Navitas Semiconductor Corp (NVTS) concluded trading on Tuesday at a closing price of $3.57, with 6.22 million shares of worth about $22.19 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.30% during that period and on December 31, 2024 the price saw a loss of about -8.46%. Currently the company’s common shares owned by public are about 186.79M shares, out of which, 114.11M shares are available for trading.
Stock saw a price change of -7.51% in past 5 days and over the past one month there was a price change of 29.82%. Year-to-date (YTD), NVTS shares are showing a performance of -55.76% which decreased to -55.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.75 but also hit the highest price of $7.92 during that period. The average intraday trading volume for Navitas Semiconductor Corp shares is 5.18 million. The stock is currently trading -2.10% below its 20-day simple moving average (SMA20), while that difference is up 24.43% for SMA50 and it goes to 3.20% higher than SMA200.
Navitas Semiconductor Corp (NASDAQ: NVTS) currently have 186.79M outstanding shares and institutions hold larger chunk of about 37.12% of that.
The stock has a current market capitalization of $610.43M and its 3Y-monthly beta is at 2.20. 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 9.98% while standing at 14.38% 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.
