Are Analysts Expecting A Better 2020 For Navitas Semiconductor Corp (NVTS)?

Navitas Semiconductor Corp (NVTS) concluded trading on Thursday at a closing price of $6.33, with 2.94 million shares of worth about $18.62 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -28.39% during that period and on Thursday the price saw a gain of about 11.44%. Currently the company’s common shares owned by public are about 153.63M shares, out of which, 117.74M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 51 times over the past 12 months. They bought 9,067,813 shares in 18 of the transactions. In 33 selling transactions, insiders dumped 20,496,092 shares.

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However, the stock later moved at a day high price of 6.46, or with a gain of 11.44%. Stock saw a price change of 11.44% in past 5 days and over the past one month there was a price change of -11.59%. Year-to-date (YTD), NVTS shares are showing a performance of -21.56% which increased to 10.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.76 but also hit the highest price of $11.16 during that period. The average intraday trading volume for Navitas Semiconductor Corp shares is 1.96 million. The stock is currently trading 2.41% above its 20-day simple moving average (SMA20), while that difference is down -10.01% for SMA50 and it goes to -17.30% lower than SMA200.

Navitas Semiconductor Corp (NASDAQ: NVTS) currently have 153.63M outstanding shares and institutions hold larger chunk of about 37.77% of that.

The stock has a current market capitalization of $1.13B and its 3Y-monthly beta is at 2.60. It has posted earnings per share of -$0.75 in the same period. It has Quick Ratio of 4.38 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NVTS, volatility over the week remained 5.62% while standing at 5.45% over the month.

Analysts are in expectations that Navitas Semiconductor Corp (NVTS) stock would likely to be making an EPS of -$0.05 in the current quarter, while forecast for next quarter EPS is -$0.05 and it is -$0.13 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.07 which is -$0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 26.43% while it is estimated to increase by 37.81% in next year.

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