Navitas Semiconductor Corp (NVTS) Stock Price and Analyst Predictions

The stock has a 36-month beta value of 2.43. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for NVTS is 123.02M, and at present, short sellers hold a 18.34% of that float. On June 11, 2024, the average trading volume of NVTS was 2.88M shares.

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NVTS) stock’s latest price update

The stock of Navitas Semiconductor Corp (NASDAQ: NVTS) has increased by 2.25 when compared to last closing price of 4.45. Despite this, the company has experienced a 10.71% gain in its stock price over the last five trading sessions. investorplace.com reported 2024-06-10 that One of the best ways to be successful in the stock market is by identifying under-the-radar stocks before they blow up. All of today’s biggest and most valuable companies were once entirely unknown.

NVTS’s Market Performance

NVTS’s stock has risen by 10.71% in the past week, with a monthly drop of -2.99% and a quarterly drop of -11.48%. The volatility ratio for the week is 6.81% while the volatility levels for the last 30 days are 6.06% for Navitas Semiconductor Corp The simple moving average for the past 20 days is 14.57% for NVTS’s stock, with a -24.04% simple moving average for the past 200 days.

Analysts’ Opinion of NVTS

Many brokerage firms have already submitted their reports for NVTS stocks, with Jefferies repeating the rating for NVTS by listing it as a “Hold.” The predicted price for NVTS in the upcoming period, according to Jefferies is $4 based on the research report published on May 13, 2024 of the current year 2024.

Morgan Stanley gave a rating of “Equal-Weight” to NVTS, setting the target price at $9.20 in the report published on August 29th of the previous year.

NVTS Trading at 8.15% 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 -59.25% of loss for the given period.

Volatility was left at 6.06%, however, over the last 30 days, the volatility rate increased by 6.81%, as shares surge +10.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.61% lower at present.

During the last 5 trading sessions, NVTS rose by +10.71%, which changed the moving average for the period of 200-days by -47.15% in comparison to the 20-day moving average, which settled at $3.99. In addition, Navitas Semiconductor Corp saw -43.62% 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 Saluja Dipender, who sale 87,059 shares at the price of $4.45 back on Jun 10 ’24. After this action, Saluja Dipender now owns 5,944,420 shares of Navitas Semiconductor Corp, valued at $387,473 using the latest closing price.

Saluja Dipender, the Director of Navitas Semiconductor Corp, sale 87,060 shares at $4.49 during a trade that took place back on Jun 07 ’24, which means that Saluja Dipender is holding 6,031,479 shares at $391,039 based on the most recent closing price.

Stock Fundamentals for NVTS

Current profitability levels for the company are sitting at:

  • -1.28 for the present operating margin
  • 0.39 for the gross margin

The net margin for Navitas Semiconductor Corp stands at -0.98. The total capital return value is set at -0.27. Equity return is now at value -23.51, with -19.75 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 -6.36. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 126.51.

Currently, EBITDA for the company is -63.36 million with net debt to EBITDA at 1.39. When we switch over and look at the enterprise to sales, we see a ratio of 7.97. The receivables turnover for the company is 4.02for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.55.

Conclusion

To sum up, Navitas Semiconductor Corp (NVTS) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.

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