Is Navitas Semiconductor Stock a Buy Now?
In April, Navitas Semiconductor's (NASDAQ: NVTS) stock sank to an all-time low of $1.52 per share. That marked a 92% drop from its all-time high of $20.16 in November 2021. The chipmaker's stock plummeted as it broadly missed its own long-term forecasts.
Before Navitas went public by merging with a special purpose acquisition company (SPAC) in October 2021, it claimed its revenue would surge from $12 million in 2020 to $308 million in 2024. But in 2024, the company only generated $83 million in revenue.
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Source Fool.com
