The stock price of Microvast Holdings Inc (NASDAQ: MVST) has dropped by -4.16 compared to previous close of 0.31. Despite this, the company has seen a gain of 0.07% in its stock price over the last five trading days. marketbeat.com reported 2024-08-19 that In 2021, the term SPAC became part of the investor’s dictionary. SPAC stands for special purpose acquisition company, and it was a way many companies went public in 2020 and 2021.
Is It Worth Investing in Microvast Holdings Inc (NASDAQ: MVST) Right Now?
Additionally, the 36-month beta value for MVST is 1.72. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for MVST is 173.88M and currently, short sellers hold a 8.11% ratio of that float. The average trading volume of MVST on August 27, 2024 was 2.53M shares.
MVST’s Market Performance
MVST’s stock has seen a 0.07% increase for the week, with a -26.13% drop in the past month and a -8.46% fall in the past quarter. The volatility ratio for the week is 4.78%, and the volatility levels for the past 30 days are at 7.40% for Microvast Holdings Inc. The simple moving average for the past 20 days is -10.75% for MVST’s stock, with a -57.39% simple moving average for the past 200 days.
Analysts’ Opinion of MVST
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see MVST reach a price target of $8. The rating they have provided for MVST stocks is “Overweight” according to the report published on November 29th, 2023.
Janney gave a rating of “Buy” to MVST, setting the target price at $8 in the report published on August 31st of the previous year.
MVST Trading at -23.57% from the 50-Day Moving Average
After a stumble in the market that brought MVST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.75% of loss for the given period.
Volatility was left at 7.40%, however, over the last 30 days, the volatility rate increased by 4.78%, as shares sank -22.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.79% lower at present.
During the last 5 trading sessions, MVST fell by -0.23%, which changed the moving average for the period of 200-days by -77.70% in comparison to the 20-day moving average, which settled at $0.3340. In addition, Microvast Holdings Inc saw -78.44% 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 MVST starting from Zheng Yanzhuan, who sale 1,000,000 shares at the price of $1.30 back on Nov 14 ’23. After this action, Zheng Yanzhuan now owns 710,000 shares of Microvast Holdings Inc, valued at $1,300,000 using the latest closing price.
Zheng Yanzhuan, the Director of Microvast Holdings Inc, sale 313,009 shares at $2.02 during a trade that took place back on Sep 15 ’23, which means that Zheng Yanzhuan is holding 1,710,000 shares at $632,278 based on the most recent closing price.
Stock Fundamentals for MVST
Current profitability levels for the company are sitting at:
- -0.24 for the present operating margin
- 0.24 for the gross margin
The net margin for Microvast Holdings Inc stands at -0.44. The total capital return value is set at -0.14. Equity return is now at value -29.16, with -15.53 for asset returns.
Based on Microvast Holdings Inc (MVST), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at -0.2. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 21.46.
Currently, EBITDA for the company is -85.75 million with net debt to EBITDA at -1.88. When we switch over and look at the enterprise to sales, we see a ratio of 0.61. The receivables turnover for the company is 3.02for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.
Conclusion
In conclusion, Microvast Holdings Inc (MVST) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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..
