Navitas Semiconductor Corp. (NASDAQ:NVTS) is one of the 10 Stocks Reeling From Huge Losses.
Navitas fell by 17.38 percent on Tuesday to close at $15.12 apiece, as investors resorted to profit-taking after more than doubling its share prices this month.
On Monday, the stock climbed to an over four-year high of $19.79, marking a 126-percent surge in just the first 28 days of April, which investors took as an opportunity to book profits on Tuesday.
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Navitas Semiconductor Corp. (NASDAQ:NVTS) is scheduled to report its financial and operating highlights for the first quarter of the year after market close on May 5, 2026. A conference call will follow to elaborate on the results.
For the period, the company is targeting to report revenues of $8 million to $8.5 million, or a 39 to 43 percent decline from the $14 million registered in the same period last year.
Despite the decrease, investors remained confident about the rosy prospects for the company amid the continued surge in prices and demand for semiconductors.
Investors are also expected to watch for its business outlook for the second quarter of the year.
In other news, Navitas Semiconductor Corp. (NASDAQ:NVTS) recently welcomed ex-Broadcom executive, Gregory Fischer, to its board of directors. He is tasked to serve on the company’s compensation and executive steering committees.
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