In last trading session, Navitas Semiconductor Corp (NASDAQ:NVTS) saw 2.24 million shares changing hands with its beta currently measuring 2.20. Company’s recent per share price level of $3.40 trading at -$0.04 or -1.16% at ring of the bell on the day assigns it a market valuation of $635.11M. That closing price of NVTS’s stock is at a discount of -117.65% from its 52-week high price of $7.40 and is indicating a premium of 48.53% from its 52-week low price of $1.75.
For Navitas Semiconductor Corp (NVTS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.78. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.06 in the current quarter.
Navitas Semiconductor Corp (NASDAQ:NVTS) trade information
Upright in the red during last session for losing -1.16%, in the last five days NVTS remained trading in the green while hitting it’s week-highest on Tuesday, 02/18/25 when the stock touched $3.40 price level, adding 6.08% to its value on the day. Navitas Semiconductor Corp’s shares saw a change of -4.76% in year-to-date performance and have moved 19.30% in past 5-day. Navitas Semiconductor Corp (NASDAQ:NVTS) showed a performance of -4.49% in past 30-days.
Wall Street analysts have assigned a consensus price target of 4.5 to the stock, which implies a rise of 24.44% to its current value. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would drop -17.65% in reaching the projected high whereas dropping to the targeted low would mean a loss of -17.65% for stock’s current value.
Navitas Semiconductor Corp (NVTS) estimates and forecasts
This year revenue growth is estimated to rise 6.23% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 19.03M for the same. And 7 analysts are in estimates of company making revenue of 15.8M in the next quarter. Company posted 26.06M and 23.18M of sales in current and next quarters respectively a year earlier.
In 2025, company’s earnings growth rate is likely to be around -24.74% while estimates for its earnings growth in next 5 years are of 16.28%.
Navitas Semiconductor Corp (NASDAQ:NVTS)’s Major holders
BLACKROCK INC. is the top institutional holder at NVTS for having 9.9 million shares of worth $38.9 million. And as of 2024-06-30, it was holding 5.5059 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 9.69 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.3884 of outstanding shares, having a total worth of $38.07 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 4.0 shares of worth $13.6 million or 2.14% of the total outstanding shares. The later fund manager was in possession of 3.49 shares on Nov 30, 2024 , making its stake of worth around $11.87 million in the company or a holder of 1.87% of company’s stock.
