Movella Holdings Inc (NASDAQ: MVLA) is -51.60% lower on its value in year-to-date trading and has touched a low of $0.23 and a high of $3.10 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 $0.27 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $0.29, the stock is -0.41% and -18.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.44 million and changing 8.44% at the moment leaves the stock -68.04% off its SMA200. MVLA registered -85.51% loss for a year compared to 6-month loss of -53.08%. The firm has a 50-day simple moving average (SMA 50) of -$32.12 and a 200-day simple moving average (SMA200) of $2.94.
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The stock witnessed a -9.91% gain in the last 1 month and extending the period to 3 months gives it a -21.08%, and is 8.44% 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 25.51% over the week and 24.59% over the month.
Fwd P/E is 14.64. Profit margin for the company is -18.07%. Distance from 52-week low is 27.08% and -90.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.55%).
Movella Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $8.62M over the same period.The EPS is expected to grow by 81.56% this year.
Movella Holdings Inc (MVLA) Top Institutional Holders
28 institutions hold shares in Movella Holdings Inc (MVLA), with institutional investors hold 52.29% of the company’s shares. The shares outstanding are 32.50M, and float is at 27.23M with Short Float at 0.19%. Institutions hold 42.86% of the Float.
The top institutional shareholder in the company is Francisco Partners Management, LP with over 8.5 million shares valued at $18.11 million. The investor’s holdings represent 16.70% of the MVLA Shares outstanding. As of Jun 29, 2023, the second largest holder is KPCB XIII Associates, LLC with 5.19 million shares valued at $11.05 million to account for 10.19% of the shares outstanding. The other top investors are Ameriprise Financial, Inc. which holds 3.26 million shares representing 6.41% and valued at over $6.95 million, while Vanguard Group Inc holds 1.22% of the shares totaling 0.62 million with a market value of $1.32 million.
Movella Holdings Inc (MVLA) Insider Activity
The most recent transaction is an insider purchase by Lee Ben A,the company’sPresident and CEO. SEC filings show that Lee Ben A bought 33,993 shares of the company’s common stock on Aug 31 ’23 at a price of $0.80 per share for a total of $27354.0. Following the purchase, the insider now owns 1.17 million shares.
Movella Holdings Inc disclosed in a document filed with the SEC on Aug 30 ’23 that Lee Ben A (President and CEO) bought a total of 26,007 shares of the company’s common stock. The trade occurred on Aug 30 ’23 and was made at $0.82 per share for $21326.0. Following the transaction, the insider now directly holds 1.14 million shares of the MVLA stock.
Still, SEC filings show that on Aug 29 ’23, Lee Ben A (President and CEO) acquired 27,295 shares at an average price of $0.83 for $22715.0. The insider now directly holds 1,112,010 shares of Movella Holdings Inc (MVLA).
