In the latest session, Navitas Semiconductor Corp (NASDAQ: NVTS) closed at $4.86 up 1.89% from its previous closing price of $4.77. In other words, the price has increased by $+0.0900 from its previous closing price. On the day, 3027661 shares were traded. NVTS stock price reached its highest trading level at $4.8800 during the session, while it also had its lowest trading level at $4.6200.
Ratios:
For a deeper understanding of Navitas Semiconductor Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.68 and its Current Ratio is at 4.14. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.
On August 29, 2023, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $9.20.
On February 24, 2022, Rosenblatt started tracking the stock assigning a Buy rating and target price of $15.Rosenblatt initiated its Buy rating on February 24, 2022, with a $15 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 14 ’24 when Sheridan Eugene sold 38,431 shares for $4.80 per share. The transaction valued at 184,507 led to the insider holds 3,061,631 shares of the business.
Kinzer Daniel M. sold 24,073 shares of NVTS for $115,574 on Mar 14 ’24. The COO and CTO now owns 4,538,353 shares after completing the transaction at $4.80 per share. On Mar 14 ’24, another insider, Singh Ranbir, who serves as the EVP, GeneSiC Business of the company, sold 10,925 shares for $4.80 each. As a result, the insider received 52,451 and left with 29,357 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NVTS now has a Market Capitalization of 871.17M and an Enterprise Value of 726.88M. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.96 while its Price-to-Book (P/B) ratio in mrq is 2.29. Its current Enterprise Value per Revenue stands at 9.15 whereas that against EBITDA is -7.48.
Stock Price History:
Over the past 52 weeks, NVTS has reached a high of $11.16, while it has fallen to a 52-week low of $4.16. The 50-Day Moving Average of the stock is 5.6446, while the 200-Day Moving Average is calculated to be 7.3075.
Shares Statistics:
For the past three months, NVTS has traded an average of 3.04M shares per day and 4.1M over the past ten days. A total of 179.20M shares are outstanding, with a floating share count of 117.70M. Insiders hold about 34.34% of the company’s shares, while institutions hold 41.60% stake in the company. Shares short for NVTS as of Mar 15, 2024 were 19.27M with a Short Ratio of 6.33, compared to 15.08M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.75% and a Short% of Float of 15.87%.
Earnings Estimates
There are 8 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.06, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.04 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.14 and -$0.21 for the fiscal current year, implying an average EPS of -$0.18. EPS for the following year is -$0.06, with 7 analysts recommending between $0.01 and -$0.12.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $22.93M this quarter.It ranges from a high estimate of $23M to a low estimate of $22.5M. As of the current estimate, Navitas Semiconductor Corp’s year-ago sales were $13.36M, an estimated increase of 71.70% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $23.81M, an increase of 31.80% less than the figure of $71.70% in the same quarter last year. There is a high estimate of $24.38M for the next quarter, whereas the lowest estimate is $23M.
A total of 8 analysts have provided revenue estimates for NVTS’s current fiscal year. The highest revenue estimate was $115M, while the lowest revenue estimate was $111.31M, resulting in an average revenue estimate of $113.18M. In the same quarter a year ago, actual revenue was $79.46M, up 42.40% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $202.02M in the next fiscal year. The high estimate is $300M and the low estimate is $152.73M. The average revenue growth estimate for next year is up 78.50% from the average revenue estimate for this year.
