Microvast Holdings Inc (MVST) concluded trading on Thursday at a closing price of $0.16, with 8.41 million shares of worth about $1.35 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -63.22% during that period and on November 07, 2024 the price saw a loss of about -14.21%. Currently the company’s common shares owned by public are about 315.01M shares, out of which, 174.07M shares are available for trading.
Stock saw a price change of -15.65% in past 5 days and over the past one month there was a price change of -25.51%. Year-to-date (YTD), MVST shares are showing a performance of -88.53% which decreased to -87.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.18 but also hit the highest price of $1.55 during that period. The average intraday trading volume for Microvast Holdings Inc shares is 2.01 million. The stock is currently trading -21.52% below its 20-day simple moving average (SMA20), while that difference is down -31.25% for SMA50 and it goes to -65.09% 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 13.44% of that.
The stock has a current market capitalization of $50.89M 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 12.50% while standing at 8.53% 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.
