Navitas Semiconductor Corp (NASDAQ:NVTS) has a beta value of 2.95 and has seen 41.21 million shares traded in the last trading session. The company, currently valued at $1.25B, closed the last trade at $6.52 per share which meant it lost -$0.49 on the day or -6.99%% during that session. The NVTS stock price is -40.64% off its 52-week high price of $9.17 and 76.69% above the 52-week low of $1.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 64.93 million shares traded. The 3-month trading volume is 33.35 million shares.
The consensus among analysts is that Navitas Semiconductor Corp (NVTS) is Buy stock at the moment, with a recommendation rating of 2.22. 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 -0.05.
Navitas Semiconductor Corp (NASDAQ:NVTS) trade information
Sporting -6.99%% in the red in last session, 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 $6.52 or saw a rise of 18.4%. Year-to-date, Navitas Semiconductor Corp shares have moved 54.50%, while the 5-day performance has seen it change -10.93%. Over the past 30 days, the shares of Navitas Semiconductor Corp (NASDAQ:NVTS) have changed 241.36%. Short interest in the company has seen 28.41 million shares shorted with days to cover at 0.61.
Wall Street analysts have a consensus price target for the stock at $3.75, which means that the shares’ value could drop -73.87% from current levels. The projected low price target is $3.5 while the price target rests at a high of $4.0. In that case, then, we find that the current price level is 38.65% off the targeted high while a plunge would see the stock lose 46.32% from current levels.
Navitas Semiconductor Corp (NVTS) estimates and forecasts
The company’s shares have gained 100.00% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -23.60%.
7 analysts offering their estimates for the company have set an average revenue estimate of 14.36M for the current quarter. 7 have an estimated revenue figure of 15.58M for the next ending quarter. Year-ago sales stood 20.47M and 21.68M respectively for this quarter and the next, and analysts expect sales will shrink by -29.83% for the current quarter and -23.60% 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. Earnings growth for 2025 is a modest 22.08% while over the next 5 years, the company’s earnings are expected to increase by 52.65%.
NVTS Dividends
Navitas Semiconductor Corp is expected to release its next earnings report on 2025-May-05 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 24.35% of the company shares, while shares held by institutions stand at 39.31% with a share float percentage of 51.96%. Investors are also buoyed by the number of investors in a company, with Navitas Semiconductor Corp having a total of 230.0 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 5.2899% of shares outstanding.
