The closing price of Microvast Holdings Inc (NASDAQ: MVST) was $0.49 for the day, down -5.71% from the previous closing price of $0.51. On the day, 2314036 shares were traded.
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 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:
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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 0.27.
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 $0.45.
Shares Statistics:
A total of 315.01M shares are outstanding, with a floating share count of 212.58M. Insiders hold about 32.98% of the company’s shares, while institutions hold 20.78% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by Microvast Holdings, Inc. analysts. The consensus estimate for the next quarter is $54.11, with high estimates of $24.40 and low estimates of $68.22.
EPS for the following year is $Stocks, with Stocks analysts recommending between $ETF and $Stocks.
