Microvast Holdings Inc (NASDAQ:MVST) price on current trading day, fall -11.19% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.27.
A look at the stock’s price movement, the close in the last trading session was $1.43, moving within a range at $1.25 and $1.41. The beta value (5-Year monthly) was 2.207. Turning to its 52-week performance, $2.87 and $0.15 were the 52-week high and 52-week low respectively. Overall, MVST moved -43.05% over the past month.
Microvast Holdings Inc’s market cap currently stands at around $411.35 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-11.
Analysts have a consensus estimate of 92.5M for the company’s revenue for the quarter, with a low and high estimate of 92.5M and 92.5M respectively. The average forecast suggests down to a -11.54% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 358.92M, representing a 17.06% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MVST is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend MVST as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MVST’s current price about -19.52% and -29.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.55, while 7-day volatility ratio is 6.94% and 9.44% in the 30-day chart. Further, Microvast Holdings Inc (MVST) has a beta value of 2.47, and an average true range (ATR) of 0.16. Analysts have given the company’s stock an average 52-week price target of $8, forecast between a low of $8 and high of $8. Looking at the price targets, the low is -529.92% off current price level while to achieve the yearly target high, price needs to move -529.92%. Nonetheless, investors will most likely welcome a -529.92% jump to $8 which is the analysts’ median price.
If we refocus on Microvast Holdings Inc (NASDAQ:MVST), historical trading data shows that trading volumes averaged 3.08 over the past 10 days and 10.78 million over the past 3 months. The company’s latest data on shares outstanding shows there are 322.13 million shares.
The 40.30% of Microvast Holdings Inc’s shares are in the hands of company insiders while institutional holders own 8.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 18.94 million on 2025-02-28, giving us a short ratio of 2.99. The data shows that as of 2025-02-28 short interest in Microvast Holdings Inc (MVST) stood at 1845.9999999999998 of shares outstanding, with shares short rising to 16.38 million registered in 2025-01-31. Current price change has pushed the stock -38.65% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MVST stock continues to rise going into the next quarter.
