Navitas Semiconductor Corp (NASDAQ: NVTS) Could Make Significant Gains?

In the latest trading session, 0.9 million Navitas Semiconductor Corp (NASDAQ:NVTS) shares changed hands as the company’s beta touched 2.44. With the company’s most recent per share price at $4.15 changed hands at -$0.24 or -5.43% at last look, the market valuation stands at $760.14M. NVTS’s current price is a discount, trading about -168.92% off its 52-week high of $11.16. The share price had its 52-week low at $3.48, which suggests the last value was 16.14% up since then. When we look at Navitas Semiconductor Corp’s average trading volume, we note the 3-month average coming to 2.72 million.

Navitas Semiconductor Corp (NASDAQ:NVTS) trade information

Instantly NVTS was in red as seen in intraday trades today. With action -8.76%, the performance over the past five days has been red. The drop to weekly highs of 5.14 subtracted -5.43% to the stock’s daily price. The company’s shares are showing year-to-date downside of -48.56%, with the 5-day performance at -8.76% in the red. However, in the 30-day time frame, Navitas Semiconductor Corp (NASDAQ:NVTS) is 6.18% up.

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Navitas Semiconductor Corp (NVTS) estimates and forecasts

Data shows that the Navitas Semiconductor Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -49.92% over the past 6 months, a -15.00% in annual growth rate that is considerably lower than the industry average of -3.90%.

The 2024 estimates are for Navitas Semiconductor Corp earnings to decrease by -14.53%, but the outlook for the next 5-year period is at 20.00% per year.