Microvast Holdings Inc (NASDAQ: MVST) closed the day trading at $0.59 down -34.08% from the previous closing price of $0.89. On the day, 14049951 shares were traded.
Ratios:
For a better understanding of MVST, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 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 185.76M and an Enterprise Value of 251.11M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61 while its Price-to-Book (P/B) ratio in mrq is 0.33. Its current Enterprise Value per Revenue stands at 0.94 whereas that against EBITDA is -2.70.
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 0.8107, while the 200-Day Moving Average is calculated to be 1.4520.
Shares Statistics:
Over the past 3-months, MVST traded about 4.43M shares per day on average, while over the past 10 days, MVST traded about 8.39M shares per day. A total of 315.01M shares are outstanding, with a floating share count of 212.49M. Insiders hold about 32.87% of the company’s shares, while institutions hold 20.88% stake in the company. Shares short for MVST as of Mar 15, 2024 were 29.97M with a Short Ratio of 6.76, 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
Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.1, while EPS last year was -$0.1. The consensus estimate for the next quarter is -$0.04, with high estimates of $0.04 and low estimates of -$0.08.
Analysts are recommending an EPS of between $0.24 and -$0.27 for the fiscal current year, implying an average EPS of -$0.13. EPS for the following year is $0.18, with 4 analysts recommending between $0.85 and -$0.15.
Revenue Estimates
3 analysts predict $107.4M in revenue for the current quarter. It ranges from a high estimate of $131M to a low estimate of $93.95M. As of the current estimate, Microvast Holdings Inc’s year-ago sales were $46.97M, an estimated increase of 128.60% 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 $732M, while the lowest revenue estimate was $550.01M, resulting in an average revenue estimate of $622.55M. In the same quarter a year ago, actual revenue was $306.62M, up 103.00% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $1.05B in the next fiscal year. The high estimate is $1.27B and the low estimate is $825.02M. The average revenue growth estimate for next year is up 68.60% from the average revenue estimate for this year.
