In the last trading session, 1.38 million shares of the Microvast Holdings Inc (NASDAQ:MVST) were traded, and its beta was 1.70. Most recently the company’s share price was $0.20, and it changed around -$0.01 or -3.65% from the last close, which brings the market valuation of the company to $64.49M. MVST currently trades at a discount to its 52-week high of $1.55, offering almost -675.0% off that amount. The share price’s 52-week low was $0.18, 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 10-day average is 1.24 million shares, with the 3-month average coming to 1.99 million.
Microvast Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended MVST as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Microvast Holdings Inc is expected to report earnings per share of 0 for the current quarter.
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Microvast Holdings Inc (NASDAQ:MVST) trade information
Instantly MVST has showed a red trend with a performance of -3.65% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.2232 on recent trading dayincreased the stock’s daily price by 10.39%. The company’s shares are currently down -85.46% year-to-date, but still down -7.50% over the last five days. On the other hand, Microvast Holdings Inc (NASDAQ:MVST) is -18.44% down in the 30-day period. We can see from the shorts that 13.46 million shares have been sold at a short interest cover period of 5.45 day(s).
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to increase their stock price by 97.5% 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 -48.07 percent over the past six months and at a 15.38% annual growth rate that is well below the industry average of 18.80%. The year-over-year growth rate is expected to be 25.60%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 99.7M in revenue for the current quarter. 2 analysts expect Microvast Holdings Inc to make 111.66M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 80.12M and 104.58M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 24.40%. Forecasts for the next quarter put sales growth at 6.80%.
MVST Dividends
Microvast Holdings Inc’s next quarterly earnings report is expected to be released in November.
Microvast Holdings Inc (NASDAQ:MVST)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 40.93% of Microvast Holdings Inc shares, and 17.81% of them are in the hands of institutional investors. The stock currently has a share float of 30.15%. Microvast Holdings Inc stock is held by 107.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 3.0729% of the shares, which is about 9.69 million shares worth $4.42 million.
OWL CREEK ASSET MANAGEMENT, L.P., with 2.1611% or 6.82 million shares worth $3.11 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
