Within its last year performance, NVTS fell by -48.29%, with highs and lows ranging from $8.44 to $1.75, whereas the simple moving average jumped by 4.87% 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.
One of the most important indicators of Navitas Semiconductor Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. 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.
For any stock, average volume can also provide valuable insight into volatility, and NVTS is recording 3.45M average volume. On a monthly basis, the volatility of the stock is set at 11.15%, whereas on a weekly basis, it is put at 15.72%, with a gain of 37.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.81, showing growth from the present price of $3.77, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 39.57%. 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 37.12% 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 37.12% at present.
