As of Thursday close, Navitas Semiconductor Corporation’s (NASDAQ:NVTS) stock was down -$0.42, moving down -5.80 percent to $6.82. The average number of shares traded per day over the past five days has been 2,214,880 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.95 fall in that time frame. In the last twenty days, the average volume was 2,207,105, while in the previous 50 days, it was 2,079,136.
Since last month, NVTS stock retreated -19.58%. Shares of the company fell to $6.81 on 09/21/23, the lowest level in the past month. A 52-week high of $11.16 was reached on 07/05/23 after having rallying from a 52-week low of $3.11. Since the beginning of this year, NVTS’s stock price has risen by 94.30% or $3.31, and marked a new high 34 times. However, the stock has declined by -38.92% since its 52-week high.
NVTS stock investors should be aware that Navitas Semiconductor Corporation (NVTS) stock had its last reported insider trading activity 16 days ago on Sep 06. Sheridan Eugene, the President & CEO of the company, disposed of 16,666 shares for $8.57 on Sep 06. It resulted in a $142,884 divestment by the insider. Sheridan Eugene sold 16,866 shares at an average price of $8.65 on Sep 05. The insider now owns 844,662 shares following the transaction. On Sep 01, Director HENDRIX RICHARD J sold 20,000 shares at $8.85 apiece. The transaction was valued at $177,014.
Valuation Metrics
The stock’s beta is 2.45. Besides these, the trailing price-to-sales (P/S) ratio of 22.46, the price-to-book (PB) ratio of 2.94.
Financial Health
In the recent quarter, Navitas Semiconductor Corporation’s quick ratio stood at 5.50, while its current ratio was 6.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 34.00% 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 -43.10%.
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 52.33% to $13.36 million during the quarter, while net income inched up to $18.06 million. During the quarter, the company generated -$21.93 million in EBITDA. The liabilities of Navitas Semiconductor Corporation were 115.74 million at the end of its most recent quarter, and its total debt was $6.32 million. The value of shareholders’ equity is $173.72 million.
Technical Picture
This quick technical analysis looks at Navitas Semiconductor Corporation’s (NVTS) price momentum. With a historical volatility rate of 29.77%, the RSI 9-day stood at 18.90% on 21 September.
With respect to its five-day moving average, the current Navitas Semiconductor Corporation price is down by -12.23% percent or -$0.95. At present, NVTS shares trade -20.79% below its 20-day simple moving average and +27.95% percent above its 100-day simple moving average. However, the stock is currently trading approximately -34.04% below its SMA50 and +51.89% above its SMA200.
Stochastic coefficient K was 1.33% and Stochastic coefficient D was 5.43%, while ATR was 0.39. Given the Stochastic reading of 0.47% for the 14-day period, the RSI (14) reading has been calculated as 26.93%. As of today, the MACD Oscillator reading stands at -0.44, while the 14-day reading stands at -0.74.
Analyst Ratings
Morgan Stanley launched its rating on Navitas Semiconductor Corporation (NASDAQ: NVTS) to an Equal-weight in a note to investors on August 29, 2023. 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 7 recommending it as overweight.
With a median target price of $12.00, the current consensus forecast for the stock is $9.20 – $14.00. Based on these forecasts, analysts predict Navitas Semiconductor Corporation (NVTS) will achieve an average price target of $11.65.
