Navitas Semiconductor Corp (NASDAQ: NVTS) has seen a decline in its stock price by -2.29 in relation to its previous close of 4.80. However, the company has experienced a 8.31% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-28 that Finding a needle in a haystack is how one might describe locating profitable investment prospects. But despite the uncertainties, three exceptional equities have drawn the interest of wise investors because they provide viable avenues for accumulating wealth.
Is It Worth Investing in Navitas Semiconductor Corp (NASDAQ: NVTS) Right Now?
Moreover, the 36-month beta value for NVTS is 2.52. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NVTS is 120.47M and currently, short sellers hold a 19.11% of that float. On May 08, 2024, NVTS’s average trading volume was 3.26M shares.
NVTS’s Market Performance
NVTS’s stock has seen a 8.31% increase for the week, with a 2.40% rise in the past month and a -17.86% fall in the past quarter. The volatility ratio for the week is 5.30%, and the volatility levels for the past 30 days are at 6.18% for Navitas Semiconductor Corp The simple moving average for the last 20 days is 11.15% for NVTS stock, with a simple moving average of -28.78% for the last 200 days.
Analysts’ Opinion of NVTS
Morgan Stanley, on the other hand, stated in their research note that they expect to see NVTS reach a price target of $9.20. The rating they have provided for NVTS stocks is “Equal-Weight” according to the report published on August 29th, 2023.
Rosenblatt gave a rating of “Buy” to NVTS, setting the target price at $15 in the report published on February 24th of the previous year.
NVTS Trading at 0.37% 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 -57.99% of loss for the given period.
Volatility was left at 6.18%, however, over the last 30 days, the volatility rate increased by 5.30%, as shares sank -0.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.43% lower at present.
During the last 5 trading sessions, NVTS rose by +8.31%, which changed the moving average for the period of 200-days by -51.09% in comparison to the 20-day moving average, which settled at $4.22. In addition, Navitas Semiconductor Corp saw -41.88% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NVTS starting from Sheridan Eugene, who sale 38,431 shares at the price of $4.80 back on Mar 14 ’24. After this action, Sheridan Eugene now owns 3,061,631 shares of Navitas Semiconductor Corp, valued at $184,507 using the latest closing price.
Kinzer Daniel M., the COO and CTO of Navitas Semiconductor Corp, sale 24,073 shares at $4.80 during a trade that took place back on Mar 14 ’24, which means that Kinzer Daniel M. is holding 4,538,353 shares at $115,574 based on the most recent closing price.
Stock Fundamentals for NVTS
Current profitability levels for the company are sitting at:
- -1.49 for the present operating margin
- 0.39 for the gross margin
The net margin for Navitas Semiconductor Corp stands at -1.84. The total capital return value is set at -0.27. Equity return is now at value -38.18, with -31.93 for asset returns.
Based on Navitas Semiconductor Corp (NVTS), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -4.69. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -130.82.
Currently, EBITDA for the company is -63.36 million with net debt to EBITDA at 2.24. When we switch over and look at the enterprise to sales, we see a ratio of 8.99. The receivables turnover for the company is 3.07for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.14.
Conclusion
To wrap up, the performance of Navitas Semiconductor Corp (NVTS) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
