Navitas Semiconductor Corp [NASDAQ: NVTS] slipped around -0.33 points on Tuesday, while shares priced at $3.57 at the close of the session, down -8.46%.
Compared to the average trading volume of 5.18M shares, NVTS reached a trading volume of 6215126 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus 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 0.43, with the Price to Sales ratio for NVTS stock in the period of the last 12 months amounting to 7.30. The Price to Book ratio for the last quarter was 1.75, with the Price to Cash per share for the same quarter was set at 0.53.
How has NVTS stock performed recently?
Navitas Semiconductor Corp [NVTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.51. With this latest performance, NVTS shares gained by 29.82% in over the last four-week period, additionally sinking by -10.30% over the last 6 months – not to mention a drop of -55.76% 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 53.40, with the RSI for the last a single of trading hit 50.19, and the three-weeks RSI is set at 54.61 for Navitas Semiconductor Corp [NVTS]. The present Moving Average for the last 50 days of trading for this stock 2.87, while it was recorded at 3.92 for the last single week of trading, and 3.46 for the last 200 days.
Navitas Semiconductor Corp [NVTS]: Deeper insight into the 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 analysis for Navitas Semiconductor Corp [NVTS]
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%.
Insider trade positions for Navitas Semiconductor Corp [NVTS]
There are presently around $42.03%, or 56.65%% 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%.
