Navitas Semiconductor Corp (NASDAQ: NVTS) Could Achieve Gains In The Near Future

After Hours

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.

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Stocks Info

Navitas Semiconductor Corp is listed on the NASDAQ in the Technology sector while operating in the Semiconductors industry. The current market capitalization of Navitas Semiconductor Corp is $572.40M. A total of 1.78 million shares were traded on the day, compared to an average of 2.49M shares.

In the most recent transaction, Moxam David sold 33,000 shares of NVTS for 3.13 per share on Aug 15 ’24. After the transaction, the Director now owns 867,848 company shares. In a previous transaction on Aug 15 ’24, David Moxam bought 33,000 shares at 2.93 per share.

Among the insiders who sold shares, Saluja Dipender disposed of 87,060 shares on Jun 06 ’24 at a per-share price of $4.56. This resulted in the Director holding 6,118,539 shares of NVTS after the transaction. In another insider transaction, Saluja Dipender sold 87,060 shares at $4.49 per share on Jun 07 ’24. Company shares held by the Director now total 6,031,479.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, NVTS has a high of $8.95 and a low of $2.87.

As of this writing, NVTS has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 9.0 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.07.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $2.11, while its Total Shareholder’s Equity was $65.54M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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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