Microvast Holdings Inc (MVST) concluded trading on Wednesday at a closing price of $2.08, with 7.63 million shares of worth about $15.86 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 394.77% during that period and on January 22, 2025 the price saw a loss of about -2.80%. Currently the company’s common shares owned by public are about 322.13M shares, out of which, 178.89M shares are available for trading.
Stock saw a price change of 1.46% in past 5 days and over the past one month there was a price change of 80.87%. Year-to-date (YTD), MVST shares are showing a performance of 0.48% which increased to 121.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.15 but also hit the highest price of $2.87 during that period. The average intraday trading volume for Microvast Holdings Inc shares is 34.94 million. The stock is currently trading -3.19% below its 20-day simple moving average (SMA20), while that difference is up 49.58% for SMA50 and it goes to 240.20% higher than SMA200.
Microvast Holdings Inc (NASDAQ: MVST) currently have 322.13M outstanding shares and institutions hold larger chunk of about 9.19% of that.
The stock has a current market capitalization of $670.02M and its 3Y-monthly beta is at 2.14. It has posted earnings per share of -$0.37 in the same period. It has Quick Ratio of 0.83 while making debt-to-equity ratio of 0.52. 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 12.20% while standing at 20.25% over the month.
Analysts are in expectations that Microvast Holdings Inc (MVST) stock would likely to be making an EPS of 0.0 in the current quarter, while forecast for next quarter EPS is 0.01 and it is 0.1 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.0 which is 0.0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -103.85% while it is estimated to increase by 113.21% 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.
