Microvast Holdings Inc (NASDAQ:MVST)’s traded shares stood at 1.79 million during the latest session, with the company’s beta value hitting 1.76. At the last check today, the stock’s price was $0.19, to imply an increase of 6.39% or $0.01 in intraday trading. The MVST share’s 52-week high remains $2.30, putting it -1110.53% down since that peak but still an impressive 5.26% since price per share fell to its 52-week low of $0.18. The company has a valuation of $60.72M, with an average of 2.46 million shares in intraday trading volume over the past 10 days and average of 2.38 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Microvast Holdings Inc (MVST), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give MVST a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.06.
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Microvast Holdings Inc (NASDAQ:MVST) trade information
After registering a 6.39% upside in the latest session, Microvast Holdings Inc (MVST) has traded red over the past five days. The 5-day price performance for the stock is -29.35%, and -39.92% over 30 days. With these gigs, the year-to-date price performance is -86.31%. Short interest in Microvast Holdings Inc (NASDAQ:MVST) saw shorts transact 14.1 million shares and set a 10.36 days time to cover.
The extremes give us $8 and $8 for target low and target high price respectively. As such, MVST has been trading -4110.53% off suggested target high and -4110.53% from its likely low.
Microvast Holdings Inc (MVST) estimates and forecasts
Looking at statistics comparing Microvast Holdings Inc share performance against respective industry, we note that the company has underperformed competitors. Microvast Holdings Inc (MVST) shares are -70.45% down over the last 6 months, with its year-to-date growth rate lower than industry average at 15.38% against 17.80%. Revenue is forecast to grow 25.00% this quarter before jumping 25.00% for the next one. The rating firms project that company’s revenue will grow 25.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 99.7M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 111.66M.Earnings reports from the last fiscal year show that sales brought in 80.12M and 104.58M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 24.40% before jumping 6.80% in the following quarter.
MVST Dividends
Microvast Holdings Inc has its next earnings report out on 2024-Nov-07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Microvast Holdings Inc (NASDAQ:MVST)’s Major holders
Microvast Holdings Inc insiders hold 42.22% of total outstanding shares, with institutional holders owning 18.34% of the shares at 31.74% float percentage. In total, 18.34% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 9.69 million shares (or 3.0729% of shares), all amounting to roughly $4.42 million.
The next major institution holding the largest number of shares is OWL CREEK ASSET MANAGEMENT, L.P. with 6.82 million shares, or about 2.1611% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.11 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Microvast Holdings Inc (MVST) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 5.81 shares. This is just over 1.84% of the total shares, with a market valuation of $1.1 million. Data from the same date shows that the other fund manager holds a little less at 3.4, or 1.07% of the shares, all valued at about 0.64 million.
