Microvast Holdings Inc (NASDAQ:MVST) traded at $0.42 at close of the session on Monday, April 29, made an upward move of 1.29% on its previous day’s price.
Looking at the stock we see that its previous close was $0.41. In terms of its 52-week price range, MVST has a high of $2.91 and a low of $0.32. The company’s stock has lost about -50.25% over that past 30 days.
Microvast Holdings Inc has a market cap of $132.09 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.08, with the EPS growth for the year raised at -$0.29 for 2024 and -$0.28 for next year. These figures represent 14.70% and 3.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $67.58 million, with a low of $67.25 million and a high of $68 million. The median projection represents growth squeezing down to 43.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $349.13 million, or 13.90% up from figures reported last year.
On the other hand, looking at the outlook for the MVST stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -20.17% off its SMA20 and -37.16% from its 50-day simple moving average. The RSI (14) is pointing at 33.61 while the volatility over the past week is 15.76% and jumps to 13.38% over the past one month. The beta value is 1.57, while the average true range (ATR) is currently pointing at 0.07.
Coming back to Microvast Holdings Inc (NASDAQ:MVST), we note that the average 3-month trading volume was 5.27 million. Current shares outstanding are 315.01 million.
The insiders hold 46.40% of the company’s shares while institutions hold 20.78%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -70.26% down in year-to-date price movement.
