Navitas Semiconductor Corp (NASDAQ: NVTS) is -76.70% lower on its value in year-to-date trading and has touched a low of $1.98 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 $2.04 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $1.88, the stock is -23.75% and -22.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.66 million and changing -7.84% at the moment leaves the stock -51.83% off its SMA200. NVTS registered -69.97% loss for a year compared to 6-month loss of -53.00%. The firm has a 50-day simple moving average (SMA 50) of $2.4387 and a 200-day simple moving average (SMA200) of $3.925325.
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The stock witnessed a -25.40% gain in the last 1 month and extending the period to 3 months gives it a -35.84%, and is -20.34% 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 8.21% over the week and 7.25% over the month.
Navitas Semiconductor Corp (NVTS) has around 314 employees, a market worth around $351.17M and $91.38M in sales. Profit margin for the company is -84.61%. Distance from 52-week low is -5.05% and -77.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.90%).
with sales reaching $19.02M over the same period.The EPS is expected to shrink by -24.74% this year, but quarterly earnings will post 6.20% year-over-year. Quarterly sales are estimated to shrink -27.00% in year-over-year returns.
Navitas Semiconductor Corp (NVTS) Top Institutional Holders
206.0 institutions hold shares in Navitas Semiconductor Corp (NVTS), with institutional investors hold 60.69% of the company’s shares. The shares outstanding are 179.20M, and float is at 114.53M with Short Float at 24.30%. Institutions hold 45.05% 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).
