Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $2.41 in the prior trading day, Microvast Holdings Inc (NASDAQ: MVST) closed at $2.39, down -0.83%. In other words, the price has decreased by -$0.83 from its previous closing price. On the day, 10.06 million shares were traded. MVST stock price reached its highest trading level at $2.56 during the session, while it also had its lowest trading level at $2.3.
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 0.83 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:
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 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 769885952 and an Enterprise Value of 970127552. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.06 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 2.615 whereas that against EBITDA is -51.105.
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 145.60%, while the 200-Day Moving Average is calculated to be 345.28%.
Shares Statistics:
The stock has traded on average 31.24M shares per day over the past 3-months and 23843190 shares per day over the last 10 days, according to various share statistics. 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 0.57, compared to 1731628800 on 24111411. Therefore, it implies a Short% of Shares Outstanding of 17962127 and a Short% of Float of 17.809999.
