In the last trading session, 6.18 million Microvast Holdings Inc (NASDAQ:MVST) shares changed hands as the company’s beta touched 2.22. With the company’s per share price at $1.95 changed hands at -$0.21 or -9.72% during last session, the market valuation stood at $631.59M. MVST’s last price was a discount, traded about -47.18% off its 52-week high of $2.87. The share price had its 52-week low at $0.15, which suggests the last value was 92.31% up since then.
Analysts gave the Microvast Holdings Inc (MVST) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended MVST as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Microvast Holdings Inc’s EPS for the current quarter is expected to be 0.0.
Microvast Holdings Inc (NASDAQ:MVST) trade information
Instantly MVST was in red as seen at the end of in last trading. With action -4.41%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -5.80%, with the 5-day performance at -4.41% in the red. However, in the 30-day time frame, Microvast Holdings Inc (NASDAQ:MVST) is -6.25% down.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 75.62% from its current market value. According to analyst projections, MVST’s forecast low is 8 with 8 as the target high. To hit the forecast high, the stock’s price needs a -310.26% plunge from its current level, while the stock would need to soar -310.26% for it to hit the projected low.
Microvast Holdings Inc (MVST) estimates and forecasts
Year-over-year growth is forecast to reach 17.06% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 92.5M. 1 analysts are of the opinion that Microvast Holdings Inc’s revenue for the current quarter will be 105.76M. The company’s revenue for the corresponding quarters a year ago was 104.58M and 81.35M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -11.54%. The estimates for the next quarter sales put growth at 30.00%.
The 2025 estimates are for Microvast Holdings Inc earnings to decrease by -103.85%.
Microvast Holdings Inc (NASDAQ:MVST)’s Major holders
OWL CREEK ASSET MANAGEMENT, L.P. holds the second largest percentage of outstanding shares, with 2.1601% or 6.82 million shares worth $3.11 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 5.81 shares estimated at $11.34 million under it, the former controlled 1.80% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.05% of the shares, roughly 3.4 shares worth around $6.62 million.
