10 Most Volatile Stocks Under $3 For Day Trading

8. Navitas Semiconductor Corporation (NASDAQ:NVTS)

Number of Hedge Fund Holders: 13

Navitas Semiconductor Corporation (NASDAQ:NVTS) is a semiconductor company specializing in gallium nitride (GaN) and silicon carbide (SiC) power technologies. Its products enable higher efficiency, faster charging, and smaller designs for applications in consumer electronics, data centers, renewable energy, and electric vehicles. The company’s GaNFast and GeneSiC technologies replace traditional silicon-based power semiconductors, reducing energy loss and improving performance. NVTS serves industries requiring high-power conversion efficiency, including mobile charging, industrial power, and automotive electrification. Revenue is generated through the sale of power ICs, modules, and licensing agreements with global electronics manufacturers.

Navitas Semiconductor Corporation (NASDAQ:NVTS) stands out as the industry’s sole pure-play innovator in next-generation power semiconductors, focusing exclusively on GaN and SiC technologies without the distraction of conventional silicon devices. The company has experienced notable success in the mobile charger segment, with its GaN technology adopted by all major players in smartphones, tablets, and laptops. However, with current adoption at just 10%, there remains substantial room for growth. NVTS is concentrating its efforts on three key markets: AI data centers, onboard chargers for electric vehicles, and mobile charging solutions.

Financially, Navitas Semiconductor Corporation (NASDAQ:NVTS) is in a robust position, boasting a strong balance sheet with $87 million in cash and no debt, while aiming for EBITDA profitability by 2026. Despite challenges such as market headwinds and inventory corrections affecting the early months of 2024, the company predicts a recovery in the latter half of the year, driven by the stabilization of key markets and the realization of design wins. Last year, NVTS secured $450 million in lifetime design wins, which are expected to fuel revenue growth between 2025 and 2027. Additionally, the company’s technological edge is evident in its proprietary GaN power IC integration – protected by 200 patents – and its innovative trench-assisted planar silicon carbide technology, which combines superior performance with ease of manufacturing. With an equity beta of 2.14, NVTS is one of the most volatile stocks under $3 for day trading.