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Navitas Semiconductor ( (NVTS) ) has provided an announcement.
Navitas Semiconductor Corporation completed the sale of shares of its Class A common stock under its at-the-market offering program, raising $50 million. This follows a previous $50 million sale under a similar program. The proceeds are intended for working capital, general corporate purposes, and potential acquisitions, though no specific agreements are currently in place.
The most recent analyst rating on (NVTS) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Navitas Semiconductor stock, see the NVTS Stock Forecast page.
Spark’s Take on NVTS Stock
According to Spark, TipRanks’ AI Analyst, NVTS is a Neutral.
The overall stock score of 59 is primarily impacted by financial performance struggles, such as negative income and cash flow metrics, and valuation concerns with a negative P/E ratio. However, technical indicators suggest some positive momentum, and strategic corporate events signal potential for long-term growth. Earnings call highlights technological advancements, but immediate financial challenges remain.
To see Spark’s full report on NVTS stock, click here.
More about Navitas Semiconductor
Average Trading Volume: 37,908,406
Technical Sentiment Signal: Buy
Current Market Cap: $1.2B
Find detailed analytics on NVTS stock on TipRanks’ Stock Analysis page.