During the last session, Microvast Holdings Inc (NASDAQ:MVST)’s traded shares were 8.68 million, with the beta value of the company hitting 2.22. At the end of the trading day, the stock’s price was $1.98, reflecting an intraday gain of 10.61% or $0.19. The 52-week high for the MVST share is $2.87, that puts it down -44.95 from that peak though still a striking 92.42% gain since the share price plummeted to a 52-week low of $0.15. The company’s market capitalization is $641.31M, and the average intraday trading volume over the past 10 days was 6.46 million shares, and the average trade volume was 36.19 million shares over the past three months.
Microvast Holdings Inc (MVST) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. MVST has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.
Microvast Holdings Inc (NASDAQ:MVST) trade information
Microvast Holdings Inc (MVST) registered a 10.61% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 10.61% in intraday trading to $1.98, hitting a weekly high. The stock’s 5-day price performance is 20.00%, and it has moved by -0.50% in 30 days. Based on these gigs, the overall price performance for the year is 96.04%. The short interest in Microvast Holdings Inc (NASDAQ:MVST) is 16.38 million shares and it means that shorts have 1.17 day(s) to cover.
The consensus price target of analysts on Wall Street is $8, which implies an increase of 75.25% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $8 respectively. As a result, MVST is trading at a discount of -304.04% off the target high and -304.04% off the low.
While earnings are projected to return -103.85% in 2025.
MVST Dividends
Microvast Holdings Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 6.82 million shares, is of OWL CREEK ASSET MANAGEMENT, L.P.’s that is approximately 2.1611% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.11 million.
