Navitas Semiconductor Corp (NASDAQ: NVTS) has seen a decline in its stock price by -1.33 in relation to its previous close of 2.58. However, the company has experienced a -8.43% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-01 that Navitas is down -74% from its IPO price in late 2021, despite GaN chip technology that is gaining traction in a variety of digital-to-power applications. Smart phone, AI datacenter, EV auto, and solar power technologies do perform better with Navitas semiconductors inside. Trading at low price to sales and book value ratios, the stock is now quite undervalued if rapid growth returns in 2025.
Is It Worth Investing in Navitas Semiconductor Corp (NASDAQ: NVTS) Right Now?
Additionally, the 36-month beta value for NVTS is 2.35. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NVTS is 112.48M and currently, short sellers hold a 27.65% ratio of that float. The average trading volume of NVTS on November 04, 2024 was 2.49M shares.
NVTS’s Market Performance
The stock of Navitas Semiconductor Corp (NVTS) has seen a -8.43% decrease in the past week, with a 4.33% rise in the past month, and a -20.70% fall in the past quarter. The volatility ratio for the week is 8.23%, and the volatility levels for the past 30 days are at 6.15% for NVTS. The simple moving average for the last 20 days is -0.46% for NVTS stock, with a simple moving average of -36.82% 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 0.96% 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 -69.84% of loss for the given period.
Volatility was left at 6.15%, however, over the last 30 days, the volatility rate increased by 8.23%, as shares surge +4.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.42% lower at present.
During the last 5 trading sessions, NVTS fell by -9.32%, which changed the moving average for the period of 200-days by -59.86% in comparison to the 20-day moving average, which settled at $2.56. In addition, Navitas Semiconductor Corp saw -68.46% 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 453,190 shares at the price of $3.03 back on Aug 28 ’24. After this action, Sheridan Eugene now owns 2,608,441 shares of Navitas Semiconductor Corp, valued at $1,372,350 using the latest closing price.
Sheridan Eugene, the President & CEO of Navitas Semiconductor Corp, sale 265,148 shares at $3.04 during a trade that took place back on Aug 29 ’24, which means that Sheridan Eugene is holding 2,343,293 shares at $805,944 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 4.11. 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
In conclusion, Navitas Semiconductor Corp (NVTS) has seen bad 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.
