Microvast Holdings Inc (NASDAQ:MVST) has a beta value of 1.52 and has seen 11.35 million shares traded in the last trading session. The company, currently valued at $156.19M, closed the last trade at $0.49 per share which meant it lost -$0.06 on the day or -10.91% during that session. The MVST stock price is -493.88% off its 52-week high price of $2.91 and -8.16% below the 52-week low of $0.53. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.91 million shares traded. The 3-month trading volume is 4.86 million shares.
Microvast Holdings Inc (NASDAQ:MVST) trade information
Sporting -10.91% in the red in last session, the stock has traded in the red over the last five days, when the MVST stock price touched $0.49 or saw a rise of 46.45%. Year-to-date, Microvast Holdings Inc shares have moved -64.83%, while the 5-day performance has seen it change -41.17%. Over the past 30 days, the shares of Microvast Holdings Inc (NASDAQ:MVST) have changed -34.71%. Short interest in the company has seen 29.97 million shares shorted with days to cover at 7.44.
Microvast Holdings Inc (MVST) estimates and forecasts
Figures show that Microvast Holdings Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -71.70% over the past 6 months, with this year growth rate of 0.00%, compared to 16.40% for the industry. Revenue growth from the last financial year stood is estimated to be 30.20%.
4 analysts offering their estimates for the company have set an average revenue estimate of $74.17 million for the current quarter. 4 have an estimated revenue figure of $89.17 million for the next quarter concluding in Jun 2024.
MVST Dividends
Microvast Holdings Inc is expected to release its next earnings report between March 14 and March 18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Microvast Holdings Inc (NASDAQ:MVST)’s Major holders
Insiders own 28.71% of the company shares, while shares held by institutions stand at 25.67% with a share float percentage of 36.00%. Investors are also buoyed by the number of investors in a company, with Microvast Holdings Inc having a total of 157 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 11.5 million shares worth more than $18.4 million. As of Jun 29, 2023, Vanguard Group Inc held 3.72% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 10.28 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $16.44 million and represent 3.32% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Global X Fds-Global X Autonomous & Electric Vehicles ETF. As of Jun 29, 2023, the former fund manager holds about 1.51% shares in the company for having 4.66 million shares of worth $7.45 million while later fund manager owns 3.29 million shares of worth $6.21 million as of Sep 29, 2023, which makes it owner of about 1.06% of company’s outstanding stock.
