Navitas Semiconductor Corp (NASDAQ: NVTS) is -64.68% lower on its value in year-to-date trading and has touched a low of $2.14 and a high of $8.44 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 $2.78 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $2.85, the stock is 12.63% and 11.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.16 million and changing 2.52% at the moment leaves the stock -30.52% off its SMA200. NVTS registered -44.66% loss for a year compared to 6-month loss of -34.18%. The firm has a 50-day simple moving average (SMA 50) of $2.5607 and a 200-day simple moving average (SMA200) of $4.102175.
The stock witnessed a 16.33% gain in the last 1 month and extending the period to 3 months gives it a -23.18%, and is 9.62% up 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 7.59% over the week and 6.25% over the month.
Navitas Semiconductor Corp (NVTS) has around 314 employees, a market worth around $522.86M and $91.68M in sales. Profit margin for the company is -55.70%. Distance from 52-week low is 33.18% and -66.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.90%).
The EPS is expected to shrink by -21.39% this year.
Navitas Semiconductor Corp (NVTS) Top Institutional Holders
202.0 institutions hold shares in Navitas Semiconductor Corp (NVTS), with institutional investors hold 62.29% of the company’s shares. The shares outstanding are 179.20M, and float is at 112.48M with Short Float at 27.65%. Institutions hold 45.94% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 9.9 million shares valued at $38.9 million. The investor’s holdings represent 5.5059% of the NVTS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.69 million shares valued at $38.07 million to account for 5.3884 of the shares outstanding. The other top investors are CAPRICORN INVESTMENT GROUP LLC which holds 9.18 million shares representing 5.1071% and valued at over $37.25 million, while MILLENNIUM MANAGEMENT LLC holds 3.3165 of the shares totaling 5.96 million with a market value of $23.43 million.
Navitas Semiconductor Corp (NVTS) Insider Activity
The most recent transaction is an insider sale by Sheridan Eugene, the company’s President & CEO. SEC filings show that Sheridan Eugene sold 453,190 shares of the company’s common stock on Aug 28 ’24 at a price of $3.03 per share for a total of $1.37 million. Following the sale, the insider now owns 2.61 million shares.
Navitas Semiconductor Corp disclosed in a document filed with the SEC on Aug 29 ’24 that Sheridan Eugene (President & CEO) sold a total of 265,148 shares of the company’s common stock. The trade occurred on Aug 29 ’24 and was made at $3.04 per share for $0.81 million. Following the transaction, the insider now directly holds 2.34 million shares of the NVTS stock.
Still, SEC filings show that on Aug 30 ’24, Sheridan Eugene (President & CEO) disposed off 193,662 shares at an average price of $3.03 for $0.59 million. The insider now directly holds 2,149,631 shares of Navitas Semiconductor Corp (NVTS).
