In the last trading session, 8.16 million Navitas Semiconductor Corp (NASDAQ:NVTS) shares changed hands as the company’s beta touched 2.35. With the company’s per share price at $3.14 changed hands at $0.12 or 3.97% during last session, the market valuation stood at $586.55M. NVTS’s last price was a discount, traded about -168.79% off its 52-week high of $8.44. The share price had its 52-week low at $1.75, which suggests the last value was 44.27% up since then. When we look at Navitas Semiconductor Corp’s average trading volume, we note the 10-day average is 4.33 million shares, with the 3-month average coming to 3.06 million.

Analysts gave the Navitas Semiconductor Corp (NVTS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.78. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NVTS as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Navitas Semiconductor Corp’s EPS for the current quarter is expected to be -0.06.

Navitas Semiconductor Corp (NASDAQ:NVTS) trade information

Instantly NVTS was in green as seen at the end of in last trading. With action 12.95%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -61.09%, with the 5-day performance at 12.95% in the green. However, in the 30-day time frame, Navitas Semiconductor Corp (NASDAQ:NVTS) is 21.71% up. Looking at the short shares, we see there were 27.84 million shares sold at short interest cover period of 9.28 days.

The consensus price target for the stock as assigned by Wall Street analysts is 6.5, meaning bulls need an upside of 51.69% from its current market value. According to analyst projections, NVTS’s forecast low is 4 with 13 as the target high. To hit the forecast high, the stock’s price needs a -314.01% plunge from its current level, while the stock would need to soar -27.39% for it to hit the projected low.

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 -24.34% over the past 6 months, a -25.00% in annual growth rate that is considerably lower than the industry average of -2.80%. Year-over-year growth is forecast to reach 6.23% up from the last financial year.

Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 19.03M. 7 analysts are of the opinion that Navitas Semiconductor Corp’s revenue for the current quarter will be 15.8M. The company’s revenue for the corresponding quarters a year ago was 26.06M and 23.18M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -26.98%. The estimates for the next quarter sales put growth at -31.81%.

The 2024 estimates are for Navitas Semiconductor Corp earnings to decrease by -24.74%, but the outlook for the next 5-year period is at 20.00% per year.

NVTS Dividends

Navitas Semiconductor Corp is expected to release its next quarterly earnings report in January.

Navitas Semiconductor Corp (NASDAQ:NVTS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 25.78% of Navitas Semiconductor Corp shares while 42.03% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 56.62%. There are 42.03% institutions holding the Navitas Semiconductor Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 5.5059% of the shares, roughly 9.9 million NVTS shares worth $38.9 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.3884% or 9.69 million shares worth $38.07 million as of 2024-06-30.