Moreover, the 36-month beta value for NVTS is 2.31. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for NVTS is 114.53M and currently, short sellers hold a 24.31% of that float. On November 29, 2024, NVTS’s average trading volume was 2.97M shares.
NVTS) stock’s latest price update
The stock price of Navitas Semiconductor Corp (NASDAQ: NVTS) has surged by 14.84 when compared to previous closing price of 2.46, but the company has seen a 39.85% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-26 that TORRANCE, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) — Navitas Semiconductor, the only pure-play, next-generation power semiconductor company and industry leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, has announced participation in the upcoming investor conferences listed below.
NVTS’s Market Performance
Navitas Semiconductor Corp (NVTS) has seen a 39.85% rise in stock performance for the week, with a 5.81% gain in the past month and a -6.46% plunge in the past quarter. The volatility ratio for the week is 13.65%, and the volatility levels for the past 30 days are at 9.05% for NVTS. The simple moving average for the last 20 days is 28.10% for NVTS stock, with a simple moving average of -22.96% 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 19.22% 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 -66.53% of loss for the given period.
Volatility was left at 9.05%, however, over the last 30 days, the volatility rate increased by 13.65%, as shares surge +16.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.96% upper at present.
During the last 5 trading sessions, NVTS rose by +42.53%, which changed the moving average for the period of 200-days by -57.60% in comparison to the 20-day moving average, which settled at $2.21. In addition, Navitas Semiconductor Corp saw -64.99% 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 Wunderlich Gary Kent JR, who sale 15,000 shares at the price of $2.39 back on Nov 22 ’24. After this action, Wunderlich Gary Kent JR now owns 42,366 shares of Navitas Semiconductor Corp, valued at $35,810 using the latest closing price.
HENDRIX RICHARD J, the Director of Navitas Semiconductor Corp, sale 15,000 shares at $2.39 during a trade that took place back on Nov 22 ’24, which means that HENDRIX RICHARD J is holding 42,366 shares at $35,810 based on the most recent closing price.
Stock Fundamentals for NVTS
Current profitability levels for the company are sitting at:
- -1.3 for the present operating margin
- 0.35 for the gross margin
The net margin for Navitas Semiconductor Corp stands at -0.85. The total capital return value is set at -0.3. Equity return is now at value -19.72, with -16.93 for asset returns.
Based on Navitas Semiconductor Corp (NVTS), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -38.16. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -1057.84.
Currently, EBITDA for the company is -97.15 million with net debt to EBITDA at 0.94. When we switch over and look at the enterprise to sales, we see a ratio of 4.69. The receivables turnover for the company is 4.33for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.59.
Conclusion
To wrap up, the performance of Navitas Semiconductor Corp (NVTS) has been mixed in recent times. The stock has received a bullish 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.
