After finishing at $4.60 in the prior trading day, Navitas Semiconductor Corp (NASDAQ: NVTS) closed at $4.69, up 1.96%. In other words, the price has increased by $+0.0900 from its previous closing price. On the day, 3272191 shares were traded. NVTS stock price reached its highest trading level at $4.7200 during the session, while it also had its lowest trading level at $4.4800.
Ratios:
Our goal is to gain a better understanding of NVTS by taking a closer look at its different ratios. 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:
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 844.28M and an Enterprise Value of 699.99M. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.58 while its Price-to-Book (P/B) ratio in mrq is 2.21. Its current Enterprise Value per Revenue stands at 8.81 whereas that against EBITDA is -7.21.
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 $4.56. The 50-Day Moving Average of the stock is 5.9992, while the 200-Day Moving Average is calculated to be 7.4926.
Shares Statistics:
The stock has traded on average 2.76M shares per day over the past 3-months and 4.76M shares per day over the last 10 days, according to various share statistics. A total of 179.20M shares are outstanding, with a floating share count of 117.84M. Insiders hold about 34.26% of the company’s shares, while institutions hold 41.60% stake in the company. Shares short for NVTS as of Feb 29, 2024 were 15.53M with a Short Ratio of 5.62, compared to 13.47M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.66% and a Short% of Float of 12.79%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.06, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.04 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.14 and -$0.21 for the fiscal current year, implying an average EPS of -$0.18. EPS for the following year is -$0.06, with 7 analysts recommending between $0.01 and -$0.12.
Revenue Estimates
7 analysts predict $22.93M in revenue for the current quarter. It ranges from a high estimate of $23M to a low estimate of $22.5M. As of the current estimate, Navitas Semiconductor Corp’s year-ago sales were $13.36M, an estimated increase of 71.70% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $23.81M, an increase of 31.80% less than the figure of $71.70% in the same quarter last year. There is a high estimate of $24.38M for the next quarter, whereas the lowest estimate is $23M.
A total of 8 analysts have provided revenue estimates for NVTS’s current fiscal year. The highest revenue estimate was $115M, while the lowest revenue estimate was $111.31M, resulting in an average revenue estimate of $113.18M. In the same quarter a year ago, actual revenue was $79.46M, up 42.40% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $202.02M in the next fiscal year. The high estimate is $300M and the low estimate is $152.73M. The average revenue growth estimate for next year is up 78.50% from the average revenue estimate for this year.
