Navitas Semiconductor Corp's stock surged 9.19% during Friday's trading session, extending its recent recovery momentum.

The sharp rise comes as the stock continues its technical oversold rebound for a third consecutive session following a multi-day selloff. The earlier decline was driven by negative catalysts including a first-quarter earnings report that showed a widening loss per share and declining gross margin, as well as concerns about equity dilution from a planned stock offering.

With these bearish factors now largely priced into the stock, technical buying demand has supported the recovery, pushing shares higher from recent lows.