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In the latest session, Microvast Holdings Inc (NASDAQ: MVST) closed at $0.29 up 7.38% from its previous closing price of $0.27. In other words, the price has increased by $7.38 from its previous closing price. On the day, 1.09 million shares were traded. MVST stock price reached its highest trading level at $0.2942 during the session, while it also had its lowest trading level at $0.265.
Ratios:
For a deeper understanding of Microvast Holdings Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 14 ’23 when Zheng Yanzhuan sold 1,000,000 shares for $1.30 per share. The transaction valued at 1,300,000 led to the insider holds 710,000 shares of the business.
Zheng Yanzhuan sold 313,009 shares of MVST for $632,278 on Sep 15 ’23. The Director now owns 1,710,000 shares after completing the transaction at $2.02 per share.
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 91263744 and an Enterprise Value of 243290800. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 0.19. Its current Enterprise Value per Revenue stands at 0.696 whereas that against EBITDA is -4.274.
Stock Price History:
Over the past 52 weeks, MVST has reached a high of $2.46, while it has fallen to a 52-week low of $0.25. The 50-Day Moving Average of the stock is -25.09%, while the 200-Day Moving Average is calculated to be -58.43%.
Shares Statistics:
For the past three months, MVST has traded an average of 2.47M shares per day and 1570590 over the past ten days. A total of 315.01M shares are outstanding, with a floating share count of 178.02M. Insiders hold about 46.30% of the company’s shares, while institutions hold 13.18% stake in the company. Shares short for MVST as of 1723680000 were 14099918 with a Short Ratio of 5.70, compared to 1721001600 on 15697138. Therefore, it implies a Short% of Shares Outstanding of 14099918 and a Short% of Float of 7.4499995.
