Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
In the latest session, Microvast Holdings Inc (NASDAQ: MVST) closed at $2.06 down -4.63% from its previous closing price of $2.16. In other words, the price has decreased by -$4.63 from its previous closing price. On the day, 11.32 million shares were traded. MVST stock price reached its highest trading level at $2.3 during the session, while it also had its lowest trading level at $2.0.
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 0.83 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:
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 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 663583680 and an Enterprise Value of 863268544. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.79 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 2.327 whereas that against EBITDA is -45.476.
Stock Price History:
The Beta on a monthly basis for MVST is 2.14, which has changed by 1.0787084 over the last 52 weeks, in comparison to a change of 0.23631513 over the same period for the S&P500. Over the past 52 weeks, MVST has reached a high of $2.87, while it has fallen to a 52-week low of $0.15. The 50-Day Moving Average of the stock is 56.81%, while the 200-Day Moving Average is calculated to be 245.58%.
Shares Statistics:
For the past three months, MVST has traded an average of 34.15M shares per day and 17450000 over the past ten days. A total of 322.13M shares are outstanding, with a floating share count of 178.89M. Insiders hold about 44.46% of the company’s shares, while institutions hold 9.19% stake in the company. Shares short for MVST as of 1735603200 were 13938333 with a Short Ratio of 0.41, compared to 1732838400 on 13528505. Therefore, it implies a Short% of Shares Outstanding of 13938333 and a Short% of Float of 13.819999999999999.
