As of close of business last night, Navitas Semiconductor Corp’s stock clocked out at $5.68, down -0.35% from its previous closing price of $5.70. In other words, the price has decreased by -$0.02 from its previous closing price. On the day, 3922601 shares were traded. NVTS stock price reached its highest trading level at $5.94 during the session, while it also had its lowest trading level at $5.67.
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 4.38 and its Current Ratio is at 4.73. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
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:
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 Dec 15 when Saluja Dipender sold 43,529 shares for $8.21 per share. The transaction valued at 357,256 led to the insider holds 6,205,599 shares of the business.
SHELTON RON sold 10,000 shares of NVTS for $81,101 on Dec 15. The Sr VP, CFO and Treasurer now owns 306,668 shares after completing the transaction at $8.11 per share. On Dec 14, another insider, Saluja Dipender, who serves as the Director of the company, sold 43,530 shares for $8.21 each. As a result, the insider received 357,499 and left with 6,249,128 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 1.02B and an Enterprise Value of 850.06M. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.43 while its Price-to-Book (P/B) ratio in mrq is 2.51. Its current Enterprise Value per Revenue stands at 12.93 whereas that against EBITDA is -8.32.
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 $4.76. The 50-Day Moving Average of the stock is 6.84, while the 200-Day Moving Average is calculated to be 7.69.
Shares Statistics:
It appears that NVTS traded 1.95M shares on average per day over the past three months and 2.02M shares per day over the past ten days. A total of 153.63M shares are outstanding, with a floating share count of 117.74M. Insiders hold about 34.03% of the company’s shares, while institutions hold 41.79% stake in the company. Shares short for NVTS as of Jan 31, 2024 were 13.47M with a Short Ratio of 6.92, compared to 12.74M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 7.52% and a Short% of Float of 11.12%.
Earnings Estimates
As of right now, 10 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.07, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.03 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.19 and -$0.23 for the fiscal current year, implying an average EPS of -$0.21. EPS for the following year is -$0.13, with 10 analysts recommending between -$0.1 and -$0.18.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $25.4M. It ranges from a high estimate of $25.6M to a low estimate of $25M. As of the current estimate, Navitas Semiconductor Corp’s year-ago sales were $12.35M, an estimated increase of 105.70% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $24.59M, an increase of 84.10% less than the figure of $105.70% in the same quarter last year. There is a high estimate of $27.03M for the next quarter, whereas the lowest estimate is $21M.
A total of 10 analysts have provided revenue estimates for NVTS’s current fiscal year. The highest revenue estimate was $79.32M, while the lowest revenue estimate was $78.4M, resulting in an average revenue estimate of $78.86M. In the same quarter a year ago, actual revenue was $37.94M, up 107.80% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $130.77M in the next fiscal year. The high estimate is $144.5M and the low estimate is $120M. The average revenue growth estimate for next year is up 65.80% from the average revenue estimate for this year.
