Stocks of Navitas Semiconductor Corp (NASDAQ:NVTS) traded higher last session on Wall Street, up 19.80% to $2.42.
NVTS stock price is now 3.07% away from the 50-day moving average and -35.42% away from the 200-day moving average. The market capitalization of the company currently stands at $541.56M.
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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 15,000 shares of the company’s stock on Nov 22 ’24. The stock was bought for $35,808 at an average price of $2.39. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’24, DIRECTOR RICHARD J. HENDRIX bought 15,000 shares of the business’s stock. A total of $35,808 was incurred on buying the stock at an average price of $2.39. 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 $2.3479 and a two-hundred day moving average price translates $3.747125 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.
