The stock price of Microvast Holdings Inc (NASDAQ: MVST) has surged by 3.62 when compared to previous closing price of 0.20, but the company has seen a -0.05% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-11-01 that STAFFORD, Texas–(BUSINESS WIRE)–Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the third quarter of 2024 after market close on Tuesday, November 12, 2024. Following the earnings press release, Microvast management will host a webcast and earnings conference call at 4:00 p.m. Central Time (5:00 p.m. E.
Is It Worth Investing in Microvast Holdings Inc (NASDAQ: MVST) Right Now?
MVST has 36-month beta value of 1.72. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for MVST is 174.07M, and currently, short sellers hold a 7.73% ratio of that float. The average trading volume of MVST on November 05, 2024 was 2.01M shares.
MVST’s Market Performance
MVST’s stock has seen a -0.05% decrease for the week, with a -13.92% drop in the past month and a -43.50% fall in the past quarter. The volatility ratio for the week is 8.93%, and the volatility levels for the past 30 days are at 7.45% for Microvast Holdings Inc The simple moving average for the last 20 days is -2.80% for MVST stock, with a simple moving average of -56.50% for the last 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 -14.65% 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 -86.88% of loss for the given period.
Volatility was left at 7.45%, however, over the last 30 days, the volatility rate increased by 8.93%, as shares sank -8.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.17% lower at present.
During the last 5 trading sessions, MVST rose by +0.34%, which changed the moving average for the period of 200-days by -79.39% in comparison to the 20-day moving average, which settled at $0.2093. In addition, Microvast Holdings Inc saw -85.47% 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 Stephen A. Vogel, who proposed sale 236,055 shares at the price of $0.28 back on Sep 26 ’24. After this action, Stephen A. Vogel now owns shares of Microvast Holdings Inc, valued at $66,095 using the latest closing price.
Stephen A. Vogel, the Former Board Member of Microvast Holdings Inc, proposed sale 2,800,000 shares at $0.27 during a trade that took place back on Sep 06 ’24, which means that Stephen A. Vogel is holding shares at $761,600 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 -335.17.
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 0.51. 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
To put it simply, Microvast Holdings Inc (MVST) has had a bad 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.
