Microvast Holdings Inc (NASDAQ:MVST) has a beta value of 2.51 and has seen 9.96 million shares traded in the last trading session. The company, currently valued at $392.87M, closed the last trade at $1.21 per share which meant it lost -$0.06 on the day or -4.72% during that session. The MVST stock price is -61.16% off its 52-week high price of $1.95 and 87.6% above the 52-week low of $0.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 22.41 million shares traded. The 3-month trading volume is 27.34 million shares.
The consensus among analysts is that Microvast Holdings Inc (MVST) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.0.
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Microvast Holdings Inc (NASDAQ:MVST) trade information
Sporting -4.72% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MVST stock price touched $1.21 or saw a rise of 14.18%. Year-to-date, Microvast Holdings Inc shares have moved -13.57%, while the 5-day performance has seen it change 4.31%. Over the past 30 days, the shares of Microvast Holdings Inc (NASDAQ:MVST) have changed 55.49%. Short interest in the company has seen 13.53 million shares shorted with days to cover at 0.8.
Wall Street analysts have a consensus price target for the stock at $8, which means that the shares’ value could jump 84.88% from current levels. The projected low price target is $8.0 while the price target rests at a high of $8.0. In that case, then, we find that the current price level is -561.16% off the targeted high while a plunge would see the stock gain -561.16% from current levels.
Microvast Holdings Inc (MVST) estimates and forecasts
Figures show that Microvast Holdings Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 162.19% over the past 6 months, with this year growth rate of -53.85%, compared to 16.30% for the industry. Revenue growth from the last financial year stood is estimated to be 17.06%.
1 analysts offering their estimates for the company have set an average revenue estimate of 92.5M for the current quarter. 1 have an estimated revenue figure of 105.76M for the next ending quarter. Year-ago sales stood 104.58M and 81.35M respectively for this quarter and the next, and analysts expect sales will shrink by -11.54% for the current quarter and 17.06% for the next.
MVST Dividends
Microvast Holdings Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Microvast Holdings Inc (NASDAQ:MVST)’s Major holders
Insiders own 40.43% of the company shares, while shares held by institutions stand at 13.37% with a share float percentage of 22.44%. Investors are also buoyed by the number of investors in a company, with Microvast Holdings Inc having a total of 80.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 9.69 million shares worth more than $4.42 million. As of 2024-06-30, VANGUARD GROUP INC held 3.0729% of shares outstanding.
The other major institutional holder is OWL CREEK ASSET MANAGEMENT, L.P., with the holding of over 6.82 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.11 million and represent 2.1611% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 1.80% shares in the company for having 5.81 shares of worth $7.04 million while later fund manager owns 3.4 shares of worth $4.11 million as of Sep 30, 2024 , which makes it owner of about 1.05% of company’s outstanding stock.
