Microvast Holdings Inc (NASDAQ:MVST) has a beta value of 2.14 and has seen 11.89 million shares traded in the last trading session. The company, currently valued at $709.19M, closed the last trade at $2.22 per share which meant it lost -$0.17 on the day or -7.11% during that session. The MVST stock price is -28.83% off its 52-week high price of $2.86 and 93.24% 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 23.84 million shares traded. The 3-month trading volume is 31.37 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.
Microvast Holdings Inc (NASDAQ:MVST) trade information
Sporting -7.11% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the MVST stock price touched $2.22 or saw a rise of 22.38%. Year-to-date, Microvast Holdings Inc shares have moved 7.25%, while the 5-day performance has seen it change -9.39%. Over the past 30 days, the shares of Microvast Holdings Inc (NASDAQ:MVST) have changed 72.09%. Short interest in the company has seen 17.96 million shares shorted with days to cover at 0.7.
Wall Street analysts have a consensus price target for the stock at $8, which means that the shares’ value could jump 72.25% 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 -260.36% off the targeted high while a plunge would see the stock gain -260.36% 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 423.09% over the past 6 months, with this year growth rate of -38.46%, compared to 16.50% for the industry.
MVST Dividends
Microvast Holdings Inc is expected to release its next earnings report in February 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 40.42% of the company shares, while shares held by institutions stand at 13.33% with a share float percentage of 22.38%. Investors are also buoyed by the number of investors in a company, with Microvast Holdings Inc having a total of 78.0 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.
