Microvast Holdings Inc (NASDAQ:MVST)’s traded shares stood at 21.6 million during the last session, with the company’s beta value hitting 2.54. At the close of trading, the stock’s price was $1.18, to imply a decrease of -8.53% or -$0.11 in intraday trading. The MVST share’s 52-week high remains $1.95, putting it -65.25% down since that peak but still an impressive 87.29% since price per share fell to its 52-week low of $0.15. The company has a valuation of $380.11M, with an average of 21.72 million shares in intraday trading volume over the past 10 days and average of 26.36 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 0.0.
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Microvast Holdings Inc (NASDAQ:MVST) trade information
After registering a -8.53% downside in the last session, Microvast Holdings Inc (MVST) has traded red over the past five days. The 5-day price performance for the stock is 39.74%, and 514.90% over 30 days. With these gigs, the year-to-date price performance is -15.71%. Short interest in Microvast Holdings Inc (NASDAQ:MVST) saw shorts transact 24.11 million shares and set a 2.1 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 -577.97% off suggested target high and -577.97% 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 221.53% up over the last 6 months, with its year-to-date growth rate lower than industry average at -53.85% against 16.50%. The rating firms project that company’s revenue will grow 17.06% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 92.5M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 105.76M.Earnings reports from the last fiscal year show that sales brought in 104.58M and 81.35M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -11.54% before jumping 30.00% in the following quarter.
MVST Dividends
Microvast Holdings Inc has its next earnings report out in January. 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 40.28% of total outstanding shares, with institutional holders owning 13.40% of the shares at 22.44% float percentage. In total, 13.40% 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.
