Movella Holdings Inc (NASDAQ: MVLA) closed the day trading at $0.12 up 15.35% from the previous closing price of $0.11. In other words, the price has increased by $+0.0165 from its previous closing price. On the day, 16951493 shares were traded.
Ratios:
For a better understanding of MVLA, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.14 and its Current Ratio is at 5.67. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.74.
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, Needham on June 02, 2023, initiated with a Buy rating and assigned the stock a target price of $4.
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 Aug 31 ’23 when Lee Ben A bought 33,993 shares for $0.80 per share. The transaction valued at 27,354 led to the insider holds 1,172,010 shares of the business.
Lee Ben A bought 26,007 shares of MVLA for $21,326 on Aug 30 ’23. The President and CEO now owns 1,138,017 shares after completing the transaction at $0.82 per share. On Aug 29 ’23, another insider, Lee Ben A, who serves as the President and CEO of the company, bought 27,295 shares for $0.83 each. As a result, the insider paid 22,715 and bolstered with 1,112,010 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, MVLA now has a Market Capitalization of 6.31M and an Enterprise Value of 9.36M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36 while its Price-to-Book (P/B) ratio in mrq is 0.09. Its current Enterprise Value per Revenue stands at -16.75 whereas that against EBITDA is 1.53.
Stock Price History:
Over the past 52 weeks, MVLA has reached a high of $3.10, while it has fallen to a 52-week low of $0.10. The 50-Day Moving Average of the stock is 0.3311, while the 200-Day Moving Average is calculated to be 0.8663.
Shares Statistics:
Over the past 3-months, MVLA traded about 850.43K shares per day on average, while over the past 10 days, MVLA traded about 4.8M shares per day. A total of 32.50M shares are outstanding, with a floating share count of 27.23M. Insiders hold about 46.50% of the company’s shares, while institutions hold 6.88% stake in the company. Shares short for MVLA as of Feb 29, 2024 were 51.8k with a Short Ratio of 0.06, compared to 116.74k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.10% and a Short% of Float of 0.16%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.03 and low estimates of -$0.06.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0.02, with 1 analysts recommending between $0.02 and $0.02.
Revenue Estimates
Based on 2 analysts’ estimates, the company’s revenue will be $45.38M in the next fiscal year. The high estimate is $47.3M and the low estimate is $43.46M. The average revenue growth estimate for next year is up 26.90% from the average revenue estimate for this year.
