Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
As of close of business last night, Microvast Holdings Inc’s stock clocked out at $2.07, down -24.73% from its previous closing price of $2.75. In other words, the price has decreased by -$24.73 from its previous closing price. On the day, 23.01 million shares were traded. MVST stock price reached its highest trading level at $2.6699 during the session, while it also had its lowest trading level at $1.9507.
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 0.83 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.27.
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 27 ’24 when Zheng Yanzhuan bought 522,872 shares for $0.75 per share.
Zheng Yanzhuan bought 670,000 shares of MVST for $502,500 on Nov 26 ’24. On Nov 19 ’24, another insider, Balladon Yeelong, who serves as the Director of the company, bought 42,398 shares for $0.57 each.
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 666804928 and an Enterprise Value of 866506688. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.35 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 2.336 whereas that against EBITDA is -45.646.
Stock Price History:
Over the past 52 weeks, MVST has reached a high of $2.86, while it has fallen to a 52-week low of $0.15. The 50-Day Moving Average of the stock is 133.70%, while the 200-Day Moving Average is calculated to be 299.15%.
Shares Statistics:
It appears that MVST traded 30.65M shares on average per day over the past three months and 23269440 shares per day over the past ten days. A total of 322.13M shares are outstanding, with a floating share count of 179.01M. Insiders hold about 44.43% of the company’s shares, while institutions hold 9.19% stake in the company. Shares short for MVST as of 1734048000 were 17962127 with a Short Ratio of 0.59, compared to 1731628800 on 24111411. Therefore, it implies a Short% of Shares Outstanding of 17962127 and a Short% of Float of 17.809999.
