During the last session, Microvast Holdings Inc (NASDAQ:MVST)’s traded shares were 10.64 million, with the beta value of the company hitting 2.08. At the end of the trading day, the stock’s price was $0.58, reflecting an intraday loss of -7.19% or -$0.04. The 52-week high for the MVST share is $1.55, that puts it down -167.24 from that peak though still a striking 74.14% gain since the share price plummeted to a 52-week low of $0.15. The company’s market capitalization is $186.84M, and the average intraday trading volume over the past 10 days was 137.08 million shares, and the average trade volume was 22.85 million shares over the past three months.
Microvast Holdings Inc (MVST) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. MVST has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.0.
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Microvast Holdings Inc (NASDAQ:MVST) trade information
Microvast Holdings Inc (MVST) registered a -7.19% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -7.19% in intraday trading to $0.58, hitting a weekly high. The stock’s 5-day price performance is -27.05%, and it has moved by 163.64% in 30 days. Based on these gigs, the overall price performance for the year is -55.38%. The short interest in Microvast Holdings Inc (NASDAQ:MVST) is 13.95 million shares and it means that shorts have 10.26 day(s) to cover.
The consensus price target of analysts on Wall Street is $8, which implies an increase of 92.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $8 respectively. As a result, MVST is trading at a discount of -1279.31% off the target high and -1279.31% off the low.
Microvast Holdings Inc (MVST) estimates and forecasts
Statistics show that Microvast Holdings Inc has underperformed its competitors in share price, compared to the industry in which it operates. Microvast Holdings Inc (MVST) shares have gone up 47.02% during the last six months, with a year-to-date growth rate less than the industry average at -53.85% against 19.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 100.00% this quarter and then jump 125.00% in the quarter after that. In the rating firms’ projections, revenue will increase 17.06% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 92.5M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 105.76M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 104.58M and 81.35M respectively. In this case, analysts expect current quarter sales to shrink by -11.54% and then jump by 30.00% in the coming quarter.
While earnings are projected to return -103.85% in 2024.
MVST Dividends
Microvast Holdings Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Microvast Holdings Inc (NASDAQ:MVST)’s Major holders
Microvast Holdings Inc insiders own 40.05% of total outstanding shares while institutional holders control 13.41%, with the float percentage being 22.36%. VANGUARD GROUP INC is the largest shareholder of the company, while 81.0 institutions own stock in it. As of 2024-06-30, the company held over 9.69 million shares (or 3.0729% of all shares), a total value of $4.42 million in shares.
The next largest institutional holding, with 6.82 million shares, is of OWL CREEK ASSET MANAGEMENT, L.P.’s that is approximately 2.1611% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.11 million.
