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The price of Microvast Holdings Inc (NASDAQ: MVST) closed at $0.41 in the last session, up 5.90% from day before closing price of $0.39. In other words, the price has increased by $5.90 from its previous closing price. On the day, 3.48 million shares were traded. MVST stock price reached its highest trading level at $0.427 during the session, while it also had its lowest trading level at $0.3901.
Ratios:
We take a closer look at MVST’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 1.06. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.18.
On November 29, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $8.
On August 31, 2023, Janney started tracking the stock assigning a Buy rating and target price of $8.Janney initiated its Buy rating on August 31, 2023, with a $8 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 14 ’23 when Zheng Yanzhuan sold 1,000,000 shares for $1.30 per share. The transaction valued at 1,300,000 led to the insider holds 710,000 shares of the business.
Zheng Yanzhuan sold 313,009 shares of MVST for $632,278 on Sep 15 ’23. The Director now owns 1,710,000 shares after completing the transaction at $2.02 per share. On Aug 22 ’23, another insider, Webster Craig, who serves as the Chief Financial Officer of the company, bought 13,000 shares for $1.64 each. As a result, the insider paid 21,320 and bolstered with 403,077 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MVST now has a Market Capitalization of 129709864 and an Enterprise Value of 283768704. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.43 while its Price-to-Book (P/B) ratio in mrq is 0.23. Its current Enterprise Value per Revenue stands at 0.925 whereas that against EBITDA is -3.309.
Stock Price History:
The Beta on a monthly basis for MVST is 1.60, which has changed by -0.5673684 over the last 52 weeks, in comparison to a change of 0.22363698 over the same period for the S&P500. Over the past 52 weeks, MVST has reached a high of $2.91, while it has fallen to a 52-week low of $0.32. The 50-Day Moving Average of the stock is -38.91%, while the 200-Day Moving Average is calculated to be -69.75%.
Shares Statistics:
According to the various share statistics, MVST traded on average about 5.26M shares per day over the past 3-months and 3932620 shares per day over the past 10 days. A total of 315.01M shares are outstanding, with a floating share count of 170.03M. Insiders hold about 46.40% of the company’s shares, while institutions hold 20.78% stake in the company. Shares short for MVST as of 1713139200 were 30598502 with a Short Ratio of 5.81, compared to 1710460800 on 29965974. Therefore, it implies a Short% of Shares Outstanding of 30598502 and a Short% of Float of 16.900000000000002.
Earnings Estimates
The current market rating for Microvast Holdings Inc (MVST) reflects the collective analysis of 3.0 analysts closely monitoring its performance.On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.1, while EPS last year was -$0.1. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.05 and low estimates of -$0.1.
Analysts are recommending an EPS of between -$0.16 and -$0.39 for the fiscal current year, implying an average EPS of -$0.29. EPS for the following year is -$0.28, with 2.0 analysts recommending between -$0.28 and -$0.29.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $67.58M. It ranges from a high estimate of $68M to a low estimate of $67.25M. As of the current estimate, Microvast Holdings Inc’s year-ago sales were $46.97MFor the next quarter, 3 analysts are estimating revenue of $77.67M. There is a high estimate of $84.4M for the next quarter, whereas the lowest estimate is $70.62M.
A total of 3 analysts have provided revenue estimates for MVST’s current fiscal year. The highest revenue estimate was $382.5M, while the lowest revenue estimate was $304.88M, resulting in an average revenue estimate of $349.13M. In the same quarter a year ago, actual revenue was $306.62MBased on 3 analysts’ estimates, the company’s revenue will be $535.27M in the next fiscal year. The high estimate is $623M and the low estimate is $487.81M.
