Navitas Semiconductor Corp (NASDAQ:NVTS) shares, rose in value, with the stock price up by 0.24% to the previous day’s close as strong demand from buyers drove the stock to $4.14.
Actively observing the price movement in the last trading, the stock closed the session at $4.13. Referring to stock’s 52-week performance, its high was $11.16, and the low was $3.54. On the whole, NVTS has fluctuated by -3.50% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 113.18M, with a low estimate of 22.5M and a high estimate of 23M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 22.93M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NVTS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NVTS currently trading nearly -3.84% and -16.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.63, while the 7-day volatility ratio is showing 6.59% which for the 30-day chart, stands at 6.05%. Furthermore, Navitas Semiconductor Corp (NVTS)’s beta value is 2.54, and its average true range (ATR) is 0.29.
A comparison of Navitas Semiconductor Corp (NVTS) with its peers suggests the former has fared considerably weaker in the market. NVTS showed an intraday change of 0.24% in last session, and over the past year, it shrunk by -26.60%%.
Data on historical trading for Navitas Semiconductor Corp (NASDAQ:NVTS) indicates that the trading volumes over the past 3 months, they’ve averaged 3.17 million. According to company’s latest data on outstanding shares, there are 179.20 million shares outstanding.
Nearly 34.19% of Navitas Semiconductor Corp’s shares belong to company insiders and institutional investors own 41.60% of the company’s shares. The stock has fallen by -48.70% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NVTS stock heading into the next quarter.
