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Microvast Holdings Inc (NASDAQ: MVST) closed the day trading at $0.19 up 5.05% from the previous closing price of $0.18. In other words, the price has increased by $5.05 from its previous closing price. On the day, 4.53 million shares were traded. MVST stock price reached its highest trading level at $0.2029 during the session, while it also had its lowest trading level at $0.1825.
Ratios:
For a better understanding of MVST, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 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:
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 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 59955208 and an Enterprise Value of 208533216. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 0.12. Its current Enterprise Value per Revenue stands at 0.596 whereas that against EBITDA is -3.663.
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 $0.18. The 50-Day Moving Average of the stock is -45.69%, while the 200-Day Moving Average is calculated to be -71.06%.
Shares Statistics:
Over the past 3-months, MVST traded about 2.38M shares per day on average, while over the past 10 days, MVST traded about 2712050 shares per day. 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 13.47% stake in the company. Shares short for MVST as of 1723680000 were 14099918 with a Short Ratio of 5.43, compared to 1721001600 on 15697138. Therefore, it implies a Short% of Shares Outstanding of 14099918 and a Short% of Float of 7.4499995.
