Currently, there are 191.76M common shares owned by the public and among those 117.97M shares have been available to trade.
The company’s stock has a 5-day price change of 0.99% and 109.02% over the past three months. NVTS shares are trading 42.86% year to date (YTD), with the 12-month market performance up to 40.50% higher. It has a 12-month low price of $1.52 and touched a high of $7.53 over the same period. NVTS has an average intraday trading volume of 18.42 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 68.07%, 115.34%, and 88.29% respectively.
Institutional ownership of Navitas Semiconductor Corp (NASDAQ: NVTS) shares accounts for 32.65% of the company’s 191.76M shares outstanding.
It has a market capitalization of $978.22M and a beta (3y monthly) value of 3.03. The earnings-per-share (ttm) stands at -$0.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 23.73% over the week and 24.21% over the month.
Earnings per share for the fiscal year are expected to increase by 21.58%, and 46.57% over the next financial year. EPS should grow at an annualized rate of 44.97% over the next five years, compared to 6.32% over the past 5-year period.
Looking at the support for the NVTS, a number of firms have released research notes about the stock. Morgan Stanley stated their Underweight rating for the stock in a research note on April 07, 2025, with the firm’s price target at $1.50. Jefferies coverage for the Navitas Semiconductor Corp (NVTS) stock in a research note released on May 13, 2024 offered a Hold rating with a price target of $4. Northland Capital was of a view on January 16, 2024 that the stock is Market Perform, while Morgan Stanley gave the stock Equal-Weight rating on August 29, 2023, issuing a price target of $9.20. Rosenblatt on their part issued Buy rating on February 24, 2022.
