Last Week, Microvast Holdings Inc. (MVST) Recorded A Gain Of $50.68

At the last check on Friday, Microvast Holdings Inc.’s (NASDAQ:MVST) stock was down -$0.13, moving down -4.32 percent to $2.88. The average number of shares traded per day over the past five days has been 2,119,498 shares. 3 times new highs have been achieved over the past 5 days, with a $0.20 gain in that time frame. In the last twenty days, the average volume was 2,231,069, while in the previous 50 days, it was 3,623,598.

Since last month, MVST stock rose 36.20%. Shares of the company fell to $2.00 on 07/25/22, the lowest level in the past month. A 52-week high of $15.91 was reached on 03/10/22 after having rallying from a 52-week low of $2.00. Since the beginning of this year, MVST’s stock price has dropped by -46.82% or -$2.81, and marked a new high 9 times. However, the stock has declined by -81.90% since its 52-week high.

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Microvast Holdings Inc. (MVST) last reported insider trading activity 52 days ago on Jun 14. Smith Shane, the Chief Operating Officer of the company, purchased of 250,000 shares for $2.50 on Jun 14. It resulted in a $625,000 investment by the insider. Webster Craig added 287,000 shares at an average price of $2.57 on Jun 13. The insider now owns 315,077 shares following the transaction. On Jun 10, Chief Financial Officer Webster Craig bought 13,000 shares at $2.91 apiece. The transaction was valued at $37,830.

Valuation Metrics

The stock’s beta is 0.90. Besides these, the trailing price-to-sales (P/S) ratio of 4.15, the price-to-book (PB) ratio of 1.37.

Financial Health

In the three months ended March 30, Microvast Holdings Inc.’s quick ratio stood at 3.30, while its current ratio was 3.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.11, and the total debt-to-equity ratio was 0.24. On the profitability front, the trailing twelve-month gross margin is -23.90% percent. Based on annual data, MVST earned -$42.74 million in gross profit and brought in $151.98 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -23.30%. Return on equity (ROE) for the past 12 months was -62.00%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MVST’s revenue rose 100.0% to $115.08 million during the quarter, while net income inched up to $36.67 million. While analysts expected Microvast Holdings Inc. to report -$0.17 quarterly earnings, the actual figure was -$0.1 per share, beating the consensus estimate by 41.20%. During the quarter, the company generated -$37.8 million in EBITDA. The liabilities of Microvast Holdings Inc. were 341.34 million at the end of its most recent quarter ended March 30, and its total debt was $175.48 million. The value of shareholders’ equity is $302.54 million.

Technical Picture

This quick technical analysis looks at Microvast Holdings Inc.’s (MVST) price momentum. With a historical volatility rate of 152.86%, the RSI 9-day stood at 62.16% on 04 August.

With respect to its five-day moving average, the current Microvast Holdings Inc. price is up by +7.55% percent or $0.20. At present, MVST shares trade +14.92% above its 20-day simple moving average and -62.20% percent below its 100-day simple moving average. However, the stock is currently trading approximately -30.83% below its SMA50 and -64.81% below its SMA200.

Stochastic coefficient K was 66.61% and Stochastic coefficient D was 72.63%, while ATR was 0.32. Given the Stochastic reading of 56.67% for the 14-day period, the RSI (14) reading has been calculated as 56.53%. As of today, the MACD Oscillator reading stands at 0.27, while the 14-day reading stands at 0.45.

Analyst Ratings

Piper Sandler launched its rating on Microvast Holdings Inc. (NASDAQ: MVST) to a Neutral in a note to investors on December 17, 2021. Microvast Holdings Inc. (MVST) has been rated Sell by analysts. According to 1 brokerage firm, MVST is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Microvast Holdings Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $4.00, the current consensus forecast for the stock is $4.00 – $4.00. Based on these forecasts, analysts predict Microvast Holdings Inc. (MVST) will achieve an average price target of $4.00.


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