In the last trading session, 2.12 million shares of the Navitas Semiconductor Corp (NASDAQ:NVTS) were traded, and its beta was 2.21. Most recently the company’s share price was $1.80, and it changed around $0.04 or 2.27% from the last close, which brings the market valuation of the company to $342.95M. NVTS currently trades at a discount to its 52-week high of $5.14, offering almost -185.56% off that amount. The share price’s 52-week low was $1.52, which indicates that the current value has risen by an impressive 15.56% since then. We note from Navitas Semiconductor Corp’s average daily trading volume that its 10-day average is 5.1 million shares, with the 3-month average coming to 4.33 million.
Navitas Semiconductor Corp stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 1 out of 9 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended NVTS as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Navitas Semiconductor Corp is expected to report earnings per share of -0.06 for the current quarter.
Navitas Semiconductor Corp (NASDAQ:NVTS) trade information
Instantly NVTS has showed a green trend with a performance of 2.27% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.9500 on recent trading dayincreased the stock’s daily price by 7.69%. The company’s shares are currently down -49.58% year-to-date, but still down -0.55% over the last five days. On the other hand, Navitas Semiconductor Corp (NASDAQ:NVTS) is -19.64% down in the 30-day period. We can see from the shorts that 28.53 million shares have been sold at a short interest cover period of 6.54 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 55.0% from its current value. Analyst projections state that NVTS is forecast to be at a low of $4 and a high of $4.
Navitas Semiconductor Corp (NVTS) estimates and forecasts
The year-over-year growth rate is expected to be -9.14%, down from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 14M in revenue for the current quarter. 7 analysts expect Navitas Semiconductor Corp to make 15.01M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 23.18M and 20.47M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -39.57%. Forecasts for the next quarter put sales growth at -26.67%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 6.32%. Navitas Semiconductor Corp earnings are expected to increase by 30.10% in 2025, but the outlook is positive 60.31% per year for the next five years.
NVTS Dividends
Navitas Semiconductor Corp’s next quarterly earnings report is expected to be released on 2025-Feb-23.
Navitas Semiconductor Corp (NASDAQ:NVTS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 25.28% of Navitas Semiconductor Corp shares, and 43.03% of them are in the hands of institutional investors. The stock currently has a share float of 57.59%. Navitas Semiconductor Corp stock is held by 222.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 5.4053% of the shares, which is about 9.9 million shares worth $38.9 million.
VANGUARD GROUP INC, with 5.3884% or 9.69 million shares worth $38.07 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 4.0 shares worth $7.2 million, making up 2.10% of all outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held roughly 3.22 shares worth around $5.8 million, which represents about 1.69% of the total shares outstanding.
