Nvts stock price forecast the nvts stock price forecast is

The nvts stock price forecast is attracting strong interest ahead of Q2 earnings, with analysts projecting a possible range between $14.20 and $15. Navitas Semiconductor Corp ( NASDAQ:NVTS ) is set to release its Q3 2024 earnings on Nov 4, 2024. The consensus estimate for Q3 2024 revenue is $21.93 million, and the earnings are expected to come in at -$0.15 per share. The full year 2024's revenue is expected to be $89.78 million and the earnings are expected to be -$0.45 per share. More detailed estimate data can be found on the Forecast page . The earnings reflect a company in transition, shifting focus from its established mobile charger market to the higher-growth AI data center and energy infrastructure sectors. This pivot is supported by three critical developments: a collaboration with NVIDIA for next-generation 800V data centers, a $100 million capital raise through issuing approximately 20 million shares, and a new partnership with Powerchip for lower-cost 8-inch GaN manufacturing. For nvts stock price forecast, traders are eyeing $15 resistance after a strong 7% rebound over the past month. Technical charts show an upward momentum supported by moving averages crossing above key thresholds.