Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Navitas Semiconductor Corp (NASDAQ: NVTS) closed the day trading at $3.64 down -5.70% from the previous closing price of $3.86. In other words, the price has decreased by -$5.70 from its previous closing price. On the day, 3.1 million shares were traded. NVTS stock price reached its highest trading level at $3.86 during the session, while it also had its lowest trading level at $3.63.
Ratios:
For a better understanding of NVTS, let’s look at its different 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:
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 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 652480896 and an Enterprise Value of 508187584. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.21 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 6.396 whereas that against EBITDA is -5.231.
Stock Price History:
The Beta on a monthly basis for NVTS is 2.58, which has changed by -0.43478262 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, NVTS has reached a high of $11.16, while it has fallen to a 52-week low of $3.80. The 50-Day Moving Average of the stock is -29.60%, while the 200-Day Moving Average is calculated to be -47.61%.
Shares Statistics:
Over the past 3-months, NVTS traded about 3.11M shares per day on average, while over the past 10 days, NVTS traded about 2509340 shares per day. A total of 179.20M shares are outstanding, with a floating share count of 117.97M. Insiders hold about 34.19% of the company’s shares, while institutions hold 41.59% stake in the company. Shares short for NVTS as of 1711584000 were 21785328 with a Short Ratio of 7.00, compared to 1709164800 on 15526790. Therefore, it implies a Short% of Shares Outstanding of 21785328 and a Short% of Float of 17.950001.
Earnings Estimates
At present, 8 analysts are actively evaluating the performance of Navitas Semiconductor Corp (NVTS) in the stock market.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
7 analysts predict $22.93M in revenue for the current 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.
