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After finishing at $0.42 in the prior trading day, Microvast Holdings Inc (NASDAQ: MVST) closed at $0.41, down -3.31%. In other words, the price has decreased by -$3.31 from its previous closing price. On the day, 0.6 million shares were traded. MVST stock price reached its highest trading level at $0.4145 during the session, while it also had its lowest trading level at $0.4.
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 0.66 and its Current Ratio is at 1.03. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.19.
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 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 128948520 and an Enterprise Value of 298834368. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.24. Its current Enterprise Value per Revenue stands at 0.876 whereas that against EBITDA is -3.96.
Stock Price History:
Over the past 52 weeks, MVST has reached a high of $2.91, while it has fallen to a 52-week low of $0.30. The 50-Day Moving Average of the stock is -1.43%, while the 200-Day Moving Average is calculated to be -50.40%.
Shares Statistics:
The stock has traded on average 3.00M shares per day over the past 3-months and 1134400 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 170.33M. Insiders hold about 46.30% of the company’s shares, while institutions hold 20.38% stake in the company. Shares short for MVST as of 1721001600 were 15697138 with a Short Ratio of 5.23, compared to 1718323200 on 25667516. Therefore, it implies a Short% of Shares Outstanding of 15697138 and a Short% of Float of 8.67.
