While Navitas Semiconductor Corp has overperformed by 1.89%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NVTS fell by -29.57%, with highs and lows ranging from $11.16 to $4.16, whereas the simple moving average fell by -33.49% in the last 200 days.
On January 16, 2024, Northland Capital started tracking Navitas Semiconductor Corp (NASDAQ: NVTS) recommending Market Perform. A report published by Morgan Stanley on August 29, 2023, Initiated its previous ‘Equal-Weight’ rating for NVTS. Rosenblatt also rated NVTS shares as ‘Buy’, setting a target price of $15 on the company’s shares in an initiating report dated February 24, 2022. Needham Initiated an Buy rating on February 17, 2022, and assigned a price target of $16. BofA Securities initiated its ‘Neutral’ rating for NVTS, as published in its report on December 14, 2021. Deutsche Bank’s report from November 23, 2021 suggests a price prediction of $22 for NVTS shares, giving the stock a ‘Buy’ rating. Jefferies also rated the stock as ‘Buy’.
Analysis of Navitas Semiconductor Corp (NVTS)
Further, the quarter-over-quarter increase in sales is 111.39%, showing a positive 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 -38.18% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.68, 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 3.04M can be a very valuable indicator of volatility for NVTS stock. On a monthly basis, the volatility of the stock is set at 8.43%, whereas on a weekly basis, it is put at 7.26%, with a gain of 13.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.69, showing growth from the present price of $4.86, 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 34.34%. 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 41.60% 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 41.60% at present.
