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The closing price of Navitas Semiconductor Corp (NASDAQ: NVTS) was $2.30 for the day, down -6.12% from the previous closing price of $2.45. In other words, the price has decreased by -$6.12 from its previous closing price. On the day, 2.38 million shares were traded. NVTS stock price reached its highest trading level at $2.4638 during the session, while it also had its lowest trading level at $2.28.
Ratios:
Our analysis of NVTS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.82 and its Current Ratio is at 5.68. In the meantime, Its Debt-to-Equity ratio is 0.03 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 28 ’24 when Sheridan Eugene sold 453,190 shares for $3.03 per share. The transaction valued at 1,372,350 led to the insider holds 2,608,441 shares of the business.
Sheridan Eugene sold 265,148 shares of NVTS for $805,944 on Aug 29 ’24. The President & CEO now owns 2,343,293 shares after completing the transaction at $3.04 per share. On Aug 30 ’24, another insider, Sheridan Eugene, who serves as the President & CEO of the company, sold 193,662 shares for $3.03 each. As a result, the insider received 587,745 and left with 2,149,631 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 421953376 and an Enterprise Value of 318129664. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.60 while its Price-to-Book (P/B) ratio in mrq is 1.09. Its current Enterprise Value per Revenue stands at 3.47 whereas that against EBITDA is -3.299.
Stock Price History:
Over the past 52 weeks, NVTS has reached a high of $8.44, while it has fallen to a 52-week low of $2.14. The 50-Day Moving Average of the stock is -21.68%, while the 200-Day Moving Average is calculated to be -50.48%.
Shares Statistics:
NVTS traded an average of 2.60M shares per day over the past three months and 3011870 shares per day over the past ten days. A total of 179.20M shares are outstanding, with a floating share count of 113.18M. Insiders hold about 38.31% of the company’s shares, while institutions hold 41.54% stake in the company. Shares short for NVTS as of 1726185600 were 28918258 with a Short Ratio of 11.12, compared to 1723680000 on 26703365. Therefore, it implies a Short% of Shares Outstanding of 28918258 and a Short% of Float of 23.07.
