Navitas Semiconductor Corp (NASDAQ:NVTS) price on Wednesday, May 21, fall -4.50% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.91.
A look at the stock’s price movement, the close in the last trading session was $2.00, moving within a range at $1.88 and $2.0599. The beta value (5-Year monthly) was 2.229. Turning to its 52-week performance, $5.14 and $1.52 were the 52-week high and 52-week low respectively. Overall, NVTS moved 6.11% over the past month.
Navitas Semiconductor Corp’s market cap currently stands at around $366.36 million, with investors looking forward to this quarter’s earnings report slated for on 2025-May-04.
Analysts have a consensus estimate of 14.43M for the company’s revenue for the quarter, with a low and high estimate of 14M and 14.53M respectively. The average forecast suggests down to a -29.48% 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 64.02M, representing a -23.15% 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 100% 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 -4.43% and -5.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.04, while 7-day volatility ratio is 5.08% and 6.14% in the 30-day chart. Further, Navitas Semiconductor Corp (NVTS) has a beta value of 2.18, and an average true range (ATR) of 0.14. 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 -109.42% off current price level while to achieve the yearly target high, price needs to move -109.42%. Nonetheless, investors will most likely welcome a -109.42% 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 7.83 over the past 10 days and 3.90 million over the past 3 months. The company’s latest data on shares outstanding shows there are 191.76 million shares.
The 38.84% of Navitas Semiconductor Corp’s shares are in the hands of company insiders while institutional holders own 32.66% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 24.45 million on 2025-04-30, giving us a short ratio of 6.51. The data shows that as of 2025-04-30 short interest in Navitas Semiconductor Corp (NVTS) stood at 1837.0000999999997 of shares outstanding, with shares short falling to 28.53 million registered in 2025-03-31. Current price change has pushed the stock -46.50% 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.
