rts logo

Microvast Holdings Inc (MVST) Is Now En Route to Higher Prices

Microvast Holdings Inc (NASDAQ: MVST) is -57.86% lower on its value in year-to-date trading and has touched a low of $0.53 and a high of $2.91 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 MVST stock was last observed hovering at around $0.89 in the last trading session, with the day’s loss setting it -0.3%.

Currently trading at $0.59, the stock is -18.13% and -28.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.05 million and changing -34.08% at the moment leaves the stock -59.86% off its SMA200. MVST registered -46.85% loss for a year compared to 6-month loss of -68.78%. The firm has a 50-day simple moving average (SMA 50) of $0.94 and a 200-day simple moving average (SMA200) of -$2.70.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

The stock witnessed a -26.43% gain in the last 1 month and extending the period to 3 months gives it a -57.86%, and is -23.04% down 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 15.22% over the week and 12.61% over the month.

Microvast Holdings Inc (MVST) has around 2961 employees, a market worth around $186.76M and $306.62M in sales. Profit margin for the company is -34.68%. Distance from 52-week low is 12.36% and -79.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.91%).

Microvast Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.07 with sales reaching $107.4M over the same period.The EPS is expected to shrink by -80.77% this year, but quarterly earnings will post 103.00% year-over-year. Quarterly sales are estimated to grow 128.60% in year-over-year returns.

Microvast Holdings Inc (MVST) Top Institutional Holders

157 institutions hold shares in Microvast Holdings Inc (MVST), with institutional investors hold 36.00% of the company’s shares. The shares outstanding are 315.01M, and float is at 212.49M with Short Float at 14.10%. Institutions hold 25.67% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 11.5 million shares valued at $18.4 million. The investor’s holdings represent 3.72% of the MVST Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 10.28 million shares valued at $16.44 million to account for 3.32% of the shares outstanding. The other top investors are Owl Creek Asset Management, L.P. which holds 6.17 million shares representing 1.99% and valued at over $9.87 million, while Mirae Asset Global Investments Co., Ltd. holds 1.53% of the shares totaling 4.73 million with a market value of $7.57 million.

Microvast Holdings Inc (MVST) Insider Activity

The most recent transaction is an insider sale by Zheng Yanzhuan,the company’sDirector. SEC filings show that Zheng Yanzhuan sold 1,000,000 shares of the company’s common stock on Nov 14 ’23 at a price of $1.30 per share for a total of $1.3 million. Following the sale, the insider now owns 0.71 million shares.

Microvast Holdings Inc disclosed in a document filed with the SEC on Sep 15 ’23 that Zheng Yanzhuan (Director) sold a total of 313,009 shares of the company’s common stock. The trade occurred on Sep 15 ’23 and was made at $2.02 per share for $0.63 million. Following the transaction, the insider now directly holds 1.71 million shares of the MVST stock.

Still, SEC filings show that on Aug 22 ’23, Webster Craig (Chief Financial Officer) acquired 13,000 shares at an average price of $1.64 for $21320.0. The insider now directly holds 403,077 shares of Microvast Holdings Inc (MVST).

Related Posts