Navitas Semiconductor ( (NVTS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Navitas Semiconductor’s stock experienced a downgrade from Buy to Neutral by Rosenblatt due to concerns that the market is not yet ready for the 800VDC data center architecture. Despite this downgrade, the stock saw a surprising rise of over 16%, reflecting mixed market sentiment. The decrease in implied volatility suggests a more stable outlook, but analysts remain cautious, warning that the stock might be overvalued.
More about Navitas Semiconductor
YTD Price Performance: 389.97%
Average Trading Volume: 36,210,326
Technical Sentiment Signal: Buy
Current Market Cap: $3.64B
For further insights into NVTS stock on TipRanks’ Stock Analysis page.
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