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As of close of business last night, Navitas Semiconductor Corp’s stock clocked out at $3.88, up 1.31% from its previous closing price of $3.83. In other words, the price has increased by $1.31 from its previous closing price. On the day, 2.31 million shares were traded. NVTS stock price reached its highest trading level at $3.98 during the session, while it also had its lowest trading level at $3.8.
Ratios:
To gain a deeper understanding of NVTS’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 10 ’24 when Saluja Dipender sold 87,059 shares for $4.45 per share. The transaction valued at 387,473 led to the insider holds 5,944,420 shares of the business.
Saluja Dipender sold 87,060 shares of NVTS for $391,039 on Jun 07 ’24. The Director now owns 6,031,479 shares after completing the transaction at $4.49 per share. On Jun 06 ’24, another insider, Saluja Dipender, who serves as the Director of the company, sold 87,060 shares for $4.56 each. As a result, the insider received 397,072 and left with 6,118,539 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 710431872 and an Enterprise Value of 588913216. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.96 while its Price-to-Book (P/B) ratio in mrq is 1.78. Its current Enterprise Value per Revenue stands at 6.597 whereas that against EBITDA is -6.346.
Stock Price History:
Over the past 52 weeks, NVTS has reached a high of $10.90, while it has fallen to a 52-week low of $3.48. The 50-Day Moving Average of the stock is -6.67%, while the 200-Day Moving Average is calculated to be -28.66%.
Shares Statistics:
It appears that NVTS traded 2.44M shares on average per day over the past three months and 2368140 shares per day over the past ten days. A total of 179.20M shares are outstanding, with a floating share count of 113.01M. Insiders hold about 38.28% of the company’s shares, while institutions hold 41.95% stake in the company. Shares short for NVTS as of 1721001600 were 24771617 with a Short Ratio of 10.17, compared to 1718323200 on 21846906. Therefore, it implies a Short% of Shares Outstanding of 24771617 and a Short% of Float of 19.82.
