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The closing price of Microvast Holdings Inc (NASDAQ: MVST) was $0.24 for the day, down -11.47% from the previous closing price of $0.27. In other words, the price has decreased by -$11.47 from its previous closing price. On the day, 2.54 million shares were traded. MVST stock price reached its highest trading level at $0.2769 during the session, while it also had its lowest trading level at $0.24.
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 0.71 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:
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 Sep 06 ’24 when Stephen A. Vogel bought 2,800,000 shares for $0.27 per share.
Zheng Yanzhuan sold 1,000,000 shares of MVST for $1,300,000 on Nov 14 ’23. The Director now owns 710,000 shares after completing the transaction at $1.30 per share. On Sep 15 ’23, another insider, Zheng Yanzhuan, who serves as the Director of the company, sold 313,009 shares for $2.02 each. As a result, the insider received 632,278 and left with 1,710,000 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 76084808 and an Enterprise Value of 227860880. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22 while its Price-to-Book (P/B) ratio in mrq is 0.16. Its current Enterprise Value per Revenue stands at 0.652 whereas that against EBITDA is -4.003.
Stock Price History:
Over the past 52 weeks, MVST has reached a high of $2.30, while it has fallen to a 52-week low of $0.25. The 50-Day Moving Average of the stock is -35.00%, while the 200-Day Moving Average is calculated to be -64.29%.
Shares Statistics:
MVST traded an average of 2.27M shares per day over the past three months and 1515520 shares per day over the past ten days. A total of 315.01M shares are outstanding, with a floating share count of 174.21M. Insiders hold about 45.03% of the company’s shares, while institutions hold 13.47% stake in the company. Shares short for MVST as of 1723680000 were 14099918 with a Short Ratio of 6.21, compared to 1721001600 on 15697138. Therefore, it implies a Short% of Shares Outstanding of 14099918 and a Short% of Float of 7.4499995.
