Microvast Holdings Inc (MVST) concluded trading on Thursday at a closing price of $0.27, with 3.06 million shares of worth about $0.83 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -68.82% during that period and on August 29, 2024 the price saw a loss of about -2.12%. Currently the company’s common shares owned by public are about 315.01M shares, out of which, 173.88M shares are available for trading.
Stock saw a price change of -13.20% in past 5 days and over the past one month there was a price change of -31.35%. Year-to-date (YTD), MVST shares are showing a performance of -80.84% which decreased to -85.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.27 but also hit the highest price of $2.46 during that period. The average intraday trading volume for Microvast Holdings Inc shares is 2.47 million. The stock is currently trading -18.25% below its 20-day simple moving average (SMA20), while that difference is down -30.99% for SMA50 and it goes to -61.60% lower than SMA200.
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Microvast Holdings Inc (NASDAQ: MVST) currently have 315.01M outstanding shares and institutions hold larger chunk of about 13.18% of that.
The stock has a current market capitalization of $86.85M and its 3Y-monthly beta is at 1.72. It has posted earnings per share of -$0.49 in the same period. It has Quick Ratio of 0.71 while making debt-to-equity ratio of 0.46. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MVST, volatility over the week remained 8.95% while standing at 8.25% over the month.
Stock’s fiscal year EPS is expected to drop by -92.31% while it is estimated to increase by 120.00% in next year.
Coverage by Cantor Fitzgerald stated Microvast Holdings Inc (MVST) stock as an Overweight in their note to investors on November 29, 2023, suggesting a price target of $8 for the stock. On August 31, 2023, Janney Initiated their recommendations, while on April 03, 2023, H.C. Wainwright Initiated their ratings for the stock with a price target of $8. Stock get an Outperform rating from Oppenheimer on August 19, 2022.
