Navitas Semiconductor Corp (NASDAQ:NVTS) currently has a daily average trading volume of 2.49M but it saw 1828465 shares traded in last market. With a market cap of 456.82M USD, the company’s current market price of $2.49 came falling about -4.23 while comparing to the previous closing price of $2.60. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.44 and as low as $2.14. In the recent trading on the day, stock has struck highest price mark of $2.4301 while lowest mark touched by it was $2.635.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Jefferies which downgraded the stock as “Hold” in its note to investors issued on May 13, 2024, recommending a price target of between $10 and $4 for it. Morgan Stanley issued its recommendations for the stock as it initiated the price target for the stock is $9.20.
Over the week, NVTS’s stock price is moving -3.86% down while it is 11.16% when we observe its performance for the past one month. Year-to-date it is -69.14% down and over the past year, the stock is showing a downside performance of -53.72%.
Currently, Navitas Semiconductor Corp’s total number of outstanding shares is 179.20M. Company’s return on investment (ROI) stands at -12.90% and return on equity (ROE) at -13.24%. Stock’s beta reads 2.37. Stock has a price to book (P/B) ratio of 1.18 while price to sale or P/S ratio amounts to 4.98. Its return on asset (ROA) is -10.89% on average.
