Microvast Holdings Inc (NASDAQ: MVST): A Competitive Analysis And Growth Prospects

In the last trading session, 1.78 million shares of the Microvast Holdings Inc (NASDAQ:MVST) were traded, and its beta was 1.57. Most recently the company’s share price was $0.50, and it changed around $0.01 or 1.44% from the last close, which brings the market valuation of the company to $158.54M. MVST currently trades at a discount to its 52-week high of $2.91, offering almost -482.0% off that amount. The share price’s 52-week low was $0.45, which indicates that the current value has risen by an impressive 10.0% since then. We note from Microvast Holdings Inc’s average daily trading volume that its 3-month average coming to 5.19 million.

Microvast Holdings Inc (NASDAQ:MVST) trade information

Instantly MVST has showed a green trend with a performance of 1.44% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -64.30% year-to-date, but still down -2.95% over the last five days. On the other hand, Microvast Holdings Inc (NASDAQ:MVST) is -31.56% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to increase their stock price by 93.75% from its current value. Analyst projections state that MVST is forecast to be at a low of $8 and a high of $8.

Microvast Holdings Inc (MVST) estimates and forecasts

Microvast Holdings Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -68.96 percent over the past six months and at a 0.00% annual growth rate that is well below the industry average of 18.30%.