Microvast Holdings Inc (MVST): A Great Stock For Handling Current Market Conditions?

Currently, there are 307.63M common shares owned by the public and among those 212.49M shares have been available to trade.

The company’s stock has a 5-day price change of 11.41% and -38.91% over the past three months. MVST shares are trading -40.21% year to date (YTD), with the 12-month market performance down to -21.78% lower. It has a 12-month low price of $0.53 and touched a high of $2.91 over the same period. MVST has an average intraday trading volume of 4.21 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 16.71%, 1.24%, and -43.31% respectively.

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Institutional ownership of Microvast Holdings Inc (NASDAQ: MVST) shares accounts for 20.88% of the company’s 307.63M shares outstanding.

It has a market capitalization of $264.94M and a beta (3y monthly) value of 1.47. The earnings-per-share (ttm) stands at -$0.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.67% over the week and 11.64% over the month.

Analysts forecast that Microvast Holdings Inc (MVST) will achieve an EPS of -$0.07 for the current quarter, -$0.07 for the next quarter and -$0.13 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.09 while analysts give the company a high EPS estimate of -$0.02. Comparatively, EPS for the current quarter was -$0.05 a year ago. Earnings per share for the fiscal year are expected to increase by 18.89%, and 93.55% over the next financial year.

Looking at the support for the MVST, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Overweight rating for the stock in a research note on November 29, 2023, with the firm’s price target at $8. Janney coverage for the Microvast Holdings Inc (MVST) stock in a research note released on August 31, 2023 offered a Buy rating with a price target of $8. H.C. Wainwright was of a view on April 03, 2023 that the stock is Buy, while Oppenheimer gave the stock Outperform rating on August 19, 2022, issuing a price target of $8. Piper Sandler on their part issued Neutral rating on December 17, 2021.

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