Navitas Semiconductor Corp [NVTS] stock is trading at $2.45, down -5.04%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NVTS shares have gain 12.39% over the last week, with a monthly amount drifted -20.97%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Navitas Semiconductor Corp [NASDAQ: NVTS] stock has seen the most recent analyst activity on May 13, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $4 from $10. On August 29, 2023, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $9.20 on the stock. Rosenblatt started tracking the stock assigning a Buy rating and suggested a price target of $15 on February 24, 2022. Needham initiated its recommendation with a Buy and recommended $16 as its price target on February 17, 2022. BofA Securities started tracking with a Neutral rating for this stock on December 14, 2021, and assigned it a price target of $20. In a note dated November 23, 2021, Deutsche Bank initiated an Buy rating and provided a target price of $22 on this stock.
Navitas Semiconductor Corp [NVTS] stock has fluctuated between $2.14 and $8.44 over the past year. Currently, Wall Street analysts expect the stock to reach $11.3 within the next 12 months. Navitas Semiconductor Corp [NASDAQ: NVTS] shares were valued at $2.45 at the most recent close of the market. An investor can expect a potential return of 361.22% based on the average NVTS price forecast.
Analyzing the NVTS fundamentals
Navitas Semiconductor Corp [NASDAQ:NVTS] reported sales of 91.68M for the trailing twelve months, which represents a growth of 13.32%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at -1.29%, Pretax Profit Margin comes in at -0.56%, and Net Profit Margin reading is -0.56%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.13 and Total Capital is -0.29. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.37 points at the first support level, and at 2.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.58, and for the 2nd resistance point, it is at 2.71.
Ratios To Look Out For
For context, Navitas Semiconductor Corp’s Current Ratio is 5.68. Also, the Quick Ratio is 4.82, while the Cash Ratio stands at 3.87. Considering the valuation of this stock, the price to sales ratio is 4.90, the price to book ratio is 1.16.
Transactions by insiders
Recent insider trading involved Sheridan Eugene, President & CEO, that happened on Aug 28 ’24 when 0.45 million shares were sold. President & CEO, Sheridan Eugene completed a deal on Aug 29 ’24 to sell 0.27 million shares. Meanwhile, President & CEO Sheridan Eugene sold 0.19 million shares on Aug 30 ’24.
