Microvast Holdings Inc (NASDAQ: MVST) is -83.39% lower on its value in year-to-date trading and has touched a low of $0.18 and a high of $1.88 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 $0.23 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.23, the stock is -8.81% and -22.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing 1.09% at the moment leaves the stock -60.05% off its SMA200. MVST registered -86.64% loss for a year compared to 6-month loss of -52.78%. The firm has a 50-day simple moving average (SMA 50) of $0.2974 and a 200-day simple moving average (SMA200) of $0.57747.
The stock witnessed a -14.27% gain in the last 1 month and extending the period to 3 months gives it a -45.22%, and is -16.88% 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 13.81% over the week and 15.89% over the month.
Microvast Holdings Inc (MVST) has around 2961 employees, a market worth around $73.68M and $349.72M in sales. Fwd P/E is 4.65. Profit margin for the company is -44.02%. Distance from 52-week low is 29.17% and -87.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.31%).
with sales reaching $99.7M over the same period.The EPS is expected to shrink by -92.31% this year, but quarterly earnings will post 25.60% year-over-year. Quarterly sales are estimated to grow 24.40% in year-over-year returns.
Microvast Holdings Inc (MVST) Top Institutional Holders
110.0 institutions hold shares in Microvast Holdings Inc (MVST), with institutional investors hold 30.25% of the company’s shares. The shares outstanding are 315.01M, and float is at 177.13M with Short Float at 7.50%. Institutions hold 17.87% 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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Still, SEC filings show that on Nov 14 ’23, Zheng Yanzhuan (Director) disposed off 1,000,000 shares at an average price of $1.30 for $1.3 million. The insider now directly holds 710,000 shares of Microvast Holdings Inc (MVST).
