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After finishing at $0.19 in the prior trading day, Microvast Holdings Inc (NASDAQ: MVST) closed at $0.19, up 0.16%. In other words, the price has increased by $0.16 from its previous closing price. On the day, 1.04 million shares were traded. MVST stock price reached its highest trading level at $0.1975 during the session, while it also had its lowest trading level at $0.1854.
Ratios:
Our goal is to gain a better understanding of MVST by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 1.12. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.22.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 26 ’24 when Stephen A. Vogel bought 236,055 shares for $0.28 per share.
Stephen A. Vogel bought 2,800,000 shares of MVST for $761,600 on Sep 06 ’24. On Nov 14 ’23, another insider, Zheng Yanzhuan, who serves as the Director of the company, sold 1,000,000 shares for $1.30 each. As a result, the insider received 1,300,000 and left with 710,000 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 60430540 and an Enterprise Value of 211947776. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 0.13. Its current Enterprise Value per Revenue stands at 0.606 whereas that against EBITDA is -3.723.
Stock Price History:
Over the past 52 weeks, MVST has reached a high of $1.55, while it has fallen to a 52-week low of $0.18. The 50-Day Moving Average of the stock is -21.55%, while the 200-Day Moving Average is calculated to be -59.87%.
Shares Statistics:
The stock has traded on average 2.02M shares per day over the past 3-months and 1300690 shares per day over the last 10 days, according to various share statistics. A total of 315.01M shares are outstanding, with a floating share count of 174.07M. Insiders hold about 45.07% of the company’s shares, while institutions hold 13.44% stake in the company. Shares short for MVST as of 1728950400 were 13461360 with a Short Ratio of 6.68, compared to 1726185600 on 13290376. Therefore, it implies a Short% of Shares Outstanding of 13461360 and a Short% of Float of 14.08.
