Navitas Semiconductor Corporation (NASDAQ:NVTS) finished Friday with an addition of $0.2 to close at $8.49, an upside of 2.41 percent. An average of 2,116,880 shares of common stock have been traded in the last five days. There was a gain of $0.57 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 2,337,655 shares traded, while the 50-day average volume stands at 2,231,454.
NVTS stock has decreased by -12.56% in the last month. The company shares reached their 1-month lowest point of $7.39 on 08/17/23. With the stock rallying to its 52-week high on 07/05/23, shares of the company touched a low of $3.11 and a high of $11.16 in 52 weeks. It has reached a new high 34 times so far this year and achieved 141.88% or $4.98 in price. In spite of this, the price is down -23.96% from the 52-week high.
Insider Transactions
NVTS stock investors should be aware that Navitas Semiconductor Corporation (NVTS) stock had its last reported insider trading activity 1 day ago on Aug 25. In this transaction, the insider spent $332,400. Director, Wunderlich Gary Kent JR, disposed of 24,935 shares at a price of $8.34 on Aug 25. The insider now owns more than $207,958 worth of shares. Prior to that, Director Wunderlich Gary Kent JR went on to Sale 25,000 shares at $8.50 each on Aug 24. An amount of $212,500 was transacted.
Valuation Metrics
Navitas Semiconductor Corporation (NVTS) stock’s beta is 2.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 26.81, the price-to-book (PB) ratio at 3.66.
Financial Health
The quick ratio of Navitas Semiconductor Corporation for the three months ended June 29 was 5.50, and the current ratio was 6.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Navitas Semiconductor Corporation’s EBITDA margin for the year ending June 29 is -293.31%. Its gross profit as reported stood at $11.95 million compared to revenue of $37.94 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$58.53 million in the quarter, while revenues of -$61.85 million were grew 157.82%. The analyst consensus anticipated Navitas Semiconductor Corporation’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be -$0.05, a 28.60% surprise. For the quarter, EBITDA amounted to -$21.93 million. Shareholders own equity worth $173.72 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Navitas Semiconductor Corporation (NVTS) price momentum. RSI 9-day as of the close on 25 August was 45.16%, suggesting the stock is Neutral, with historical volatility in this time frame at 74.01%.
As of today, NVTS’s price is $8.46 +7.20% or $0.57 from its 5-day moving average. NVTS is currently trading -15.69% lower than its 20-day SMA and +17.43% higher than its 100-day SMA. However, the stock’s current price level is -15.10% below the SMA50 and +105.07% above the SMA200.
The stochastic %K and %D were 39.61% and 39.36%, respectively, and the average true range (ATR) was 0.63. With the 14-day stochastic at 40.59% and the average true range at 0.62, the RSI (14) stands at 44.25%. The stock has reached 0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.04.
Analyst Ratings
Rosenblatt launched coverage on Navitas Semiconductor Corporation (NASDAQ: NVTS) in its analyst report released on February 24, 2022. The firm assigned the stock a Buy rating. The consensus rating for Navitas Semiconductor Corporation (NVTS) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NVTS, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.
What is NVTS’s price target for the next 12 months?
Analysts predict a range of price targets between $11.00 and $14.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for Navitas Semiconductor Corporation (NVTS) stock is $12.00.
