In recent trading session, Microvast Holdings Inc (NASDAQ:MVST) saw 13.12 million shares changing hands at last check today with its beta currently measuring 2.41. Company’s recent per share price level of $1.37 trading at $0.22 or 19.13% at last check today assigns it a market valuation of $441.32M. That most recent trading price of MVST’s stock is at a discount of -42.34% from its 52-week high price of $1.95 and is indicating a premium of 89.05% from its 52-week low price of $0.15. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.86 million shares which gives us an average trading volume of 27.51 million if we extend that period to 3-months.
For Microvast Holdings Inc (MVST), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.0 in the current quarter.
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Microvast Holdings Inc (NASDAQ:MVST) trade information
Upright in the green today for gaining 19.13%, in the last five days MVST remained trading in the green while hitting it’s week-highest on Thursday, 12/19/24 when the stock touched $1.37 price level, adding 6.8% to its value on the day. Microvast Holdings Inc’s shares saw a change of -2.14% in year-to-date performance and have moved 8.73% in past 5-day. Microvast Holdings Inc (NASDAQ:MVST) showed a performance of 119.24% in past 30-days. Number of shares sold short was 13.53 million shares which calculate 0.8 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 8 to the stock, which implies a rise of 82.88% to its recent value today. Analysts have been projecting 8 as a low price target for the stock while placing it at a high target of 8. It follows that stock’s current price would drop -483.94% in reaching the projected high whereas dropping to the targeted low would mean a loss of -483.94% for stock’s current value.
Microvast Holdings Inc (MVST) estimates and forecasts
Statistics highlight that Microvast Holdings Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 215.01% of value to its shares in past 6 months, showing an annual growth rate of -38.46% while that of industry is 17.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 17.06% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 92.5M for the same. And 1 analysts are in estimates of company making revenue of 105.76M in the next quarter. Company posted 104.58M and 81.35M of sales in current and next quarters respectively a year earlier.
Microvast Holdings Inc (NASDAQ:MVST)’s Major holders
Insiders are in possession of 40.43% of company’s total shares while institution are holding 13.37 percent of that, with stock having share float percentage of 22.44%. Investors also watch the number of corporate investors in a company very closely, which is 13.37% institutions for Microvast Holdings Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at MVST for having 9.69 million shares of worth $4.42 million. And as of 2024-06-30, it was holding 3.0729 of the company’s outstanding shares.
The second largest institutional holder is OWL CREEK ASSET MANAGEMENT, L.P., which was holding about 6.82 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.1611 of outstanding shares, having a total worth of $3.11 million.
