During the recent session, Microvast Holdings Inc (NASDAQ:MVST)’s traded shares were 0.55 million, with the beta value of the company hitting 2.52. At the last check today, the stock’s price was $1.70, reflecting an intraday gain of 2.76% or $0.05. The 52-week high for the MVST share is $2.87, that puts it down -68.82 from that peak though still a striking 91.18% gain since the share price plummeted to a 52-week low of $0.15. The company’s market capitalization is $551.40M, and the average intraday trading volume over the past 10 days was 7.06 million shares, and the average trade volume was 6.78 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.0.
Microvast Holdings Inc (NASDAQ:MVST) trade information
Microvast Holdings Inc (MVST) registered a 2.76% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.76% in intraday trading to $1.70, hitting a weekly high. The stock’s 5-day price performance is 2.14%, and it has moved by 33.50% in 30 days. Based on these gigs, the overall price performance for the year is 219.91%. The short interest in Microvast Holdings Inc (NASDAQ:MVST) is 23.03 million shares and it means that shorts have 6.03 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.59, which implies a decrease of -6.92% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.59 and $1.59 respectively. As a result, MVST is trading at a premium of 6.47% off the target high and 6.47% off the low.
Microvast Holdings Inc (MVST) estimates and forecasts
In the rating firms’ projections, revenue will increase 22.02% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 104M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 110.92M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 81.35M and 83.67M respectively. In this case, analysts expect current quarter sales to grow by 27.84% and then jump by 32.56% in the coming quarter.
While earnings are projected to return 107.41% in 2025.
MVST Dividends
Microvast Holdings Inc is due to release its next quarterly earnings on 2025-Mar-30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Microvast Holdings Inc (NASDAQ:MVST)’s Major holders
Microvast Holdings Inc insiders own 40.38% of total outstanding shares while institutional holders control 12.99%, with the float percentage being 21.79%. VANGUARD GROUP INC is the largest shareholder of the company, while 79.0 institutions own stock in it. As of 2024-06-30, the company held over 9.69 million shares (or 3.0729% of all shares), a total value of $4.42 million in shares.
The next largest institutional holding, with 6.82 million shares, is of OWL CREEK ASSET MANAGEMENT, L.P.’s that is approximately 2.1601% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.11 million.
Also, the Mutual Funds coming in first place with the largest holdings of Microvast Holdings Inc (MVST) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 5.81 shares. This amounts to just over 1.79 percent of the company’s overall shares, with a $9.77 million market value. The same data shows that the other fund manager holds slightly less at 2.76, or about 0.85% of the stock, which is worth about $4.64 million.
