Navitas Semiconductor Corp (NASDAQ:NVTS) shares traded 164.40% higher at $5.05 on Wall Street last session.
NVTS stock price is now 144.54% away from the 50-day moving average and 90.72% away from the 200-day moving average. The market capitalization of the company currently stands at $968.62M.
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, DANIEL M. KINZER, Former Director and Officer bought 413,178 shares of the company’s stock on May 22 ’25. The stock was bought for $2,049,690 at an average price of $4.96. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’25, DIRECTOR RICHARD J. HENDRIX bought 120,000 shares of the business’s stock. A total of $540,000 was incurred on buying the stock at an average price of $4.50. 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 $5.14. 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 fifty day moving average price for NVTS is $2.0651 and a two-hundred day moving average price translates $2.6479 for the stock.
The latest earnings results from Navitas Semiconductor Corp (NASDAQ: NVTS) was released for 2025-03-31. 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.
