The price of Navitas Semiconductor Corp (NASDAQ: NVTS) closed at $5.70 in the last session, down -3.06% from day before closing price of $5.88. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 1854611 shares were traded.
Ratios:
We take a closer look at NVTS’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 15.48 while its Price-to-Book (P/B) ratio in mrq is 2.52. 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:
According to the various share statistics, NVTS traded on average about 1.95M shares per day over the past 3-months and 2.02M shares per day over the past 10 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 6.91, 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
The company has 10 analysts who recommend its stock at the moment. 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
According to 9 analysts, the current quarter’s revenue is expected to be $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.
