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Navitas Semiconductor (NVTS) Soars 10.8%: Is Further Upside Left in the Stock?
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Navitas Semiconductor Corporation (NVTS - Free Report) shares ended the last trading session 10.8% higher at $8.09. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 252.7% gain over the past four weeks.
Navitas Semiconductor's GaN and SiC power solutions are gaining strong momentum in all key areas, with AI data centers emerging as the primary growth engine as multiple customers enter production.
This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +28.6%. Revenues are expected to be $14.52 million, down 29.1% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Navitas Semiconductor, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on NVTS going forward to see if this recent jump can turn into more strength down the road.
Navitas Semiconductor is part of the Zacks Electronics - Semiconductors industry. Lattice Semiconductor (LSCC - Free Report) , another stock in the same industry, closed the last trading session 2.4% higher at $51.26. LSCC has returned -10.6% in the past month.
Lattice's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.24. Compared to the company's year-ago EPS, this represents a change of +4.4%. Lattice currently boasts a Zacks Rank of #4 (Sell).
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Navitas Semiconductor (NVTS) Soars 10.8%: Is Further Upside Left in the Stock?
Navitas Semiconductor Corporation (NVTS - Free Report) shares ended the last trading session 10.8% higher at $8.09. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 252.7% gain over the past four weeks.
Navitas Semiconductor's GaN and SiC power solutions are gaining strong momentum in all key areas, with AI data centers emerging as the primary growth engine as multiple customers enter production.
This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +28.6%. Revenues are expected to be $14.52 million, down 29.1% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Navitas Semiconductor, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on NVTS going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Navitas Semiconductor is part of the Zacks Electronics - Semiconductors industry. Lattice Semiconductor (LSCC - Free Report) , another stock in the same industry, closed the last trading session 2.4% higher at $51.26. LSCC has returned -10.6% in the past month.
Lattice's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.24. Compared to the company's year-ago EPS, this represents a change of +4.4%. Lattice currently boasts a Zacks Rank of #4 (Sell).