Navitas Semiconductor Corp (NASDAQ: NVTS) is -60.72% lower on its value in year-to-date trading and has touched a low of $1.75 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 $2.81 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $3.17, the stock is -3.13% and 17.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.22 million and changing 12.81% at the moment leaves the stock -9.17% off its SMA200. NVTS registered -59.46% loss for a year compared to 6-month loss of -20.75%. The firm has a 50-day simple moving average (SMA 50) of $2.7056 and a 200-day simple moving average (SMA200) of $3.490175.
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The stock witnessed a 73.22% gain in the last 1 month and extending the period to 3 months gives it a 45.41%, and is -7.85% 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 15.30% over the week and 14.98% over the month.
Navitas Semiconductor Corp (NVTS) has around 314 employees, a market worth around $668.00M and $91.38M in sales. Profit margin for the company is -84.61%. Distance from 52-week low is 81.14% and -62.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.90%).
with sales reaching $19.03M over the same period.The EPS is expected to shrink by -24.74% this year, but quarterly earnings will post 6.23% year-over-year. Quarterly sales are estimated to shrink -26.98% in year-over-year returns.
Navitas Semiconductor Corp (NVTS) Top Institutional Holders
191.0 institutions hold shares in Navitas Semiconductor Corp (NVTS), with institutional investors hold 56.62% of the company’s shares. The shares outstanding are 186.79M, and float is at 114.11M with Short Float at 20.58%. Institutions hold 42.00% 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 Wunderlich Gary Kent JR, the company’s Director. SEC filings show that Wunderlich Gary Kent JR sold 75,000 shares of the company’s common stock on Dec 10 ’24 at a price of $4.50 per share for a total of $0.34 million. Following the sale, the insider now owns 0.4 million shares.
Navitas Semiconductor Corp disclosed in a document filed with the SEC on Dec 10 ’24 that HENDRIX RICHARD J (Director) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Dec 10 ’24 and was made at $4.45 per share for $88914.0. Following the transaction, the insider now directly holds 0.3 million shares of the NVTS stock.
Still, SEC filings show that on Dec 10 ’24, RICHARD J. HENDRIX (DIRECTOR) Proposed Sale 20,000 shares at an average price of $4.45 for $88914.0. The insider now directly holds shares of Navitas Semiconductor Corp (NVTS).
