The stock of Navitas Semiconductor Corp (NASDAQ:NVTS) last traded at $2.75, up 11.79% from the previous session.
NVTS stock price is now 16.11% away from the 50-day moving average and -25.00% away from the 200-day moving average. The market capitalization of the company currently stands at $574.25M.
With the price target reduced from $10 to $4, Jefferies Downgraded its rating from Buy to Hold for Navitas Semiconductor Corp (NASDAQ: NVTS). , while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Wunderlich Gary Kent JR, Director sold 15,000 shares of the company’s stock on Nov 22 ’24. The stock was sold for $35,810 at an average price of $2.39. Upon completion of the transaction, the Director now directly owns 42,366 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’24, Director HENDRIX RICHARD J sold 15,000 shares of the business’s stock. A total of $35,810 was realized by selling the stock at an average price of $2.39. This leaves the insider owning 42,366 shares of the company worth $0.12 million. A total of 38.69% of the company’s stock is owned by insiders.
During the past 12 months, Navitas Semiconductor Corp has had a low of $1.75 and a high of $8.44. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 5.59, and a quick ratio of 4.77. The fifty day moving average price for NVTS is $2.368 and a two-hundred day moving average price translates $3.666525 for the stock.
The latest earnings results from Navitas Semiconductor Corp (NASDAQ: NVTS) was released for 2024-09-30. The net profit margin was -84.61% and return on equity was -19.72% for NVTS. The company reported revenue of $21.68 million for the quarter, compared to $21.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.35 percent.
