Navitas Semiconductor Corp (NASDAQ:NVTS) shares, rose in value on Thursday, March 06, with the stock price down by -5.68% to the previous day’s close as strong demand from buyers drove the stock to $2.49.
Actively observing the price movement in the last trading, the stock closed the session at $2.64. Referring to stock’s 52-week performance, its high was $5.66, and the low was $1.75. On the whole, NVTS has fluctuated by -17.28% over the past month.
With the market capitalization of Navitas Semiconductor Corp currently standing at about $465.12 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NVTS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 25% Buy while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of NVTS currently trading nearly -11.59% and -21.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.20, while the 7-day volatility ratio is showing 10.82% which for the 30-day chart, stands at 9.43%. Furthermore, Navitas Semiconductor Corp (NVTS)’s beta value is 2.18, and its average true range (ATR) is 0.29.
A comparison of Navitas Semiconductor Corp (NVTS) with its peers suggests the former has fared considerably weaker in the market. NVTS showed an intraday change of -5.68% in last session, and over the past year, it shrunk by -56.85%%.
Data on historical trading for Navitas Semiconductor Corp (NASDAQ:NVTS) indicates that the trading volumes over the past 3 months, they’ve averaged 5.82 million. According to company’s latest data on outstanding shares, there are 186.80 million shares outstanding.
Nearly 38.90% of Navitas Semiconductor Corp’s shares belong to company insiders and institutional investors own 36.64% of the company’s shares. The stock has fallen by -30.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NVTS stock heading into the next quarter.
