In today’s recent session, 8.06 million shares of the Microvast Holdings Inc (NASDAQ:MVST) have been traded, and its beta is 2.54. Most recently the company’s share price was $1.18, and it changed around -$0.06 or -4.85% from the last close, which brings the market valuation of the company to $399.41M. MVST at last check was trading at a discount to its 52-week high of $1.95, offering almost -65.25% off that amount. The share price’s 52-week low was $0.15, which indicates that the recent value has risen by an impressive 87.29% since then. We note from Microvast Holdings Inc’s average daily trading volume that its 10-day average is 23.24 million shares, with the 3-month average coming to 26.87 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 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended MVST as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Microvast Holdings Inc is expected to report earnings per share of 0.0 for the current quarter.
Microvast Holdings Inc (NASDAQ:MVST) trade information
Instantly MVST has been showing red trend so far today with a performance of -4.85% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.9500 on recent trading dayincreased the stock’s daily price by 39.49%. The company’s shares are currently down -15.72% year-to-date, but still up 11.31% over the last five days. On the other hand, Microvast Holdings Inc (NASDAQ:MVST) is 634.68% up in the 30-day period. We can see from the shorts that 24.11 million shares have been sold at a short interest cover period of 2.1 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 85.25% 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 risen 195.79 percent over the past six months and at a -53.85% annual growth rate that is well below the industry average of 16.50%. The year-over-year growth rate is expected to be 17.06%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 92.5M in revenue for the current quarter. 1 analysts expect Microvast Holdings Inc to make 105.76M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 104.58M and 81.35M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -11.54%. Forecasts for the next quarter put sales growth at 30.00%.
MVST Dividends
Microvast Holdings Inc’s next quarterly earnings report is expected to be released in January.
Microvast Holdings Inc (NASDAQ:MVST)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 40.28% of Microvast Holdings Inc shares, and 13.40% of them are in the hands of institutional investors. The stock currently has a share float of 22.44%. Microvast Holdings Inc stock is held by 81.0 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.
