To The Moon

$Navitas Semiconductor Corp(NVTS)$  the industry leader in next-generation power semiconductors, today announced unaudited financial results for the second quarter ended June 30, 2020.   Revenue up 110% from prior year, and up 35% from prior quarter. Customer pipeline increased 30% to over $1 billion, with growth across all markets. Cumulative shipments now exceed 100 million GaN and 12 million SiC devices. Business Outlook Third-quarter 2023 net revenues are expected to increase to $21 million plus or minus 2%. Given expected continued strength in the lower-margin mobile market, gross margin for the third quarter is expected to be relatively flat compared to the second quarter of 2023. Operating expenses, excluding stock-based comp

$Navitas Semiconductor Corp(NVTS)$ is scheduled to announce its earnings results on Monday, August 14th. Analysts expect the company to report earnings of ($0.07) per share for the quarter. In its previous quarterly earnings report, Navitas Semiconductor reported earnings per share of ($0.07), beating analysts’ consensus estimates by $0.01. The company also generated $13.36 million in revenue for the quarter, surpassing analyst estimates of $12.34 million. However, Navitas Semiconductor had a negative net margin of 150.19% and a negative return on equity of 22.72%. Will the upcoming results be favourable and drive the share price up 🚀? 

🚀  Hopefully, the good news turns out to be true. 

$Navitas Semiconductor Corp(NVTS)$  investors had a lot to be excited about last week, with Q1 2023 revenue literally doubling year over year, order backlog up 50%, and management targeting another double in revenue in the second quarter. 🔥 However, $Navitas Semiconductor Corp(NVTS)$  announced the pricing of its previously announced underwritten public offering of 10,000,000 shares of its Class A common stock at a price to the public of $8.00 per share. All of the shares in the offering are being offered by Navitas. The gross proceeds to Navitas from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be $80.0 million. Where to from

$Navitas Semiconductor Corp(NVTS)$   On May 16, 2023, Navitas Semiconductor (NASDAQ:NVTS) received a Buy rating from Deutsche Bank analyst Ross Seymore, who also increased the price target from $8 to $9. Seymore’s positive outlook on the company’s performance and future prospects influenced this decision. The current average price target for Navitas Semiconductor is $9.00, with a high rating from analysts. [Miser]  Over the last years, five analysts have rated Navitas Semiconductor stock as a Moderate Buy, based on the current market conditions. https://beststocks.com/navitas-semiconductor-receives-buy-rating-fro/ Where do you think $Navitas Semiconductor Corp(NVTS)$  will get to?

$Navitas Semiconductor Corp(NVTS)$  🚀 * Doubling of revenue from prior year with expanding gross margins * Strong growth in all target markets with 50% backlog growth in the quarter * Acquisitions performing well, contributing to diversified and synergistic growth TORRANCE, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), the industry leader in next-generation power semiconductors, today announced unaudited financial results for the first quarter ended March 31, 2023. Net revenues for the first quarter of 2023 increased to $13.4 million, approximately double from the first quarter of 2022 and up 8% from the fourth quarter of 2022. GAAP and non-GAAP gross margin for the first quarter of 2023 increased

$Lucid Group Inc(LCID)$  setting new standards with the longest-range, fastest-charging electric car on the market, today announced that the Lucid Air was named the 2023 World Luxury Car of the Year in the prestigious 2023 World Car Awards. https://www.prnewswire.com/news-releases/lucid-air-wins-2023-world-luxury-car-of-the-year-301791054.html Hopefully, they can sort out their production problems 🤞

Interested to see how the share price will be impacted. 

See how the market reacts on Wed when the interest rate increases 

‌$Genius Group Limited(GNS)$  ‌is taking off. Does the recent news substatiate the price increase? Genius announced earlier Thursday that its lawyers have found evidence that certain individuals and/or companies appear to have sold but not delivered a "significant" number of the company's shares "as part of a market manipulation scheme seeking to artificially depress the price of the company’s ordinary shares." It added that it was working with government regulators on the matter. https://seekingalpha.com/news/3925991-genius-group-unveils-plan-to-battle-stock-manipulation-shares-soar