Microvast Holdings Inc (NASDAQ: MVST) has seen a rise in its stock price by 9.01 in relation to its previous close of 0.67. However, the company has experienced a 16.50% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-12 that Microvast Holdings, Inc. Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Yang Wu – Founder, Chairman and CEO Fariyal Khanbabi – CFO Conference Call Participants Operator Thank you for standing by. This is the conference operator.
Is It Worth Investing in Microvast Holdings Inc (NASDAQ: MVST) Right Now?
Company’s 36-month beta value is 2.25.Analysts have differing opinions 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 176.14M, and currently, short sellers hold a 7.92% ratio of that floaft. The average trading volume of MVST on November 26, 2024 was 23.37M shares.
MVST’s Market Performance
MVST’s stock has seen a 16.50% increase for the week, with a 239.89% rise in the past month and a 142.81% gain in the past quarter. The volatility ratio for the week is 21.57%, and the volatility levels for the past 30 days are at 23.13% for Microvast Holdings Inc The simple moving average for the past 20 days is 77.55% for MVST’s stock, with a 65.57% 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 135.16% 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 -53.16% of loss for the given period.
Volatility was left at 23.13%, however, over the last 30 days, the volatility rate increased by 21.57%, as shares surge +243.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +159.01% upper at present.
During the last 5 trading sessions, MVST rose by +16.50%, which changed the moving average for the period of 200-days by -28.12% in comparison to the 20-day moving average, which settled at $0.4089. In addition, Microvast Holdings Inc saw -48.14% 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 Balladon Yeelong, who proposed sale 42,398 shares at the price of $0.57 back on Nov 19 ’24. After this action, Balladon Yeelong now owns shares of Microvast Holdings Inc, valued at $24,358 using the latest closing price.
Stephen A. Vogel, the Former Board Member of Microvast Holdings Inc, proposed sale 236,055 shares at $0.28 during a trade that took place back on Sep 26 ’24, which means that Stephen A. Vogel is holding shares at $66,095 based on the most recent closing price.
Stock Fundamentals for MVST
Current profitability levels for the company are sitting at:
- -0.31 for the present operating margin
- 0.27 for the gross margin
The net margin for Microvast Holdings Inc stands at -0.31. The total capital return value is set at -0.17. Equity return is now at value -21.32, with -11.24 for asset returns.
Based on Microvast Holdings Inc (MVST), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is -14.18.
Currently, EBITDA for the company is -80.85 million with net debt to EBITDA at -2.67. When we switch over and look at the enterprise to sales, we see a ratio of 1.17. The receivables turnover for the company is 3.05for 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 1.30.
Conclusion
In a nutshell, Microvast Holdings Inc (MVST) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
