Navitas Semiconductor Corp (NASDAQ:NVTS) has a beta value of 2.52 and has seen 0.62 million shares traded in the recent trading session. The company, currently valued at $798.56M, closed the recent trade at $4.45 per share which meant it lost -$0.01 on the day or -0.11% during that session. The NVTS stock price is -150.79% off its 52-week high price of $11.16 and 20.45% above the 52-week low of $3.54. The 3-month trading volume is 3.20 million shares.

Navitas Semiconductor Corp (NASDAQ:NVTS) trade information

Sporting -0.11% in the red today, the stock has traded in the green over the last five days, when the NVTS stock price touched $4.45 or saw a rise of 4.09%. Year-to-date, Navitas Semiconductor Corp shares have moved -44.80%, while the 5-day performance has seen it change 21.39%. Over the past 30 days, the shares of Navitas Semiconductor Corp (NASDAQ:NVTS) have changed -6.60%.

Navitas Semiconductor Corp (NVTS) estimates and forecasts

Figures show that Navitas Semiconductor Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -14.33% over the past 6 months, with this year growth rate of 25.00%, compared to 4.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 28.60% and 0.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 42.40%.

7 analysts offering their estimates for the company have set an average revenue estimate of $22.93 million for the current quarter. 7 have an estimated revenue figure of $23.81 million for the next quarter concluding in Jun 2024. Year-ago sales stood $13.36 million and $18.06 million respectively for this quarter and the next, and analysts expect sales will grow by 71.70% for the current quarter and 31.80% for the next. Earnings growth for 2024 is a modest 7.65% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.