Navitas Semiconductor Corp (NASDAQ:NVTS) shares traded 8.24% higher at $5.52 on Wall Street last session.
NVTS stock price is now 126.96% away from the 50-day moving average and 102.88% away from the 200-day moving average. The market capitalization of the company currently stands at $1.06B.
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, SiCPower, LLC, 10% Owner sold 484,619 shares of the company’s stock on May 29 ’25. The stock was sold for $3,258,578 at an average price of $6.72. Upon completion of the transaction, the 10% Owner now directly owns 24,390,042 shares in the company, valued at $134.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 29 ’25, 10% Owner SiCPower, LLC sold 484,619 shares of the business’s stock. A total of $3,258,578 was realized by selling the stock at an average price of $6.72. This leaves the insider owning 24,390,042 shares of the company worth $134.63 million. A total of 38.50% 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. For the current quarter, analysts expect NVTS to generate $14.43M in revenue.
