While Navitas Semiconductor Corp has underperformed by -1.18%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NVTS fell by -59.68%, with highs and lows ranging from $8.44 to $2.14, whereas the simple moving average fell by -42.19% in the last 200 days.
On May 13, 2024, Jefferies Downgraded Navitas Semiconductor Corp (NASDAQ: NVTS) to Hold. A report published by Northland Capital on January 16, 2024, Initiated its previous ‘Market Perform’ rating for NVTS. Morgan Stanley also rated NVTS shares as ‘Equal-Weight’, setting a target price of $9.20 on the company’s shares in an initiating report dated August 29, 2023. Rosenblatt Initiated an Buy rating on February 24, 2022, and assigned a price target of $15. Needham initiated its ‘Buy’ rating for NVTS, as published in its report on February 17, 2022. BofA Securities’s report from December 14, 2021 suggests a price prediction of $20 for NVTS shares, giving the stock a ‘Neutral’ rating. Deutsche Bank also rated the stock as ‘Buy’.
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Analysis of Navitas Semiconductor Corp (NVTS)
Further, the quarter-over-quarter increase in sales is 13.32%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Navitas Semiconductor Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -13.24% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.82, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and NVTS is recording an average volume of 2.58M. On a monthly basis, the volatility of the stock is set at 6.95%, whereas on a weekly basis, it is put at 5.50%, with a gain of 4.13% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.45, showing growth from the present price of $2.52, which can serve as yet another indication of whether NVTS is worth investing in or should be passed over.
How Do You Analyze Navitas Semiconductor Corp Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 38.31%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 41.64% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NVTS shares are owned by institutional investors to the tune of 41.64% at present.
