The trading price of Navitas Semiconductor Corp (NASDAQ:NVTS) closed higher on Tuesday, May 27, and closing at $6.50, 47.39% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $5.25 and a 52-week low of $1.52. Over the past month, the stock has gained 217.07% in value.
Navitas Semiconductor Corp, whose market valuation is $1.25 billion at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest NVTS has a Hold 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 160.83% off the SMA20 and 197.01% off the SMA50. The RSI metric on the 14-day chart is currently showing 83.47, and weekly volatility stands at 50.63%. When measured over the past 30 days, the indicator reaches 23.73%. Navitas Semiconductor Corp (NASDAQ:NVTS)’s beta value is currently sitting at 2.60, while the Average True Range indicator is currently displaying 0.60. With analysts defining $4-$4 as the low and high price targets, we arrive at a consensus price target of $4 for the trailing 12-month period. The current price is about 38.46% off the estimated low and 38.46% off the forecast high, based on this estimate. Investors will be thrilled if NVTS’s share price rises to $4, which is the median consensus price. At that level, NVTS’s share price would be 38.46% above 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 47.39% in the latest trading, and 71.50% in the past year.
An evaluation of the daily trading volume of Navitas Semiconductor Corp (NASDAQ:NVTS) indicates that the 3-month average is 10.23 million.
Currently, records show that 191.76 million of the company’s shares remain outstanding. The insiders hold 38.84% of outstanding shares, whereas institutions hold 32.65%. However, since the stock’s price has seen 82.07% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
