In the last trading session, 27.77 million Navitas Semiconductor Corp (NASDAQ:NVTS) shares changed hands as the company’s beta touched 3.00. With the company’s per share price at $6.67 changed hands at $0.06 or 0.91% during last session, the market valuation stood at $1.28B. NVTS’s last price was a discount, traded about -37.48% off its 52-week high of $9.17. The share price had its 52-week low at $1.52, which suggests the last value was 77.21% up since then. When we look at Navitas Semiconductor Corp’s average trading volume, we note the 10-day average is 38.88 million shares, with the 3-month average coming to 35.69 million.
Analysts gave the Navitas Semiconductor Corp (NVTS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.22. 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 green as seen at the end of in last trading. With action -4.85%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 71.91%, with the 5-day performance at -4.85% in the red. However, in the 30-day time frame, Navitas Semiconductor Corp (NASDAQ:NVTS) is 8.28% up. Looking at the short shares, we see there were 36.82 million shares sold at short interest cover period of 0.47 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.75, meaning bulls need a downside of -77.87% from its current market value. According to analyst projections, NVTS’s forecast low is 3.5 with 4 as the target high. To hit the forecast high, the stock’s price needs a 40.03% surge from its current level, while the stock would need to tank 47.53% 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 22.08%, but the outlook for the next 5-year period is at 52.65% per year.
NVTS Dividends
Navitas Semiconductor Corp is expected to release its next quarterly earnings report on 2025-May-05.
Navitas Semiconductor Corp (NASDAQ:NVTS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 24.35% of Navitas Semiconductor Corp shares while 39.31% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 51.96%. There are 39.31% institutions holding the Navitas Semiconductor Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 5.4053% of the shares, roughly 9.9 million NVTS shares worth $38.9 million.
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.
