Navitas Semiconductor Corp (NASDAQ: NVTS) Could Soar To Much Higher Prices In Coming Months

In the last trading session, 2.33 million Navitas Semiconductor Corp (NASDAQ:NVTS) shares changed hands as the company’s beta touched 2.19. With the company’s per share price at $2.00 changed hands at -$0.03 or -1.48% during last session, the market valuation stood at $383.62M. NVTS’s last price was a discount, traded about -157.0% off its 52-week high of $5.14. The share price had its 52-week low at $1.52, which suggests the last value was 24.0% up since then.

Analysts gave the Navitas Semiconductor Corp (NVTS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. 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 (NASDAQ:NVTS) trade information

Instantly NVTS was in red as seen at the end of in last trading. With action -6.54%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -43.98%, with the 5-day performance at -6.54% in the red. However, in the 30-day time frame, Navitas Semiconductor Corp (NASDAQ:NVTS) is 11.11% up.

The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 50.0% from its current market value. According to analyst projections, NVTS’s forecast low is 4 with 4 as the target high. To hit the forecast high, the stock’s price needs a -100.0% plunge from its current level, while the stock would need to soar -100.0% for it to hit the projected low.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.32%. The 2025 estimates are for Navitas Semiconductor Corp earnings to increase by 21.78%, but the outlook for the next 5-year period is at 44.97% per year.

NVTS Dividends

Navitas Semiconductor Corp is expected to release its next quarterly earnings report in June.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.2899% or 9.69 million shares worth $38.07 million as of 2024-06-30.