Movella Holdings Inc (NASDAQ:MVLA) has a beta value of 0.47 and has seen 5.44 million shares traded in the last trading session. The company, currently valued at $14.91M, closed the last trade at $0.29 per share which meant it gained $0.02 on the day or 8.44% during that session. The MVLA stock price is -968.97% off its 52-week high price of $3.10 and 20.69% above the 52-week low of $0.23. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.9 million shares traded. The 3-month trading volume is 491.42K shares.
Movella Holdings Inc (NASDAQ:MVLA) trade information
Sporting 8.44% in the green in last session, the stock has traded in the green over the last five days, when the MVLA stock price touched $0.29 or saw a rise of 20.72%. Year-to-date, Movella Holdings Inc shares have moved -51.60%, while the 5-day performance has seen it change 8.44%. Over the past 30 days, the shares of Movella Holdings Inc (NASDAQ:MVLA) have changed -9.91%. Short interest in the company has seen 51800.0 shares shorted with days to cover at 0.09.
Movella Holdings Inc (MVLA) estimates and forecasts
The company’s shares have lost -53.08% over the past 6 months, compared to 19.80% for the industry.
3 analysts offering their estimates for the company have set an average revenue estimate of $8.62 million for the current quarter. 3 have an estimated revenue figure of $9.63 million for the next quarter concluding in Dec 2023.
MVLA Dividends
Movella Holdings Inc is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Movella Holdings Inc (NASDAQ:MVLA)’s Major holders
Insiders own 18.03% of the company shares, while shares held by institutions stand at 42.86% with a share float percentage of 52.29%. Investors are also buoyed by the number of investors in a company, with Movella Holdings Inc having a total of 28 institutions that hold shares in the company. The top two institutional holders are Francisco Partners Management, LP with over 8.5 million shares worth more than $18.11 million. As of Jun 29, 2023, Francisco Partners Management, LP held 16.70% of shares outstanding.
The other major institutional holder is KPCB XIII Associates, LLC, with the holding of over 5.19 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $11.05 million and represent 10.19% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Fidelity NASDAQ Composite Index ETF. As of Jun 29, 2023, the former fund manager holds about 1.20% shares in the company for having 0.61 million shares of worth $1.3 million while later fund manager owns 75682.0 shares of worth $40588.0 as of Sep 29, 2023, which makes it owner of about 0.15% of company’s outstanding stock.
