While Navitas Semiconductor Corp has overperformed by 14.88%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NVTS fell by -61.50%, with highs and lows ranging from $8.44 to $1.75, whereas the simple moving average fell by -25.42% 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 decrease in sales is -1.35%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Navitas Semiconductor Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -19.72% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.77, 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.
An average volume of 2.80M can be a very valuable indicator of volatility for NVTS stock. On a monthly basis, the volatility of the stock is set at 8.87%, whereas on a weekly basis, it is put at 11.05%, with a gain of 56.18% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.81, showing growth from the present price of $2.78, 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?
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 38.69%. 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 37.10% 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 37.10% at present.
