The trading price of Navitas Semiconductor Corp (NASDAQ:NVTS) closed lower on Tuesday, June 17, and closing at $6.86, -4.59% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $9.17 and a 52-week low of $1.52. Over the past month, the stock has gained 229.81% in value.
Navitas Semiconductor Corp, whose market valuation is $1.32 billion at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.05 per share this quarter, however they have predicted annual earnings per share of -0.19 for current year and -0.1 for next year.
Analysts have forecast the company to bring in revenue of 14.36M for the current quarter, with the likely lows of 13.5M and highs of 14.53M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 63.64M.
On the technical side, indicators suggest NVTS has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% 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 14.79% off the SMA20 and 93.88% off the SMA50. The RSI metric on the 14-day chart is currently showing 61.98, and weekly volatility stands at 2.28%. When measured over the past 30 days, the indicator reaches 24.65%. Navitas Semiconductor Corp (NASDAQ:NVTS)’s beta value is currently sitting at 2.99, while the Average True Range indicator is currently displaying 0.85. 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 41.69% off the estimated low and 41.69% 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 41.69% 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 -4.59% in the latest trading, and 47.84% in the past year.
An evaluation of the daily trading volume of Navitas Semiconductor Corp (NASDAQ:NVTS) indicates that the 3-month average is 31.61 million.
Currently, records show that 191.76 million of the company’s shares remain outstanding. The insiders hold 25.80% of outstanding shares, whereas institutions hold 32.62%. However, since the stock’s price has seen 92.16% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
