In the latest trading session, 2.7 million Movella Holdings Inc (NASDAQ:MVLA) shares changed hands as the company’s beta touched 0.34. With the company’s most recent per share price at $0.10 changed hands at -$0.02 or -15.73% at last look, the market valuation stands at $5.32M. MVLA’s current price is a discount, trading about -3000.0% off its 52-week high of $3.10. The share price had its 52-week low at $0.10. When we look at Movella Holdings Inc’s average trading volume, we note the 10-day average is 4.8 million shares, with the 3-month average coming to 1.13 million.
Movella Holdings Inc (NASDAQ:MVLA) trade information
Instantly MVLA was in red as seen in intraday trades today. With action -61.30%, the performance over the past five days has been red. The drop to weekly highs of 0.3658 subtracted -15.73% to the stock’s daily price. The company’s shares are showing year-to-date downside of -82.73%, with the 5-day performance at -61.30% in the red. However, in the 30-day time frame, Movella Holdings Inc (NASDAQ:MVLA) is -66.29% down. Looking at the short shares, we see there were 51800.0 shares sold at short interest cover period of 0.09 days.
Movella Holdings Inc (MVLA) estimates and forecasts
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $8.64 million. 2 analysts are of the opinion that Movella Holdings Inc’s revenue for the quarter ending Dec 2023 will be $9.45 million.
Movella Holdings Inc (NASDAQ:MVLA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 18.03% of Movella Holdings Inc shares while 42.86% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 52.29%. There are 42.86% institutions holding the Movella Holdings Inc stock share, with Francisco Partners Management, LP the top institutional holder. As of Dec 30, 2023, the company held 16.70% of the shares, roughly 8.5 million MVLA shares worth $0.9 million.
KPCB XIII Associates, LLC holds the second largest percentage of outstanding shares, with 10.19% or 5.19 million shares worth $0.55 million as of Sep 29, 2023.
Among Mutual Funds, the top two as of Nov 29, 2023 were Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund and Vanguard Extended Market Index Fund. With 1.62 million shares estimated at $0.17 million under it, the former controlled 3.19% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.16% of the shares, roughly 0.59 million shares worth around $62053.0.
