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Friday, September 29, 2023

The Street Is Finally Waking Up To Navitas Semiconductor Corporation (NASDAQ: NVTS)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Navitas Semiconductor Corporation (NVTS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.15, or 1.82%, to $8.40. The Navitas Semiconductor Corporation has recorded 82,970 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Navitas GaNSafe™: World’s Most Protected GaN Power Semiconductor Opens Multi-Billion Dollar Data Center, Solar and EV Opportunities.

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Stocks Info

Navitas Semiconductor Corporation is listed on the NASDAQ as a member of the Technology sector and is a part of the Semiconductors industry. At the end of the last regular session, the stock closed at $8.25 and fluctuated between $8.36 as its day high and $8.06 as its day low. The current market capitalization of Navitas Semiconductor Corporation is $1.44B. A total of 2.4 million shares were traded on the day, compared to an average of 2.26M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, NVTS has seen 6 BUY and 9 SELL insider trades, representing the acquisition of 520,063 and the disposition of 572,717 shares. Over the last 12 months, there were 14 BUYs and 19 SELLs from insiders. Insiders purchased 6,896,543 shares during that period but sold 20,082,966.

In the most recent transaction, HENDRIX RICHARD J sold 20,000 shares of NVTS for 8.85 per share on Sep 01. After the transaction, the Director now owns 163,282 company shares. In a previous transaction on Aug 30, Sheridan Eugene sold 302,159 shares at 8.30 per share. NVTS shares that President & CEO owns now total 1,002,083.

Among the insiders who sold shares, Kinzer Daniel M. disposed of 57,826 shares on Aug 30 at a per-share price of $8.30. This resulted in the COO and CTO holding 4,498,315 shares of NVTS after the transaction. In another insider transaction, Sheridan Eugene sold 303,600 shares at $8.20 per share on Aug 29. Company shares held by the President & CEO now total 1,304,242.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for NVTS in the last 3 months, the mean price target is $11.65 with high estimates of $14.00 and low estimates of $9.20. In terms of 52-week highs and lows, NVTS has a high of $11.16 and a low of $3.11.

As of this writing, NVTS has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.06. The company reported an EPS of -$0.07 in the last quarter, which was 12.50% higher than expectations of -$0.08.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NVTS’s latest balance sheet shows that the firm has $268.25M in Cash & Short Term Investments as of fiscal 2021. There were $6.92M in debt and $10.73M in liabilities at the time. Its Book Value Per Share was $2.32, while its Total Shareholder’s Equity was $66.02M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NVTS is Buy with a score of 4.29.

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