In recent trading session, Microvast Holdings Inc (NASDAQ:MVST) saw 0.58 million shares changing hands at last check today with its beta currently measuring 1.71. Company’s recent per share price level of $0.28 trading at $0.01 or 2.78% at last check today assigns it a market valuation of $87.94M. That most recent trading price of MVST’s stock is at a discount of -596.43% from its 52-week high price of $1.95 and is indicating a premium of 35.71% from its 52-week low price of $0.18. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.04 million shares which gives us an average trading volume of 2.63 million if we extend that period to 3-months.
For Microvast Holdings Inc (MVST), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.06 in the current quarter.
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Microvast Holdings Inc (NASDAQ:MVST) trade information
Upright in the green today for gaining 2.78%, in the last five days MVST remained trading in the red while hitting it’s week-highest on Friday, 09/20/24 when the stock touched $0.28 price level, adding 11.17% to its value on the day. Microvast Holdings Inc’s shares saw a change of -80.18% in year-to-date performance and have moved -10.51% in past 5-day. Microvast Holdings Inc (NASDAQ:MVST) showed a performance of -7.19% in past 30-days. Number of shares sold short was 13.29 million shares which calculate 6.35 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 8 to the stock, which implies a rise of 96.5% to its recent value today. Analysts have been projecting 8 as a low price target for the stock while placing it at a high target of 8. It follows that stock’s current price would drop -2757.14% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2757.14% for stock’s current value.
Microvast Holdings Inc (MVST) estimates and forecasts
This year revenue growth is estimated to rise 25.60% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 99.7M for the same. And 2 analysts are in estimates of company making revenue of 111.66M in the next quarter. Company posted 80.12M and 104.58M of sales in current and next quarters respectively a year earlier.
Microvast Holdings Inc (NASDAQ:MVST)’s Major holders
Insiders are in possession of 42.22% of company’s total shares while institution are holding 18.34 percent of that, with stock having share float percentage of 31.74%. Investors also watch the number of corporate investors in a company very closely, which is 18.34% institutions for Microvast Holdings Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at MVST for having 9.69 million shares of worth $4.42 million. And as of 2024-06-30, it was holding 3.0729 of the company’s outstanding shares.
The second largest institutional holder is OWL CREEK ASSET MANAGEMENT, L.P., which was holding about 6.82 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.1611 of outstanding shares, having a total worth of $3.11 million.
