Navitas Semiconductor Corp (NASDAQ:NVTS) price on Thursday, March 20, fall -7.91% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.33.
A look at the stock’s price movement, the close in the last trading session was $2.53, moving within a range at $2.27 and $2.48. The beta value (5-Year monthly) was 2.224. Turning to its 52-week performance, $5.14 and $1.75 were the 52-week high and 52-week low respectively. Overall, NVTS moved -32.27% over the past month.
Navitas Semiconductor Corp’s market cap currently stands at around $443.93 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-23.
Analysts have a consensus estimate of 14M for the company’s revenue for the quarter, with a low and high estimate of 13.5M and 14.5M respectively. The average forecast suggests down to a -39.57% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 77.1M, representing a -7.45% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NVTS is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend NVTS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NVTS’s current price about -7.20% and -19.84% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.23, while 7-day volatility ratio is 8.27% and 10.27% in the 30-day chart. Further, Navitas Semiconductor Corp (NVTS) has a beta value of 2.13, and an average true range (ATR) of 0.26. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $4 and high of $4. Looking at the price targets, the low is -71.67% off current price level while to achieve the yearly target high, price needs to move -71.67%. Nonetheless, investors will most likely welcome a -71.67% jump to $4 which is the analysts’ median price.
If we refocus on Navitas Semiconductor Corp (NASDAQ:NVTS), historical trading data shows that trading volumes averaged 4.24 over the past 10 days and 4.70 million over the past 3 months. The company’s latest data on shares outstanding shows there are 186.80 million shares.
The 38.90% of Navitas Semiconductor Corp’s shares are in the hands of company insiders while institutional holders own 36.62% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 31.4 million on 2025-02-28, giving us a short ratio of 7.93. The data shows that as of 2025-02-28 short interest in Navitas Semiconductor Corp (NVTS) stood at 2440.0 of shares outstanding, with shares short rising to 28.72 million registered in 2025-01-31. Current price change has pushed the stock -34.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NVTS stock continues to rise going into the next quarter.
