The trading price of Navitas Semiconductor Corp (NASDAQ:NVTS) remained unchanged on Friday, December 06, and closing at $3.77.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.67 and $4.27. In examining the 52-week price action we see that the stock hit a 52-week high of $8.44 and a 52-week low of $1.75. Over the past month, the stock has gained 63.91% in value.
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Navitas Semiconductor Corp, whose market valuation is $704.22 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.06 per share this quarter, however they have predicted annual earnings per share of -0.25 for current year and -0.21 for next year.
Analysts have forecast the company to bring in revenue of 19.03M for the current quarter, with the likely lows of 19M and highs of 19.1M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 84.41M.
On the technical side, indicators suggest NVTS has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned NVTS a recommendation rating is 2. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Navitas Semiconductor Corp (NVTS) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that NVTS’s price is currently 54.22% off the SMA20 and 51.99% off the SMA50. The RSI metric on the 14-day chart is currently showing 75.95, and weekly volatility stands at 15.72%. When measured over the past 30 days, the indicator reaches 11.15%. Navitas Semiconductor Corp (NASDAQ:NVTS)’s beta value is currently sitting at 2.34, while the Average True Range indicator is currently displaying 0.33. With analysts defining $4-$6.5 as the low and high price targets, we arrive at a consensus price target of $5 for the trailing 12-month period. The current price is about -6.1% off the estimated low and -72.41% off the forecast high, based on this estimate. Investors will be thrilled if NVTS’s share price rises to $5, which is the median consensus price. At that level, NVTS’s share price would be -32.63% below current price.
To see how Navitas Semiconductor Corp stock has been performing in comparison to its peers in the industry, here are the numbers: NVTS stock’s performance was 0.00% in the latest trading, and -48.29% in the past year.
An evaluation of the daily trading volume of Navitas Semiconductor Corp (NASDAQ:NVTS) indicates that the 3-month average is 3.45 million. However, this figure has increased over the past 10 days to an average of 8.5.
Currently, records show that 186.79 million of the company’s shares remain outstanding. The insiders hold 39.57% of outstanding shares, whereas institutions hold 37.12%. The stats also highlight that short interest as of 2024-11-15, stood at 27.84 million shares, resulting in a short ratio of 9.28 at that time. From this, we can conclude that short interest is 2163.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were down slightly from the previous month’s figure, which was 31.1 million. However, since the stock’s price has seen -53.28% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
