Transphorm Inc (NASDAQ: TGAN)’s stock price has plunge by -0.63relation to previous closing price of 4.80. Nevertheless, the company has seen a -1.85% plunge in its stock price over the last five trading sessions. Business Wire reported 2024-01-16 that GOLETA, Calif.–(BUSINESS WIRE)–Transphorm, Inc. (Nasdaq: TGAN)— a global leader in robust gallium nitride (“GaN”) power semiconductors—today announced that President, Co-founder and CEO of Transphorm, Primit Parikh, Ph.D., and Chief Financial Officer, Cameron McAulay, will provide a business update and company presentation at the 26th Annual Needham Growth Conference on January 19th, 2024 at 3:45 p.m Eastern Time. 26th Annual Needham Growth Conference Location: Virtual Date: Friday, January 1.
Is It Worth Investing in Transphorm Inc (NASDAQ: TGAN) Right Now?
Additionally, the 36-month beta value for TGAN is 0.44. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for TGAN is 23.99M and currently, short sellers hold a 3.21% ratio of that float. The average trading volume of TGAN on April 19, 2024 was 249.11K shares.
TGAN’s Market Performance
TGAN’s stock has seen a -1.85% decrease for the week, with a -2.85% drop in the past month and a -1.24% fall in the past quarter. The volatility ratio for the week is 0.73%, and the volatility levels for the past 30 days are at 0.47% for Transphorm Inc The simple moving average for the past 20 days is -2.32% for TGAN’s stock, with a 35.74% simple moving average for the past 200 days.
TGAN Trading at -2.15% from the 50-Day Moving Average
After a stumble in the market that brought TGAN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.83% of loss for the given period.
Volatility was left at 0.47%, however, over the last 30 days, the volatility rate increased by 0.73%, as shares sank -2.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.44% lower at present.
During the last 5 trading sessions, TGAN fell by -1.44%, which changed the moving average for the period of 200-days by +43.84% in comparison to the 20-day moving average, which settled at $4.88. In addition, Transphorm Inc saw 30.68% 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 TGAN starting from Smales Kelly, who sale 766 shares at the price of $4.90 back on Apr 04 ’24. After this action, Smales Kelly now owns 72,792 shares of Transphorm Inc, valued at $3,753 using the latest closing price.
Parikh Primit, the PRESIDENT AND CEO of Transphorm Inc, sale 6,000 shares at $4.80 during a trade that took place back on Feb 29 ’24, which means that Parikh Primit is holding 489,310 shares at $28,806 based on the most recent closing price.
Stock Fundamentals for TGAN
Current profitability levels for the company are sitting at:
- -1.7 for the present operating margin
- 0.04 for the gross margin
The net margin for Transphorm Inc stands at -1.87. The total capital return value is set at -1.21. Equity return is now at value -143.72, with -81.48 for asset returns.
Based on Transphorm Inc (TGAN), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -10.62. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is -84.73.
Currently, EBITDA for the company is -28.33 million with net debt to EBITDA at 0.11. When we switch over and look at the enterprise to sales, we see a ratio of 16.06. The receivables turnover for the company is 4.06for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.69.
Conclusion
In conclusion, Transphorm Inc (TGAN) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
