In the last trading session, 6.18 million Microvast Holdings Inc (NASDAQ:MVST) shares changed hands as the company’s beta touched 2.66. With the company’s per share price at $2.09 changed hands at $0.03 or 1.46% during last session, the market valuation stood at $679.69M. MVST’s last price was a discount, traded about -37.32% 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 92.82% up since then. When we look at Microvast Holdings Inc’s average trading volume, we note the 10-day average is 7.23 million shares, with the 3-month average coming to 6.79 million.
Analysts gave the Microvast Holdings Inc (MVST) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.67. 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
However, in the 30-day time frame, Microvast Holdings Inc (NASDAQ:MVST) is 74.17% up. Looking at the short shares, we see there were 16.96 million shares sold at short interest cover period of 2.09 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1.59, meaning bulls need a downside of -31.45% from its current market value. According to analyst projections, MVST’s forecast low is 1.59 with 1.59 as the target high. To hit the forecast high, the stock’s price needs a 23.92% surge from its current level, while the stock would need to tank 23.92% for it to hit the projected low.
Microvast Holdings Inc (MVST) estimates and forecasts
Year-over-year growth is forecast to reach 21.90% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 106M. 3 analysts are of the opinion that Microvast Holdings Inc’s revenue for the current quarter will be 111.95M. The company’s revenue for the corresponding quarters a year ago was 81.35M and 83.67M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 30.30%. The estimates for the next quarter sales put growth at 33.79%.
The 2025 estimates are for Microvast Holdings Inc earnings to increase by 96.30%.
MVST Dividends
Microvast Holdings Inc is expected to release its next quarterly earnings report on 2025-Mar-30.
Microvast Holdings Inc (NASDAQ:MVST)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 39.56% of Microvast Holdings Inc shares while 13.00% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 21.51%. There are 13.00% institutions holding the Microvast Holdings Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 3.0715% of the shares, roughly 9.69 million MVST shares worth $4.42 million.
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 Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . With 5.81 shares estimated at $12.15 million under it, the former controlled 1.79% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund held about 0.85% of the shares, roughly 2.76 shares worth around $5.77 million.
