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Positives for Navitas Semiconductor Corp (NVTS) as stock gains in recent trading

Navitas Semiconductor Corp (NASDAQ: NVTS) is -50.43% lower on its value in year-to-date trading and has touched a low of $3.54 and a high of $11.16 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NVTS stock was last observed hovering at around $3.97 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $4.00, the stock is -5.36% and -11.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.54 million and changing 0.76% at the moment leaves the stock -38.01% off its SMA200. NVTS registered -36.00% loss for a year compared to 6-month loss of -36.10%.

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The stock witnessed a -4.53% gain in the last 1 month and extending the period to 3 months gives it a -37.11%, and is -14.71% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.88% over the week and 6.30% over the month.

Navitas Semiconductor Corp (NVTS) has around 314 employees, a market worth around $732.24M and $89.27M in sales. Profit margin for the company is -97.75%. Distance from 52-week low is 13.15% and -64.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.59%).

with sales reaching $20.56M over the same period.The EPS is expected to shrink by -11.67% this year, but quarterly earnings will post 21.70% year-over-year. Quarterly sales are estimated to grow 13.80% in year-over-year returns.

Navitas Semiconductor Corp (NVTS) Top Institutional Holders

The shares outstanding are 179.20M, and float is at 120.47M with Short Float at 19.51%.

Navitas Semiconductor Corp (NVTS) Insider Activity

The most recent transaction is an insider sale by Sheridan Eugene,the company’sPresident & CEO. SEC filings show that Sheridan Eugene sold 38,431 shares of the company’s common stock on Mar 14 ’24 at a price of $4.80 per share for a total of $0.18 million. Following the sale, the insider now owns 3.06 million shares.

Navitas Semiconductor Corp disclosed in a document filed with the SEC on Mar 14 ’24 that Kinzer Daniel M. (COO and CTO) sold a total of 24,073 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $4.80 per share for $0.12 million. Following the transaction, the insider now directly holds 4.54 million shares of the NVTS stock.

Still, SEC filings show that on Mar 14 ’24, Singh Ranbir (EVP, GeneSiC Business) disposed off 10,925 shares at an average price of $4.80 for $52451.0. The insider now directly holds 29,357 shares of Navitas Semiconductor Corp (NVTS).

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