In yesterday’s Wall Street session, Navitas Semiconductor Corp (NASDAQ:NVTS) shares traded at $4.33, up 14.85% from the previous session.
NVTS stock price is now 72.14% away from the 50-day moving average and 20.67% away from the 200-day moving average. The market capitalization of the company currently stands at $808.83M.
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, GARY K. WUNDERLICH, JR., DIRECTOR bought 10,000 shares of the company’s stock on Dec 06 ’24. The stock was bought for $37,205 at an average price of $3.72. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06 ’24, DIRECTOR RICHARD J. HENDRIX bought 10,000 shares of the business’s stock. A total of $37,205 was incurred on buying the stock at an average price of $3.72. A total of 39.57% 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 $2.4804 and a two-hundred day moving average price translates $3.595075 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.
