Navitas Semiconductor Corp (NASDAQ:NVTS) price closed lower on Friday, April 12, dropping -1.14% below its previous close.
A look at the daily price movement shows that the last close reads $4.37. The company’s 5Y monthly beta was ticking 2.53. Taking into account the 52-week price action we note that the stock hit a 52-week high of $11.16 and 52-week low of $4.16. The stock subtracted -15.79% on its value in the past month. Navitas Semiconductor Corp, which has a market valuation of $774.36 million, is expected to release its quarterly earnings report May 13, 2024 – May 17, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NVTS a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that NVTS’s price is at present -5.50% off the SMA20 and -18.96% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 37.83, with weekly volatility standing at 4.44%. The indicator jumps to 6.23% when calculated based on the past 30 days. Navitas Semiconductor Corp (NASDAQ:NVTS)’s beta value is holding at 2.53, while the average true range (ATR) indicator is currently reading 0.30.
An analysis of the Navitas Semiconductor Corp (NASDAQ:NVTS) stock in terms of its daily trading volume indicates that the 3-month average is 3.07 million.
Current records show that the company has 179.20M in outstanding shares. The insiders’ percentage holdings are 34.19% of outstanding shares while the percentage share held by institutions stands at 41.60%. But the -46.47% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
