Navitas Semiconductor Corp (NASDAQ:NVTS)’s traded shares stood at 0.28 million during the latest session, with the company’s beta value hitting 2.36. At the last check today, the stock’s price was $2.52, to imply an increase of 1.16% or $0.03 in intraday trading. The NVTS share’s 52-week high remains $8.44, putting it -234.92% down since that peak but still an impressive 15.08% since price per share fell to its 52-week low of $2.14. The company has a valuation of $462.14M, with an average of 1.75 million shares in intraday trading volume over the past 10 days and average of 2.49 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Navitas Semiconductor Corp (NVTS), translating to a mean rating of 1.78. Of 2 analyst(s) looking at the stock, 0 analyst(s) give NVTS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.06.
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Navitas Semiconductor Corp (NASDAQ:NVTS) trade information
After registering a 1.16% upside in the latest session, Navitas Semiconductor Corp (NVTS) has traded red over the past five days. The 5-day price performance for the stock is -1.60%, and 14.50% over 30 days. With these gigs, the year-to-date price performance is -68.79%. Short interest in Navitas Semiconductor Corp (NASDAQ:NVTS) saw shorts transact 30.64 million shares and set a 9.78 days time to cover.
The extremes give us $5 and $22 for target low and target high price respectively. As such, NVTS has been trading -773.02% off suggested target high and -98.41% from its likely low.
Navitas Semiconductor Corp (NVTS) estimates and forecasts
Looking at statistics comparing Navitas Semiconductor Corp share performance against respective industry, we note that the company has underperformed competitors. Navitas Semiconductor Corp (NVTS) shares are -39.15% down over the last 6 months, with its year-to-date growth rate lower than industry average at -20.00% against -3.30%. Revenue is forecast to shrink -50.00% this quarter before falling -50.00% for the next one. The rating firms project that company’s revenue will grow 13.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 21.93M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 24.07M.Earnings reports from the last fiscal year show that sales brought in 21.98M and 26.06M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -0.20% before dropping -7.60% in the following quarter.
NVTS Dividends
Navitas Semiconductor Corp has its next earnings report out on 2024-Nov-07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Navitas Semiconductor Corp (NASDAQ:NVTS)’s Major holders
Navitas Semiconductor Corp insiders hold 26.25% of total outstanding shares, with institutional holders owning 46.83% of the shares at 63.49% float percentage. In total, 46.83% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 9.9 million shares (or 5.5059% of shares), all amounting to roughly $38.9 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 9.69 million shares, or about 5.3884% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $38.07 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Navitas Semiconductor Corp (NVTS) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 4.0 shares. This is just over 2.18% of the total shares, with a market valuation of $10.12 million. Data from the same date shows that the other fund manager holds a little less at 3.25, or 1.78% of the shares, all valued at about 8.23 million.
