After finishing at $0.55 in the prior trading day, Microvast Holdings Inc (NASDAQ: MVST) closed at $0.49, down -10.91%. In other words, the price has decreased by -$0.0603 from its previous closing price. On the day, 11354041 shares were traded.
Ratios:
Our goal is to gain a better understanding of MVST by taking a closer look at 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:
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 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 155.61M and an Enterprise Value of 310.62M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 0.27. Its current Enterprise Value per Revenue stands at 1.01 whereas that against EBITDA is -3.84.
Stock Price History:
Over the past 52 weeks, MVST has reached a high of $2.91, while it has fallen to a 52-week low of $0.53. The 50-Day Moving Average of the stock is 0.7918, while the 200-Day Moving Average is calculated to be 1.4468.
Shares Statistics:
The stock has traded on average 4.86M shares per day over the past 3-months and 8.91M shares per day over the last 10 days, according to various share statistics. A total of 315.01M shares are outstanding, with a floating share count of 212.58M. Insiders hold about 32.98% of the company’s shares, while institutions hold 20.78% stake in the company. Shares short for MVST as of Mar 15, 2024 were 29.97M with a Short Ratio of 6.17, compared to 24.93M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.52% and a Short% of Float of 13.46%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of -$0.09 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 -$0.07, 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 -$0.28. EPS for the following year is -$0.24, with 3 analysts recommending between -$0.15 and -$0.29.
Revenue Estimates
4 analysts predict $74.17M in revenue for the current quarter. It ranges from a high estimate of $93.95M to a low estimate of $67.25M. As of the current estimate, Microvast Holdings Inc’s year-ago sales were $46.97M, an estimated increase of 57.90% from the year-ago figure.
A total of 4 analysts have provided revenue estimates for MVST’s current fiscal year. The highest revenue estimate was $550.01M, while the lowest revenue estimate was $304.88M, resulting in an average revenue estimate of $399.35M. In the same quarter a year ago, actual revenue was $306.62M, up 30.20% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $607.71M in the next fiscal year. The high estimate is $825.02M and the low estimate is $487.81M. The average revenue growth estimate for next year is up 52.20% from the average revenue estimate for this year.
