Jefferies has recently reduced Navitas Semiconductor Corp (NVTS) stock to Hold rating, as announced on May 13, 2024, according to Finviz. Earlier, on January 16, 2024, Northland Capital had initiated the stock to Market Perform. Morgan Stanley also initiated research coverage with a price target of $9.20. Additionally, Rosenblatt initiated Buy rating on February 24, 2022, with a target price of $15. Needham analysts, in their report published on February 17, 2022, also initiated Buy rating and set a price target of $16 for Navitas Semiconductor Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Navitas Semiconductor Corp (NVTS) Stock Trading Recap
On Wednesday, Navitas Semiconductor Corp (NVTS) stock saw a decline, ending the day at $1.83 which represents a decrease of $-0.03 or -1.61% from the prior close of $1.86. The stock opened at $1.85 and touched a low of $1.79 during the day, reaching a high of $1.87. The volume of shares traded was 1.50 million falling short of the average volume of 2.69 million.
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NVTS Stock Performance and Moving Averages
In recent trading, Navitas Semiconductor Corp (NVTS) stock price has shown some volatility, fluctuating 2.23% over the last five trades and -29.62% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -51.72%, and it has plunged by -39.20% in the previous three months. Currently, NVTS is trading at -18.43%, -22.35%, and -51.65% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, NVTS, a Technology sector stock, is trading -78.32% below its 52-week high but remains 4.57% above its 52-week low. The Average True Range (ATR) (14 days) of 0.16 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Navitas Semiconductor Corp’s Profitability and Valuation Ratios
Navitas Semiconductor Corp’s profitability metrics reveal financial health. The company currently boasts an operating margin of -129.65% and a profit margin of -84.61%, with a gross margin of -51.72%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Navitas Semiconductor Corp’s market capitalization stands at $341.84 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 3.74, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.9, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 38.69% of Navitas Semiconductor Corp (NVTS)’s shares, while financial institutions hold 37.13%.
Notable insider trades include Sheridan Eugene, President & CEO at Navitas Semiconductor Corp (NVTS), who sold 453190 shares on Aug 28 ’24, at $3.03 each, totaling $1.37 million. On Aug 29 ’24, Sheridan Eugene, President & CEO, sold 265148 shares for $3.04 each, amounting to $0.81 million. Additionally, on Aug 30 ’24, Sheridan Eugene sold 193662 shares at $3.03 each, generating $0.59 million.
