Navitas Semiconductor Corp [NASDAQ: NVTS] closed the trading session at $2.36.
The stocks have a year to date performance of -70.76 percent and weekly performance of -17.19 percent. The stock has been moved at -49.68 percent over the last six months. The stock has performed -2.48 percent around the most recent 30 days and changed -26.02 percent over the most recent 3-months.
If compared to the average trading volume of 2.52M shares, NVTS reached to a volume of 6115705 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Navitas Semiconductor Corp [NVTS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NVTS shares is $3.81 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NVTS stock is a recommendation set at 1.78. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Navitas Semiconductor Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 13, 2024. While these analysts kept the previous recommendation, Northland Capital raised their target price to Market Perform. The new note on the price target was released on January 16, 2024, representing the official price target for Navitas Semiconductor Corp stock. Previously, the target price had yet another raise to $9.20, while Morgan Stanley analysts kept a Equal-Weight rating on NVTS stock.
The Average True Range (ATR) for Navitas Semiconductor Corp is set at 0.19, with the Price to Sales ratio for NVTS stock in the period of the last 12 months amounting to 4.74. The Price to Book ratio for the last quarter was 1.12, with the Price to Cash per share for the same quarter was set at 0.54.
NVTS stock trade performance evaluation
Navitas Semiconductor Corp [NVTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.19. With this latest performance, NVTS shares dropped by -2.48% in over the last four-week period, additionally sinking by -49.68% over the last 6 months – not to mention a drop of -61.75% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NVTS stock in for the last two-week period is set at 42.78, with the RSI for the last a single of trading hit 39.09, and the three-weeks RSI is set at 43.92 for Navitas Semiconductor Corp [NVTS]. The present Moving Average for the last 50 days of trading for this stock 2.51, while it was recorded at 2.54 for the last single week of trading, and 4.01 for the last 200 days.
Navitas Semiconductor Corp [NVTS]: An insightful look at the core fundamentals
Navitas Semiconductor Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.77 and a Current Ratio set at 5.59.
Earnings per share (EPS) analysis for Navitas Semiconductor Corp [NVTS] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NVTS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Navitas Semiconductor Corp go to 20.00%.
Navitas Semiconductor Corp [NVTS]: Institutional Ownership
There are presently around $45.88%, or 62.21%% of NVTS stock, in the hands of institutional investors. The top three institutional holders of NVTS stocks are: BLACKROCK INC. with ownership of 9.9 million shares, which is approximately 5.5059%. VANGUARD GROUP INC, holding 9.69 million shares of the stock with an approximate value of $$38.07 million in NVTS stocks shares; and VANGUARD GROUP INC, currently with $$37.25 million in NVTS stock with ownership which is approximately 5.1071%.
