Microvast Holdings Inc (NASDAQ: MVST) is -79.98% lower on its value in year-to-date trading and has touched a low of $0.18 and a high of $2.20 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 $0.22 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $0.28, the stock is 4.46% and -18.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.01 million and changing 25.02% at the moment leaves the stock -56.58% off its SMA200. MVST registered -86.72% loss for a year compared to 6-month loss of -49.13%.
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The stock witnessed a -11.69% gain in the last 1 month and extending the period to 3 months gives it a -34.62%, and is 28.58% 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 17.78% over the week and 10.61% over the month.
Microvast Holdings Inc (MVST) has around 2961 employees, a market worth around $88.82M and $349.72M in sales. Fwd P/E is 5.61. Profit margin for the company is -44.02%. Distance from 52-week low is 55.72% and -87.26% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.31%).
The EPS is expected to shrink by -92.31% this year.
Microvast Holdings Inc (MVST) Top Institutional Holders
111.0 institutions hold shares in Microvast Holdings Inc (MVST), with institutional investors hold 31.74% of the company’s shares. The shares outstanding are 315.01M, and float is at 177.13M with Short Float at 7.30%. Institutions hold 18.34% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 9.69 million shares valued at $4.42 million. The investor’s holdings represent 3.0729% of the MVST Shares outstanding. As of 2024-06-30, the second largest holder is OWL CREEK ASSET MANAGEMENT, L.P. with 6.82 million shares valued at $3.11 million to account for 2.1611 of the shares outstanding. The other top investors are MILLENNIUM MANAGEMENT LLC which holds 5.1 million shares representing 1.6187% and valued at over $2.33 million, while BLACKROCK INC. holds 1.3634 of the shares totaling 4.3 million with a market value of $1.96 million.
Microvast Holdings Inc (MVST) Insider Activity
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Microvast Holdings Inc disclosed in a document filed with the SEC on Nov 14 ’23 that Zheng Yanzhuan (Director) sold a total of 1,000,000 shares of the company’s common stock. The trade occurred on Nov 14 ’23 and was made at $1.30 per share for $1.3 million. Following the transaction, the insider now directly holds 0.71 million shares of the MVST stock.
