation’s (NASDAQ:NVTS) stock was up $0.02, moving up 0.27 percent to $7.53. The average number of shares traded per day over the past five days has been 5,180,240 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.97 fall in that time frame. In the last twenty days, the average volume was 2,823,050, while in the previous 50 days, it was 2,094,398.
Since last month, NVTS stock rose 37.41%. Shares of the company fell to $5.16 on 04/28/23, the lowest level in the past month. A 52-week high of $9.72 was reached on 05/23/23 after having rallying from a 52-week low of $3.11. Since the beginning of this year, NVTS’s stock price has risen by 114.53% or $4.02, and marked a new high 27 times. However, the stock has declined by -22.53% since its 52-week high.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
Sponsored
NVTS stock investors should be aware that Navitas Semiconductor Corporation (NVTS) stock had its last reported insider trading activity 70 days ago on Mar 17. Singh Ranbir, the EVP, GeneSic Business of the company, disposed of 1,556 shares for $6.55 on Mar 17. It resulted in a $10,192 divestment by the insider. Sheridan Eugene sold 38,521 shares at an average price of $6.30 on Mar 15. The insider now owns 2,214,083 shares following the transaction. On Mar 15, COO and CTO Kinzer Daniel M. sold 8,990 shares at $6.30 apiece. The transaction was valued at $56,637.
Financial Health
In the three months ended March 30, Navitas Semiconductor Corporation’s quick ratio stood at 4.70, while its current ratio was 5.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 32.50% percent. Based on annual data, NVTS earned $11.95 million in gross profit and brought in $37.94 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -26.50%. Return on equity (ROE) for the past 12 months was -20.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NVTS’s revenue rose 49.55% to $12.35 million during the quarter, while net income inched up to $13.36 million. While analysts expected Navitas Semiconductor Corporation to report -$0.08 quarterly earnings, the actual figure was -$0.07 per share, beating the consensus estimate by 12.50%. During the quarter, the company generated -$30.42 million in EBITDA. The liabilities of Navitas Semiconductor Corporation were 71.36 million at the end of its most recent quarter ended March 30, and its total debt was $6.72 million. The value of shareholders’ equity is $160.93 million.
Technical Picture
This quick technical analysis looks at Navitas Semiconductor Corporation’s (NVTS) price momentum. With a historical volatility rate of 163.66%, the RSI 9-day stood at 50.38% on 25 May.
With respect to its five-day moving average, the current Navitas Semiconductor Corporation price is down by -11.41% percent or -$0.97. At present, NVTS shares trade +42.61% above its 20-day simple moving average and +114.53% percent above its 100-day simple moving average. However, the stock is currently trading approximately +24.67% above its SMA50 and +66.59% above its SMA200.
Stochastic coefficient K was 60.29% and Stochastic coefficient D was 78.28%, while ATR was 0.79. Given the Stochastic reading of 41.76% for the 14-day period, the RSI (14) reading has been calculated as 53.53%. As of today, the MACD Oscillator reading stands at -0.01, while the 14-day reading stands at 0.64.
Analyst Ratings
Navitas Semiconductor Corporation (NVTS) has been rated Buy by analysts. According to 0 brokerage firms, NVTS is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Navitas Semiconductor Corporation stock as buy, with 6 recommending it as overweight.
With a median target price of $9.50, the current consensus forecast for the stock is $8.00 – $14.00. Based on these forecasts, analysts predict Navitas Semiconductor Corporation (NVTS) will achieve an average price target of $9.63.