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After finishing at $0.23 in the prior trading day, Microvast Holdings Inc (NASDAQ: MVST) closed at $0.23, up 1.09%. In other words, the price has increased by $1.09 from its previous closing price. On the day, 1.16 million shares were traded. MVST stock price reached its highest trading level at $0.2342 during the session, while it also had its lowest trading level at $0.2215.
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 0.71 and its Current Ratio is at 1.12. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.22.
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 Sep 26 ’24 when Stephen A. Vogel bought 236,055 shares for $0.28 per share.
Stephen A. Vogel bought 2,800,000 shares of MVST for $761,600 on Sep 06 ’24. On Nov 14 ’23, another insider, Zheng Yanzhuan, who serves as the Director of the company, sold 1,000,000 shares for $1.30 each. As a result, the insider received 1,300,000 and left with 710,000 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 73676464 and an Enterprise Value of 225412720. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21 while its Price-to-Book (P/B) ratio in mrq is 0.15. Its current Enterprise Value per Revenue stands at 0.645 whereas that against EBITDA is -3.96.
Stock Price History:
Over the past 52 weeks, MVST has reached a high of $1.88, while it has fallen to a 52-week low of $0.18. The 50-Day Moving Average of the stock is -22.74%, while the 200-Day Moving Average is calculated to be -60.05%.
Shares Statistics:
The stock has traded on average 2.06M shares per day over the past 3-months and 1748090 shares per day over the last 10 days, according to various share statistics. A total of 315.01M shares are outstanding, with a floating share count of 177.13M. Insiders hold about 44.10% of the company’s shares, while institutions hold 13.50% stake in the company. Shares short for MVST as of 1726185600 were 13290376 with a Short Ratio of 6.46, compared to 1723680000 on 14099918. Therefore, it implies a Short% of Shares Outstanding of 13290376 and a Short% of Float of 13.900000000000002.
