The stock of Navitas Semiconductor Corp (NASDAQ:NVTS) last traded at $3.44, down -4.44% from the previous session.
NVTS stock price is now 30.68% away from the 50-day moving average and -3.07% away from the 200-day moving average. The market capitalization of the company currently stands at $614.02M.
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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, Wunderlich Gary Kent JR, Director sold 75,000 shares of the company’s stock on Dec 10 ’24. The stock was sold for $337,500 at an average price of $4.50. Upon completion of the transaction, the Director now directly owns 395,224 shares in the company, valued at $1.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 10 ’24, Director HENDRIX RICHARD J sold 20,000 shares of the business’s stock. A total of $88,914 was realized by selling the stock at an average price of $4.45. This leaves the insider owning 296,709 shares of the company worth $1.02 million. A total of 38.82% 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 $2.6324 and a two-hundred day moving average price translates $3.548975 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.
