Why Buy Stock In Microvast Holdings Inc (MVST)?

Microvast Holdings Inc (NASDAQ:MVST) has a beta value of 1.60 and has seen 3.48 million shares traded in the last trading session. The company, currently valued at $130.41M, closed the last trade at $0.41 per share which meant it gained $0.02 on the day or 5.90% during that session. The MVST stock price is -609.76% off its 52-week high price of $2.91 and 21.95% above the 52-week low of $0.32. The 3-month trading volume is 5.26 million shares.

Microvast Holdings Inc (NASDAQ:MVST) trade information

Sporting 5.90% in the green in last session, the stock has traded in the red over the last five days, when the MVST stock price touched $0.41 or saw a rise of 22.42%. Year-to-date, Microvast Holdings Inc shares have moved -70.64%, while the 5-day performance has seen it change -17.75%. Over the past 30 days, the shares of Microvast Holdings Inc (NASDAQ:MVST) have changed -51.14%.

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 -66.02% over the past 6 months, with this year growth rate of 0.00%, compared to 18.70% for the industry. Revenue growth from the last financial year stood is estimated to be 13.90%.

3 analysts offering their estimates for the company have set an average revenue estimate of $67.58 million for the current quarter. 3 have an estimated revenue figure of $77.67 million for the next quarter concluding in Jun 2024.

MVST Dividends

Microvast Holdings Inc is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.