There are many powerful catalysts in the market: Microvast Holdings Inc. (MVST) can be one of them

The closing price of Microvast Holdings Inc. (NASDAQ: MVST) was $1.65 for the day, up 1.23% from the previous closing price of $1.63. In other words, the price has increased by $+0.0200 from its previous closing price. On the day, 970864 shares were traded. MVST stock price reached its highest trading level at $1.7000 during the session, while it also had its lowest trading level at $1.6100.

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Ratios:

Our analysis of MVST’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.10 and its Current Ratio is at 2.40. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.13.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on August 19, 2022, initiated with a Outperform rating and assigned the stock a target price of $8.

On December 17, 2021, Piper Sandler started tracking the stock assigning a Neutral rating and target price of $8.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 14 when Smith Shane bought 250,000 shares for $2.50 per share. The transaction valued at 625,000 led to the insider holds 250,000 shares of the business.

Webster Craig bought 287,000 shares of MVST for $737,590 on Jun 13. The Chief Financial Officer now owns 315,077 shares after completing the transaction at $2.57 per share. On Jun 10, another insider, Webster Craig, who serves as the Chief Financial Officer of the company, bought 13,000 shares for $2.91 each. As a result, the insider paid 37,830 and bolstered with 28,077 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 2.44 while its Price-to-Book (P/B) ratio in mrq is 0.82.

Stock Price History:

Over the past 52 weeks, MVST has reached a high of $9.54, while it has fallen to a 52-week low of $1.38. The 50-Day Moving Average of the stock is 1.9052, while the 200-Day Moving Average is calculated to be 2.7857.

Shares Statistics:

MVST traded an average of 2.36M shares per day over the past three months and 1.19M shares per day over the past ten days. A total of 305.98M shares are outstanding, with a floating share count of 177.19M. Insiders hold about 1.40% of the company’s shares, while institutions hold 38.70% stake in the company. Shares short for MVST as of Oct 13, 2022 were 12.98M with a Short Ratio of 12.86M, compared to 15.18M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.29% and a Short% of Float of 7.60%.

Earnings Estimates

The firm’s stock currently is rated by 0 analysts. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.11 and low estimates of -$0.11.

Analysts are recommending an EPS of between -$0.36 and -$0.36 for the fiscal current year, implying an average EPS of -$0.36. EPS for the following year is -$0.27, with 1 analysts recommending between -$0.27 and -$0.27.

Revenue Estimates

A total of 1 analysts have provided revenue estimates for MVST’s current fiscal year. The highest revenue estimate was $208M, while the lowest revenue estimate was $208M, resulting in an average revenue estimate of $208M. In the same quarter a year ago, actual revenue was $151.98M, up 36.90% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $427.5M in the next fiscal year. The high estimate is $427.5M and the low estimate is $427.5M. The average revenue growth estimate for next year is up 105.50% from the average revenue estimate for this year.