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As of close of business last night, Microvast Holdings Inc’s stock clocked out at $0.38, down -4.19% from its previous closing price of $0.40. In other words, the price has decreased by -$4.19 from its previous closing price. On the day, 2.06 million shares were traded. MVST stock price reached its highest trading level at $0.4274 during the session, while it also had its lowest trading level at $0.38.
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 0.67 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:
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 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:
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 121348616 and an Enterprise Value of 275407456. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.40 while its Price-to-Book (P/B) ratio in mrq is 0.21. Its current Enterprise Value per Revenue stands at 0.898 whereas that against EBITDA is -3.212.
Stock Price History:
The Beta on a monthly basis for MVST is 1.67, which has changed by -0.6630252 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, MVST has reached a high of $2.91, while it has fallen to a 52-week low of $0.32. The 50-Day Moving Average of the stock is -38.34%, while the 200-Day Moving Average is calculated to be -70.53%.
Shares Statistics:
It appears that MVST traded 5.06M shares on average per day over the past three months and 3372750 shares per day over the past ten days. A total of 315.01M shares are outstanding, with a floating share count of 170.03M. Insiders hold about 46.40% of the company’s shares, while institutions hold 21.21% stake in the company. Shares short for MVST as of 1713139200 were 30598502 with a Short Ratio of 6.05, compared to 1710460800 on 29965974. Therefore, it implies a Short% of Shares Outstanding of 30598502 and a Short% of Float of 16.900000000000002.
Earnings Estimates
The dynamic stock of Microvast Holdings Inc (MVST) is currently being evaluated by a team of 3.0 analysts, each contributing to its current rating.On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.1, while EPS last year was -$0.1. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.05 and low estimates of -$0.1.
Analysts are recommending an EPS of between -$0.16 and -$0.39 for the fiscal current year, implying an average EPS of -$0.29. EPS for the following year is -$0.28, with 2.0 analysts recommending between -$0.28 and -$0.29.
Revenue Estimates
In the current quarter, 3 analysts expect revenue to total $67.58M. It ranges from a high estimate of $68M to a low estimate of $67.25M. As of the current estimate, Microvast Holdings Inc’s year-ago sales were $46.97MFor the next quarter, 3 analysts are estimating revenue of $77.67M. There is a high estimate of $84.4M for the next quarter, whereas the lowest estimate is $70.62M.
A total of 3 analysts have provided revenue estimates for MVST’s current fiscal year. The highest revenue estimate was $382.5M, while the lowest revenue estimate was $304.88M, resulting in an average revenue estimate of $349.13M. In the same quarter a year ago, actual revenue was $306.62MBased on 3 analysts’ estimates, the company’s revenue will be $535.27M in the next fiscal year. The high estimate is $623M and the low estimate is $487.81M.
