Microvast Holdings Inc (NASDAQ: MVST): A Stock Worth Watching

Microvast Holdings Inc (NASDAQ:MVST) shares, rose in value, with the stock price up by 2.81% to the previous day’s close as strong demand from buyers drove the stock to $0.61.

Actively observing the price movement in the last trading, the stock closed the session at $0.59. The value of beta (5-year monthly) was 1.47. Referring to stock’s 52-week performance, its high was $2.91, and the low was $0.53. On the whole, MVST has fluctuated by -22.23% over the past month.

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With the market capitalization of Microvast Holdings Inc currently standing at about $192.01 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 14, 2024 – Mar 18, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.08, which is expected to increase to -$0.05 for fiscal year -$0.25 and then to about -$0.15 by fiscal year 2025. Data indicates that the EPS growth is expected to be 26.50% in 2025, while the next year’s EPS growth is forecast to be 40.00%.

Analysts have estimated the company’s revenue for the quarter at $81.67 million, with a low estimate of $67.5 million and a high estimate of $97.25 million. According to the average forecast, sales growth in current quarter could jump up 73.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $467.67 million, representing an increase of 52.50% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MVST’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MVST currently trading nearly -14.70% and -25.60% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.48, while the 7-day volatility ratio is showing 15.01% which for the 30-day chart, stands at 12.85%. Furthermore, Microvast Holdings Inc (MVST)’s beta value is 1.50, and its average true range (ATR) is 0.11.

A comparison of Microvast Holdings Inc (MVST) with its peers suggests the former has fared considerably weaker in the market. MVST showed an intraday change of 2.81% in last session, and over the past year, it shrunk by -51.08%%.

Data on historical trading for Microvast Holdings Inc (NASDAQ:MVST) indicates that the trading volumes over the past 10 days have averaged 8.55 million and over the past 3 months, they’ve averaged 4.61 million. According to company’s latest data on outstanding shares, there are 315.01 million shares outstanding.

Nearly 32.98% of Microvast Holdings Inc’s shares belong to company insiders and institutional investors own 20.87% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 29.97 million shares as on Mar 15, 2024, resulting in a short ratio of 7.44. According to the data, the short interest in Microvast Holdings Inc (MVST) stood at 9.52% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 24.93 million. The stock has fallen by -56.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MVST stock heading into the next quarter.