Navitas Semiconductor Corp (NVTS) concluded trading on Wednesday at a closing price of $1.79, with 5.12 million shares of worth about $9.16 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -54.91% during that period and on November 13, 2024 the price saw a loss of about -4.79%. Currently the company’s common shares owned by public are about 179.20M shares, out of which, 114.53M shares are available for trading.
Stock saw a price change of -22.17% in past 5 days and over the past one month there was a price change of -28.69%. Year-to-date (YTD), NVTS shares are showing a performance of -77.82% which decreased to -70.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.87 but also hit the highest price of $8.44 during that period. The average intraday trading volume for Navitas Semiconductor Corp shares is 2.62 million. The stock is currently trading -26.20% below its 20-day simple moving average (SMA20), while that difference is down -25.73% for SMA50 and it goes to -53.88% lower than SMA200.
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Navitas Semiconductor Corp (NASDAQ: NVTS) currently have 179.20M outstanding shares and institutions hold larger chunk of about 40.38% of that.
The stock has a current market capitalization of $334.37M and its 3Y-monthly beta is at 2.23. It has posted earnings per share of -$0.43 in the same period. It has Quick Ratio of 4.77 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NVTS, volatility over the week remained 8.12% while standing at 7.32% over the month.
Stock’s fiscal year EPS is expected to drop by -24.74% while it is estimated to increase by 15.71% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on May 13, 2024 offering a Hold rating for the stock and assigned a target price range of between $10 and $4 to it. On August 29, 2023, Morgan Stanley Initiated their recommendations, while on February 24, 2022, Rosenblatt Initiated their ratings for the stock with a price target of $15. Stock get a Buy rating from Needham on February 17, 2022.
