The stock price of Navitas Semiconductor Corp (NASDAQ: NVTS) has surged by 1.56 when compared to previous closing price of 3.12, but the company has seen a 5.28% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-25 that With its stock down 61% YTD, I believe Navitas is a bargain in light of its rich customer pipeline which it will start tapping into next year. Navitas’ revenues appear to have bottomed out considering the seasonality of its business and design wins. Navitas’ advanced technology, especially its data center offering, could help it return to its meteoric growth in the coming years.
Is It Worth Investing in Navitas Semiconductor Corp (NASDAQ: NVTS) Right Now?
NVTS has 36-month beta value of 2.40. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for NVTS is 113.26M, and currently, short sellers hold a 23.58% ratio of that float. The average trading volume of NVTS on August 27, 2024 was 2.47M shares.
NVTS’s Market Performance
NVTS’s stock has seen a 5.28% increase for the week, with a -18.33% drop in the past month and a -12.71% fall in the past quarter. The volatility ratio for the week is 5.19%, and the volatility levels for the past 30 days are at 7.06% for Navitas Semiconductor Corp The simple moving average for the last 20 days is 0.37% for NVTS stock, with a simple moving average of -38.76% for the last 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 -16.15% 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 -64.59% of loss for the given period.
Volatility was left at 7.06%, however, over the last 30 days, the volatility rate increased by 5.19%, as shares sank -11.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.79% lower at present.
During the last 5 trading sessions, NVTS rose by +5.32%, which changed the moving average for the period of 200-days by -45.63% in comparison to the 20-day moving average, which settled at $3.14. In addition, Navitas Semiconductor Corp saw -60.73% 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 Moxam David, who sale 33,000 shares at the price of $3.13 back on Aug 15 ’24. After this action, Moxam David now owns 867,848 shares of Navitas Semiconductor Corp, valued at $103,260 using the latest closing price.
David Moxam, the Director of Navitas Semiconductor Corp, proposed sale 33,000 shares at $2.93 during a trade that took place back on Aug 15 ’24, which means that David Moxam is holding shares at $96,690 based on the most recent closing price.
Stock Fundamentals for NVTS
Current profitability levels for the company are sitting at:
- -1.29 for the present operating margin
- 0.34 for the gross margin
The net margin for Navitas Semiconductor Corp stands at -0.56. The total capital return value is set at -0.29. Equity return is now at value -13.24, with -10.89 for asset returns.
Based on Navitas Semiconductor Corp (NVTS), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -16.73. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 121.18.
Currently, EBITDA for the company is -63.36 million with net debt to EBITDA at 0.83. When we switch over and look at the enterprise to sales, we see a ratio of 5.18. The receivables turnover for the company is 4.04for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.68.
Conclusion
To put it simply, Navitas Semiconductor Corp (NVTS) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
