Navitas Semiconductor Corp (NASDAQ:NVTS) has a beta value of 2.28 and has seen 1.57 million shares traded in the recent trading session. The company, currently valued at $371.95M, closed the recent trade at $1.95 per share which meant it gained $0.12 on the day or 6.68% during that session. The NVTS stock price is -163.59% off its 52-week high price of $5.14 and 10.26% 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 4.44 million shares traded. The 3-month trading volume is 4.37 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. The expected earnings per share for the stock is -0.06.
Navitas Semiconductor Corp (NASDAQ:NVTS) trade information
Sporting 6.68% in the green today, 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 $1.95 or saw a rise of 16.31%. Year-to-date, Navitas Semiconductor Corp shares have moved -45.32%, while the 5-day performance has seen it change -13.62%. Over the past 30 days, the shares of Navitas Semiconductor Corp (NASDAQ:NVTS) have changed -19.99%. Short interest in the company has seen 29.4 million shares shorted with days to cover at 6.29.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 51.25% from the levels at last check today.. The projected low price target is $4.0 while the price target rests at a high of $4.0. In that case, then, we find that the latest price level in today’s session is -105.13% off the targeted high while a plunge would see the stock gain -105.13% from the levels at last check today..
Navitas Semiconductor Corp (NVTS) estimates and forecasts
The company’s shares have lost -19.99% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -7.45%.
7 analysts offering their estimates for the company have set an average revenue estimate of 14M for the current quarter. 7 have an estimated revenue figure of 15.29M for the next ending quarter. Year-ago sales stood 23.18M and 20.47M respectively for this quarter and the next, and analysts expect sales will shrink by -39.57% for the current quarter and -7.45% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 6.32% over the past 5 years.
NVTS Dividends
Navitas Semiconductor Corp is expected to release its next earnings report on 2025-Feb-23 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 25.28% of the company shares, while shares held by institutions stand at 43.06% with a share float percentage of 57.63%. Investors are also buoyed by the number of investors in a company, with Navitas Semiconductor Corp having a total of 220.0 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 5.4053% 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.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . As of Dec 31, 2024 , the former fund manager holds about 2.10% shares in the company for having 4.0 shares of worth $7.78 million while later fund manager owns 3.22 shares of worth $6.26 million as of Feb 28, 2025 , which makes it owner of about 1.69% of company’s outstanding stock.
