Microvast Holdings Inc (NASDAQ: MVST) is -7.25% lower on its value in year-to-date trading and has touched a low of $0.15 and a high of $2.87 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 $1.98 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $1.92, the stock is 0.09% and 16.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.41 million and changing -3.03% at the moment leaves the stock 78.80% off its SMA200. MVST registered 378.33% gain for a year compared to 6-month gain of 908.40%.
The stock witnessed a 7.26% loss in the last 1 month and extending the period to 3 months gives it a 13.61%, and is -4.95% 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 6.24% over the week and 9.78% over the month.
Microvast Holdings Inc (MVST) has around 2255 employees, a market worth around $625.13M and $379.80M in sales. Fwd P/E is 23.04. Profit margin for the company is -57.55%. Distance from 52-week low is 1167.33% and -33.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-36.96%).
The EPS is expected to grow by 96.30% this year.
Microvast Holdings Inc (MVST) Top Institutional Holders
The shares outstanding are 323.14M, and float is at 194.37M with Short Float at 8.73%.
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 3.0715% 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 2.1601 of the shares outstanding. The other top investors are MILLENNIUM MANAGEMENT LLC which holds 5.1 million shares representing 1.618% and valued at over $2.33 million, while BLACKROCK INC. holds 1.3628 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 26 ’24, Zheng Yanzhuan (former director) Proposed Sale 670,000 shares at an average price of $0.75 for $0.5 million. The insider now directly holds shares of Microvast Holdings Inc (MVST).
