Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Microvast Holdings Inc (NASDAQ: MVST) closed the day trading at $1.51 up 0.67% from the previous closing price of $1.50. In other words, the price has increased by $0.67 from its previous closing price. On the day, 8.83 million shares were traded. MVST stock price reached its highest trading level at $1.615 during the session, while it also had its lowest trading level at $1.45.
Ratios:
For a better understanding of MVST, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.27.
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 27 ’24 when Zheng Yanzhuan bought 522,872 shares for $0.75 per share.
Zheng Yanzhuan bought 670,000 shares of MVST for $502,500 on Nov 26 ’24. On Nov 19 ’24, another insider, Balladon Yeelong, who serves as the Director of the company, bought 42,398 shares for $0.57 each.
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 489078400 and an Enterprise Value of 685170112. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.32 while its Price-to-Book (P/B) ratio in mrq is 0.96. Its current Enterprise Value per Revenue stands at 1.847 whereas that against EBITDA is -36.094.
Stock Price History:
The Beta on a monthly basis for MVST is 2.10, which has changed by 0.778563 over the last 52 weeks, in comparison to a change of 0.22208416 over the same period for the S&P500. Over the past 52 weeks, MVST has reached a high of $2.87, while it has fallen to a 52-week low of $0.15. The 50-Day Moving Average of the stock is -4.68%, while the 200-Day Moving Average is calculated to be 129.78%.
Shares Statistics:
Over the past 3-months, MVST traded about 35.85M shares per day on average, while over the past 10 days, MVST traded about 9119170 shares per day. A total of 322.13M shares are outstanding, with a floating share count of 179.41M. Insiders hold about 44.61% of the company’s shares, while institutions hold 9.14% stake in the company. Shares short for MVST as of 1736899200 were 16999495 with a Short Ratio of 0.47, compared to 1734048000 on 17962127. Therefore, it implies a Short% of Shares Outstanding of 16999495 and a Short% of Float of 16.57.
