Navitas Semiconductor Corp (NASDAQ:NVTS)’s traded shares stood at 103.5 million during the last session, with the company’s beta value hitting 3.01. At the close of trading, the stock’s price was $7.96, to imply a decrease of -1.61% or -$0.13 in intraday trading. The NVTS share’s 52-week high remains $8.64, putting it -8.54% down since that peak but still an impressive 80.9% since price per share fell to its 52-week low of $1.52.
Analysts have given a consensus recommendation of Buy for Navitas Semiconductor Corp (NVTS), translating to a mean rating of 2.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give NVTS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy.
Navitas Semiconductor Corp (NASDAQ:NVTS) trade information
After registering a -1.61% downside in the last session, Navitas Semiconductor Corp (NVTS) has traded red over the past five days. The 5-day price performance for the stock is 17.40%, and 284.54% over 30 days. With these gigs, the year-to-date price performance is 122.97%.
The extremes give us $4 and $4 for target low and target high price respectively. As such, NVTS has been trading 49.75% off suggested target high and 49.75% from its likely low.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 6.32% for the past 5-year period. While 2025 is set for a 22.04% return in earnings, projections for the next 5 years are at 52.33% annually.
NVTS Dividends
Navitas Semiconductor Corp has its next earnings report out in July. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 9.69 million shares, or about 5.2899% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $38.07 million.
