In the past week, MVLA stock has gone up by 37.42%, with a monthly gain of 65.93% and a quarterly plunge of -16.73%. The volatility ratio for the week is 25.81%, and the volatility levels for the last 30 days are 11.15% for Movella Holdings Inc. The simple moving average for the past 20 days is 41.15% for MVLA’s stock, with a -68.32% simple moving average for the past 200 days.
Is It Worth Investing in Movella Holdings Inc. (NASDAQ: MVLA) Right Now?
Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Movella Holdings Inc. (MVLA) is $4.75, which is $2.76 above the current market price. The public float for MVLA is 33.79M, and currently, short sellers hold a 1.83% ratio of that float. The average trading volume of MVLA on May 26, 2023 was 923.74K shares.
MVLA) stock’s latest price update
Movella Holdings Inc. (NASDAQ: MVLA)’s stock price has decreased by -1.32 compared to its previous closing price of 2.27. However, the company has seen a 37.42% increase in its stock price over the last five trading sessions.
MVLA Trading at 48.38% from the 50-Day Moving Average
After a stumble in the market that brought MVLA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.18% of loss for the given period.
Volatility was left at 11.15%, however, over the last 30 days, the volatility rate increased by 25.81%, as shares surge +63.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.56% upper at present.
During the last 5 trading sessions, MVLA rose by +36.20%, which changed the moving average for the period of 200-days by -77.37% in comparison to the 20-day moving average, which settled at $1.63. In addition, Movella Holdings Inc. saw -77.76% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MVLA starting from SMITH STEPHEN M, who purchase 61,524 shares at the price of $1.65 back on May 24. After this action, SMITH STEPHEN M now owns 100,000 shares of Movella Holdings Inc., valued at $101,453 using the latest closing price.
Bie Boele de, the Chief Operating Officer of Movella Holdings Inc., purchase 10,000 shares at $1.80 during a trade that took place back on May 23, which means that Bie Boele de is holding 10,000 shares at $18,000 based on the most recent closing price.
Stock Fundamentals for MVLA
Equity return is now at value 4.50, with 4.30 for asset returns.
Conclusion
To put it simply, Movella Holdings Inc. (MVLA) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
