Microvast Holdings Inc (NASDAQ:MVST) has a beta value of 57.66% and has seen 8.87 shares traded in the last trading session. The company, currently valued at $1.27B, closed the last trade at $4.33 per share which meant it gained $0.33 on the day or 3.91% during that session. The MVST stock price is -9.01% off its 52-week high price of $4.72 and 96.54% 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 7.51 million shares traded. The 3-month trading volume is 1.17 shares.
The consensus among analysts is that Microvast Holdings Inc (MVST) is Buy stock at the moment, with a recommendation rating of 54.64. 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. The expected earnings per share for the stock is 0.01.
Microvast Holdings Inc (NASDAQ:MVST) trade information
Sporting 3.91% in the green in last session, 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 $4.33 or saw a rise of 8.26%. Year-to-date, Microvast Holdings Inc shares have moved 747.24%, while the 5-day performance has seen it change -6.90%. Over the past 30 days, the shares of Microvast Holdings Inc (NASDAQ:MVST) have changed 3.71%. Short interest in the company has seen 20.0 million shares shorted with days to cover at 1.82.
Wall Street analysts have a consensus price target for the stock at $1.59, which means that the shares’ value could drop -172.33% from current levels. The projected low price target is $1.59 while the price target rests at a high of $1.59. In that case, then, we find that the current price level is 63.28% off the targeted high while a plunge would see the stock lose 63.28% from current levels.
Microvast Holdings Inc (MVST) estimates and forecasts
The company’s shares have gained 223.14% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 23.61%.
3 analysts offering their estimates for the company have set an average revenue estimate of 106.78M for the current quarter. 3 have an estimated revenue figure of 117.79M for the next ending quarter. Year-ago sales stood 83.67M and 101.39M respectively for this quarter and the next, and analysts expect sales will grow by 27.62% for the current quarter and 23.61% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 21.30% – over the past 5 years.
MVST Dividends
Microvast Holdings Inc is expected to release its next earnings report on 2025-May-12 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 39.75% of the company shares, while shares held by institutions stand at 15.27% with a share float percentage of 25.34%. Investors are also buoyed by the number of investors in a company, with Microvast Holdings Inc having a total of 106.0 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 3.0715% 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.
