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After finishing at $3.90 in the prior trading day, Navitas Semiconductor Corp (NASDAQ: NVTS) closed at $3.57, down -8.46%. In other words, the price has decreased by -$8.46 from its previous closing price. On the day, 6.22 million shares were traded. NVTS stock price reached its highest trading level at $3.94 during the session, while it also had its lowest trading level at $3.44.
Ratios:
Our goal is to gain a better understanding of NVTS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.77 and its Current Ratio is at 5.59. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on May 13, 2024, Downgraded its rating to Hold and sets its target price to $4 from $10 previously.
On August 29, 2023, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $9.20.Morgan Stanley initiated its Equal-Weight rating on August 29, 2023, with a $9.20 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 10 ’24 when Wunderlich Gary Kent JR sold 75,000 shares for $4.50 per share. The transaction valued at 337,500 led to the insider holds 395,224 shares of the business.
HENDRIX RICHARD J sold 20,000 shares of NVTS for $88,914 on Dec 10 ’24. The Director now owns 296,709 shares after completing the transaction at $4.45 per share. On Dec 10 ’24, another insider, RICHARD J. HENDRIX, who serves as the DIRECTOR of the company, bought 20,000 shares for $4.45 each.
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 666861696 and an Enterprise Value of 576110528. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.68 while its Price-to-Book (P/B) ratio in mrq is 1.75. Its current Enterprise Value per Revenue stands at 6.304 whereas that against EBITDA is -5.962.
Stock Price History:
Over the past 52 weeks, NVTS has reached a high of $7.92, while it has fallen to a 52-week low of $1.75. The 50-Day Moving Average of the stock is 24.43%, while the 200-Day Moving Average is calculated to be 3.20%.
Shares Statistics:
The stock has traded on average 5.18M shares per day over the past 3-months and 7995630 shares per day over the last 10 days, according to various share statistics. A total of 186.79M shares are outstanding, with a floating share count of 114.11M. Insiders hold about 38.91% of the company’s shares, while institutions hold 37.12% stake in the company. Shares short for NVTS as of 1734048000 were 25010898 with a Short Ratio of 4.83, compared to 1731628800 on 27838108. Therefore, it implies a Short% of Shares Outstanding of 25010898 and a Short% of Float of 19.43.
