In yesterday’s Wall Street session, Navitas Semiconductor Corp (NASDAQ:NVTS) shares traded at $6.16, down -5.23% from the previous session.
NVTS stock price is now 172.72% away from the 50-day moving average and 129.37% away from the 200-day moving average. The market capitalization of the company currently stands at $1.18B.
With the price target maintained at $1.50, Morgan Stanley recently Downgraded its rating from Equal-Weight to Underweight for Navitas Semiconductor Corp (NASDAQ: NVTS). On May 13, 2024, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $10 to quote $4, while ‘Northland Capital’ rates the stock as ‘Market Perform’
In other news, Sheridan Eugene, PRESIDENT & CEO sold 2,155,783 shares of the company’s stock on May 23 ’25. The stock was sold for $9,679,466 at an average price of $4.49. Upon completion of the transaction, the PRESIDENT & CEO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 28 ’25, 10% Owner SICPOWER, LLC bought 8,500 shares of the business’s stock. A total of $55,505 was incurred on buying the stock at an average price of $6.53. A total of 38.84% of the company’s stock is owned by insiders.
During the past 12 months, Navitas Semiconductor Corp has had a low of $1.52 and a high of $7.53. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 5.61, and a quick ratio of 4.78.
The net profit margin was -131.83% and return on equity was -26.43% for NVTS. The company reported revenue of $14.02 million for the quarter, compared to $23.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -39.51 percent.
