Stock Market Recap: Microvast Holdings Inc (MVST) Concludes at 1.25, a 7.76 Surge/Decline

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After finishing at $1.16 in the prior trading day, Microvast Holdings Inc (NASDAQ: MVST) closed at $1.25, up 7.76%. In other words, the price has increased by $7.76 from its previous closing price. On the day, 11.21 million shares were traded. MVST stock price reached its highest trading level at $1.32 during the session, while it also had its lowest trading level at $1.09.

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 402660000 and an Enterprise Value of 571834752. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 1.541 whereas that against EBITDA is -30.124.

Stock Price History:

Over the past 52 weeks, MVST has reached a high of $1.95, while it has fallen to a 52-week low of $0.15. The 50-Day Moving Average of the stock is 165.98%, while the 200-Day Moving Average is calculated to be 177.81%.

Shares Statistics:

The stock has traded on average 27.02M shares per day over the past 3-months and 22812700 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 176.14M. Insiders hold about 45.32% of the company’s shares, while institutions hold 9.19% stake in the company. Shares short for MVST as of 1731628800 were 24111411 with a Short Ratio of 0.89, compared to 1728950400 on 13461360. Therefore, it implies a Short% of Shares Outstanding of 24111411 and a Short% of Float of 23.91.

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