In the latest session, Movella Holdings Inc (NASDAQ: MVLA) closed at $0.26 down -16.13% from its previous closing price of $0.31. In other words, the price has decreased by -$0.0558 from its previous closing price. On the day, 1202917 shares were traded. MVLA stock price reached its highest trading level at $0.3300 during the session, while it also had its lowest trading level at $0.2400.
Ratios:
For a deeper understanding of Movella Holdings Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.14 and its Current Ratio is at 5.67. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.74.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on June 02, 2023, initiated with a Buy rating and assigned the stock a target price of $4.
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 Aug 31 when Lee Ben A bought 33,993 shares for $0.80 per share. The transaction valued at 27,354 led to the insider holds 1,172,010 shares of the business.
Lee Ben A bought 26,007 shares of MVLA for $21,326 on Aug 30. The President and CEO now owns 1,138,017 shares after completing the transaction at $0.82 per share. On Aug 29, another insider, Lee Ben A, who serves as the President and CEO of the company, bought 27,295 shares for $0.83 each. As a result, the insider paid 22,715 and bolstered with 1,112,010 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, MVLA now has a Market Capitalization of 15.78M and an Enterprise Value of 18.83M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.76 while its Price-to-Book (P/B) ratio in mrq is 0.19. Its current Enterprise Value per Revenue stands at -33.69 whereas that against EBITDA is 3.08.
Stock Price History:
Over the past 52 weeks, MVLA has reached a high of $4.18, while it has fallen to a 52-week low of $0.29. The 50-Day Moving Average of the stock is 0.4276, while the 200-Day Moving Average is calculated to be 1.0371.
Shares Statistics:
For the past three months, MVLA has traded an average of 220.02K shares per day and 154.48k over the past ten days. A total of 32.50M shares are outstanding, with a floating share count of 27.23M. Insiders hold about 46.50% of the company’s shares, while institutions hold 6.91% stake in the company. Shares short for MVLA as of Jan 31, 2024 were 116.74k with a Short Ratio of 0.53, compared to 210.16k on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.23% and a Short% of Float of 0.36%.
