Navitas Semiconductor Corp (NASDAQ:NVTS) has a beta value of 2.22 and has seen 6.15 million shares traded in the last trading session. The company, currently valued at $852.10M, closed the last trade at $3.99 per share which meant it gained $0.5 on the day or 14.33% during that session. The NVTS stock price is -88.22% off its 52-week high price of $7.51 and 56.14% above the 52-week low of $1.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.45 million shares traded. The 3-month trading volume is 5.28 million shares.
The consensus among analysts is that Navitas Semiconductor Corp (NVTS) is Buy stock at the moment, with a recommendation rating of 1.78. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
Navitas Semiconductor Corp (NASDAQ:NVTS) trade information
Sporting 14.33% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NVTS stock price touched $3.99 or saw a rise of 4.32%. Year-to-date, Navitas Semiconductor Corp shares have moved 11.76%, while the 5-day performance has seen it change -3.16%. Over the past 30 days, the shares of Navitas Semiconductor Corp (NASDAQ:NVTS) have changed 27.07%. Short interest in the company has seen 25.01 million shares shorted with days to cover at 3.34.
Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 20.2% from current levels. The projected low price target is $4.0 while the price target rests at a high of $6.5. In that case, then, we find that the current price level is -62.91% off the targeted high while a plunge would see the stock gain -0.25% from current levels.
Navitas Semiconductor Corp (NVTS) estimates and forecasts
Figures show that Navitas Semiconductor Corp shares have underperformed across the wider relevant industry. The company’s shares have lost -2.92% over the past 6 months, with this year growth rate of -25.00%, compared to -1.50% for the industry.
Earnings growth for 2025 is a modest -24.74% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
NVTS Dividends
Navitas Semiconductor Corp is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Navitas Semiconductor Corp (NASDAQ:NVTS)’s Major holders
Insiders own 25.82% of the company shares, while shares held by institutions stand at 42.04% with a share float percentage of 56.67%. Investors are also buoyed by the number of investors in a company, with Navitas Semiconductor Corp having a total of 192.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 9.9 million shares worth more than $38.9 million. As of 2024-06-30, BLACKROCK INC. held 5.5059% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 9.69 million shares as of 2024-06-30. The firm’s total holdings are worth over $38.07 million and represent 5.3884% of shares outstanding.
