In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Navitas Semiconductor Corp (NASDAQ: NVTS) closed the day trading at $3.97 down -3.17% from the previous closing price of $4.10. In other words, the price has decreased by -$3.17 from its previous closing price. On the day, 3.77 million shares were traded. NVTS stock price reached its highest trading level at $4.12 during the session, while it also had its lowest trading level at $3.875.
Ratios:
For a better understanding of NVTS, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.76 and its Current Ratio is at 4.55. 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 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 726756160 and an Enterprise Value of 592204608. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.14 while its Price-to-Book (P/B) ratio in mrq is 1.87. Its current Enterprise Value per Revenue stands at 6.634 whereas that against EBITDA is -6.279.
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 $3.54. The 50-Day Moving Average of the stock is -13.08%, while the 200-Day Moving Average is calculated to be -38.75%.
Shares Statistics:
Over the past 3-months, NVTS traded about 3.28M shares per day on average, while over the past 10 days, NVTS traded about 2604810 shares per day. A total of 179.20M shares are outstanding, with a floating share count of 120.47M. Insiders hold about 34.19% of the company’s shares, while institutions hold 41.30% stake in the company. Shares short for NVTS as of 1714435200 were 23500501 with a Short Ratio of 7.16, compared to 1711584000 on 21785328. Therefore, it implies a Short% of Shares Outstanding of 23500501 and a Short% of Float of 18.81.
