Navitas Semiconductor Corporation (NASDAQ: NVTS)’s stock price has decreased by -6.93 compared to its previous closing price of 6.49. Despite this, the company has seen a fall of -10.52% in its stock price over the last five trading days.
Is It Worth Investing in Navitas Semiconductor Corporation (NASDAQ: NVTS) Right Now?
Navitas Semiconductor Corporation (NASDAQ: NVTS) has a price-to-earnings ratio of 10.25x that is above its average ratio. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for NVTS is $8.81, which is $2.77 above the current price. The public float for NVTS is 96.50M and currently, short sellers hold a 9.31% ratio of that float. The average trading volume of NVTS on March 16, 2023 was 1.40M shares.
NVTS’s Market Performance
NVTS’s stock has seen a -10.52% decrease for the week, with a 13.53% rise in the past month and a 46.25% gain in the past quarter. The volatility ratio for the week is 8.40%, and the volatility levels for the past 30 days are at 9.16% for Navitas Semiconductor Corporation The simple moving average for the last 20 days is -0.70% for NVTS stock, with a simple moving average of 20.12% for the last 200 days.
Analysts’ Opinion of NVTS
Many brokerage firms have already submitted their reports for NVTS stocks, with Rosenblatt repeating the rating for NVTS by listing it as a “Buy.” The predicted price for NVTS in the upcoming period, according to Rosenblatt is $15 based on the research report published on February 24th of the previous year 2022.
Needham, on the other hand, stated in their research note that they expect to see NVTS reach a price target of $16. The rating they have provided for NVTS stocks is “Buy” according to the report published on February 17th, 2022.
BofA Securities gave a rating of “Neutral” to NVTS, setting the target price at $20 in the report published on December 14th of the previous year.
NVTS Trading at 14.48% from the 50-Day Moving Average
After a stumble in the market that brought NVTS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.14% of loss for the given period.
Volatility was left at 9.16%, however, over the last 30 days, the volatility rate increased by 8.40%, as shares surge +6.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +72.08% upper at present.
During the last 5 trading sessions, NVTS fell by -10.52%, which changed the moving average for the period of 200-days by -19.36% in comparison to the 20-day moving average, which settled at $6.10. In addition, Navitas Semiconductor Corporation saw 72.08% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NVTS starting from Moxam David, who sale 81,566 shares at the price of $6.17 back on Feb 27. After this action, Moxam David now owns 832,662 shares of Navitas Semiconductor Corporation, valued at $503,262 using the latest closing price.
Sheridan Eugene, the President & CEO of Navitas Semiconductor Corporation, sale 263,109 shares at $4.09 during a trade that took place back on Nov 21, which means that Sheridan Eugene is holding 2,214,083 shares at $1,076,116 based on the most recent closing price.
Stock Fundamentals for NVTS
Current profitability levels for the company are sitting at:
- -303.31 for the present operating margin
- +31.49 for the gross margin
The net margin for Navitas Semiconductor Corporation stands at +197.62. Equity return is now at value -5.90, with -4.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 7.61.
Conclusion
In conclusion, Navitas Semiconductor Corporation (NVTS) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
