For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Navitas Semiconductor Corp (NASDAQ: NVTS) was $4.69 for the day, down -2.29% from the previous closing price of $4.80. In other words, the price has decreased by -$2.29 from its previous closing price. On the day, 1.55 million shares were traded. NVTS stock price reached its highest trading level at $4.82 during the session, while it also had its lowest trading level at $4.63.
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 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:
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 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 858560768 and an Enterprise Value of 696403392. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.80 while its Price-to-Book (P/B) ratio in mrq is 2.21. Its current Enterprise Value per Revenue stands at 8.765 whereas that against EBITDA is -7.168.
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 0.37%, while the 200-Day Moving Average is calculated to be -28.78%.
Shares Statistics:
NVTS traded an average of 3.26M shares per day over the past three months and 2201440 shares per day over the past ten days. 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 40.68% stake in the company. Shares short for NVTS as of 1713139200 were 23026696 with a Short Ratio of 7.05, compared to 1710460800 on 19267279. Therefore, it implies a Short% of Shares Outstanding of 23026696 and a Short% of Float of 18.43.
