Microvast Holdings Inc (NASDAQ:MVST) shares, rose in value on Thursday, March 27, with the stock price down by -3.23% to the previous day’s close as strong demand from buyers drove the stock to $1.20.
Actively observing the price movement in the last trading, the stock closed the session at $1.24, falling within a range of $1.18 and $1.27. The value of beta (5-year monthly) was 2.207. Referring to stock’s 52-week performance, its high was $2.87, and the low was $0.15. On the whole, MVST has fluctuated by -30.23% over the past month.
With the market capitalization of Microvast Holdings Inc currently standing at about $388.67 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-11.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 358.92M, with a low estimate of 92.5M and a high estimate of 92.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 92.5M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MVST’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of MVST currently trading nearly -14.74% and -29.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.22, while the 7-day volatility ratio is showing 9.29% which for the 30-day chart, stands at 8.70%. Furthermore, Microvast Holdings Inc (MVST)’s beta value is 2.53, and its average true range (ATR) is 0.14.
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 -3.23% in last session, and over the past year, it grew by 56.54%%.
Data on historical trading for Microvast Holdings Inc (NASDAQ:MVST) indicates that the trading volumes over the past 10 days have averaged 3.58 and over the past 3 months, they’ve averaged 8.71 million. According to company’s latest data on outstanding shares, there are 322.13 million shares outstanding.
Nearly 40.30% of Microvast Holdings Inc’s shares belong to company insiders and institutional investors own 8.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 21.91 million shares as on 2025-03-14, resulting in a short ratio of 4.68. According to the data, the short interest in Microvast Holdings Inc (MVST) stood at 2135.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 17.78 million. The stock has fallen by -42.03% 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.
