In the latest trading session, 1.19 million Navitas Semiconductor Corp (NASDAQ:NVTS) shares changed hands as the company’s beta touched 2.18. With the company’s most recent per share price at $3.00 changed hands at -$0.17 or -5.36% at last look, the market valuation stands at $560.38M. NVTS’s current price is a discount, trading about -146.67% off its 52-week high of $7.40. The share price had its 52-week low at $1.75, which suggests the last value was 41.67% up since then.
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
However, in the 30-day time frame, Navitas Semiconductor Corp (NASDAQ:NVTS) is -10.45% down.
The consensus price target for the stock as assigned by Wall Street analysts is 4.5, meaning bulls need an upside of 33.33% from its recent market value. According to analyst projections, NVTS’s forecast low is 4 with 5 as the target high. To hit the forecast high, the stock’s price needs a -66.67% plunge from its current level, while the stock would need to soar -33.33% for it to hit the projected low.
Navitas Semiconductor Corp (NVTS) estimates and forecasts
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 2025 estimates are for Navitas Semiconductor Corp earnings to decrease by -24.74%, but the outlook for the next 5-year period is at 16.28% per year.
Navitas Semiconductor Corp (NASDAQ:NVTS)’s Major holders
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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 4.0 shares estimated at $11.98 million under it, the former controlled 2.14% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.87% of the shares, roughly 3.49 shares worth around $10.45 million.
