Microvast Holdings Inc (NASDAQ: MVST) closed the day trading at $0.84 up 9.51% from the previous closing price of $0.77. In other words, the price has increased by $+0.0729 from its previous closing price. On the day, 9711188 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 0.82 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.16.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Cantor Fitzgerald on November 29, 2023, initiated with a Overweight rating and assigned the stock a target price of $8.
On August 31, 2023, Janney started tracking the stock assigning a Buy rating and target price of $8.
On April 03, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $8.H.C. Wainwright initiated its Buy rating on April 03, 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 261.39M and an Enterprise Value of 326.73M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00 while its Price-to-Book (P/B) ratio in mrq is 0.47. Its current Enterprise Value per Revenue stands at 1.22 whereas that against EBITDA is -3.51.
Stock Price History:
The Beta on a monthly basis for MVST is 1.46, which has changed by -22.22% over the last 52 weeks, in comparison to a change of 29.19% 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 $0.53. The 50-Day Moving Average of the stock is 0.8304, while the 200-Day Moving Average is calculated to be 1.4792.
Shares Statistics:
Over the past 3-months, MVST traded about 4.09M shares per day on average, while over the past 10 days, MVST traded about 6.95M shares per day. A total of 307.63M 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 Feb 29, 2024 were 26.32M with a Short Ratio of 6.43, compared to 23.79M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.36% and a Short% of Float of 11.82%.
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 -$0.02 and a low estimate of -$0.09, while EPS last year was -$0.05. The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.01 and low estimates of -$0.1.
Analysts are recommending an EPS of between -$0.12 and -$0.36 for the fiscal current year, implying an average EPS of -$0.3. EPS for the following year is -$0.13, with 4 analysts recommending between $0.24 and -$0.27.
Revenue Estimates
4 analysts predict $94.43M in revenue for the current quarter. It ranges from a high estimate of $96M to a low estimate of $92.62M. As of the current estimate, Microvast Holdings Inc’s year-ago sales were $64.8M, an estimated increase of 45.70% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $107.4M, an increase of 128.60% over than the figure of $45.70% in the same quarter last year. There is a high estimate of $131M for the next quarter, whereas the lowest estimate is $93.95M.
A total of 4 analysts have provided revenue estimates for MVST’s current fiscal year. The highest revenue estimate was $299M, while the lowest revenue estimate was $294.67M, resulting in an average revenue estimate of $296.7M. In the same quarter a year ago, actual revenue was $204.5M, up 45.10% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $622.55M in the next fiscal year. The high estimate is $732M and the low estimate is $550.01M. The average revenue growth estimate for next year is up 109.80% from the average revenue estimate for this year.
