Microvast Holdings Inc (NASDAQ:MVST) has a beta value of 2.55 and has seen 1.01 million shares traded in the recent trading session. The company, currently valued at $361.14M, closed the recent trade at $1.12 per share which meant it lost -$0.03 on the day or -3.04% during that session. The MVST stock price is -156.25% off its 52-week high price of $2.87 and 86.61% 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 3.87 million shares traded. The 3-month trading volume is 8.27 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 -3.04% in the red today, 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 $1.12 or saw a rise of 15.79%. Year-to-date, Microvast Holdings Inc shares have moved -46.14%, while the 5-day performance has seen it change -12.20%. Over the past 30 days, the shares of Microvast Holdings Inc (NASDAQ:MVST) have changed -31.60%. Short interest in the company has seen 21.91 million shares shorted with days to cover at 4.68.
Wall Street analysts have a consensus price target for the stock at $8, which means that the shares’ value could jump 86.0% from the levels at last check today.. 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 latest price level in today’s session is -614.29% off the targeted high while a plunge would see the stock gain -614.29% from the levels at last check today..
Microvast Holdings Inc (MVST) estimates and forecasts
The company’s shares have gained 303.99% over the past 6 months.
MVST Dividends
Microvast Holdings Inc is expected to release its next earnings report on 2024-Nov-11 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 40.56% of the company shares, while shares held by institutions stand at 13.07% with a share float percentage of 21.98%. Investors are also buoyed by the number of investors in a company, with Microvast Holdings Inc having a total of 83.0 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 2.1601% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . As of Dec 31, 2024 , the former fund manager holds about 1.80% shares in the company for having 5.81 shares of worth $6.6 million while later fund manager owns 2.76 shares of worth $3.13 million as of Dec 31, 2024 , which makes it owner of about 0.85% of company’s outstanding stock.
