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As of close of business last night, Microvast Holdings Inc’s stock clocked out at $0.28, up 1.34% from its previous closing price of $0.28. In other words, the price has increased by $1.34 from its previous closing price. On the day, 2.64 million shares were traded. MVST stock price reached its highest trading level at $0.3056 during the session, while it also had its lowest trading level at $0.276.
Ratios:
To gain a deeper understanding of MVST’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 88633576 and an Enterprise Value of 240617152. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 0.18. Its current Enterprise Value per Revenue stands at 0.688 whereas that against EBITDA is -4.227.
Stock Price History:
Over the past 52 weeks, MVST has reached a high of $1.95, while it has fallen to a 52-week low of $0.18. The 50-Day Moving Average of the stock is -11.96%, while the 200-Day Moving Average is calculated to be -53.81%.
Shares Statistics:
It appears that MVST traded 2.59M shares on average per day over the past three months and 3689280 shares per day over the past ten days. A total of 315.01M shares are outstanding, with a floating share count of 177.13M. Insiders hold about 44.10% of the company’s shares, while institutions hold 13.50% stake in the company. Shares short for MVST as of 1726185600 were 13290376 with a Short Ratio of 5.14, compared to 1723680000 on 14099918. Therefore, it implies a Short% of Shares Outstanding of 13290376 and a Short% of Float of 13.900000000000002.
