Home  »  Finance   »  Movella Holdings Inc. (MVLA) – Don’t B...

Movella Holdings Inc. (MVLA) – Don’t Believe the Hype: Check The Facts

Movella Holdings Inc. (NASDAQ: MVLA) is -76.27% lower on its value in year-to-date trading and has touched a low of $1.25 and a high of $10.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MVLA stock was last observed hovering at around $1.75 in the last trading session, with the day’s gains setting it 0.64% off its average median price target of $4.75 for the next 12 months. It is also 52.2% off the consensus price target high of $5.00 offered by 2 analysts, but current levels are 46.89% higher than the price target low of $4.50 for the same period.

Currently trading at $2.39, the stock is 60.30% and 60.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.66 million and changing 36.57% at the moment leaves the stock -66.55% off its SMA200. MVLA registered -75.54% loss for a year compared to 6-month loss of -76.08%. The firm has a 50-day simple moving average (SMA 50) of -$173.11 and a 200-day simple moving average (SMA200) of $4.43.

Unlock the Hottest Top 10 Penny Stocks Today! Discover Now

Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.

Gain Access to Top 10 Penny Stocks Now!.


The stock witnessed a 69.50% gain in the last 1 month and extending the period to 3 months gives it a -16.14%, and is 63.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 24.60% over the week and 10.74% over the month.

Movella Holdings Inc. (MVLA) has around 221 employees, a market worth around $112.76M and $40.47M in sales. Fwd P/E is 79.67. Distance from 52-week low is 91.20% and -77.79% from its 52-week high.

Movella Holdings Inc. (MVLA) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Movella Holdings Inc. (MVLA) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 1.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Movella Holdings Inc. is expected to release its quarterly report on 08/30/2023.The EPS is expected to shrink by -102.40% this year

Movella Holdings Inc. (MVLA) Top Institutional Holders

The shares outstanding are 40.62M, and float is at 33.79M with Short Float at 1.66%.

Movella Holdings Inc. (MVLA) Insider Activity

A total of 9 insider transactions have happened at Movella Holdings Inc. (MVLA) in the last six months, with sales accounting for 0 and purchases happening 9 times. The most recent transaction is an insider purchase by SMITH STEPHEN M, the company’s Chief Financial Officer. SEC filings show that SMITH STEPHEN M bought 20,978 shares of the company’s common stock on May 19 at a price of $1.55 per share for a total of $32495.0. Following the purchase, the insider now owns 38476.0 shares.

Movella Holdings Inc. disclosed in a document filed with the SEC on May 18 that SMITH STEPHEN M (Chief Financial Officer) bought a total of 17,498 shares of the company’s common stock. The trade occurred on May 18 and was made at $1.50 per share for $26317.0. Following the transaction, the insider now directly holds 17498.0 shares of the MVLA stock.

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Posts