Microvast Holdings Inc. (NASDAQ:MVST) finished Thursday with a subtraction of -$0.06 to close at $1.57, a downside of -3.68 percent. An average of 3,498,220 shares of common stock have been traded in the last five days. There was a fall of -$0.3750 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 4,485,300 shares traded, while the 50-day average volume stands at 4,595,612.
MVST stock has decreased by -35.66% in the last month. The company shares reached their 1-month lowest point of $1.5400 on 08/24/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $0.88 and a high of $2.91 in 52 weeks. It has reached a new high 15 times so far this year and achieved 2.61% or $0.0400 in price. In spite of this, the price is down -46.05% from the 52-week high.
Valuation Metrics
Microvast Holdings Inc. (MVST) stock’s beta is 1.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.37, the price-to-book (PB) ratio at 0.84.
Financial Health
The quick ratio of Microvast Holdings Inc. for the three months ended June 29 was 1.20, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.13 and a total debt to equity ratio of 0.25 for the quarter ending June 29. Microvast Holdings Inc.’s EBITDA margin for the year ending June 29 is -67.99%, while its operating margin for the same period stands at -57.60%. Its gross profit as reported stood at $9.07 million compared to revenue of $204.5 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Microvast Holdings Inc.’s return on assets was -12.70%.
Earnings Surprise
For the three-month period that ended June 29, Microvast Holdings Inc. had $31.03 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$26.09 million in the quarter, while revenues of -$29.58 million were shrunk -69.34%. The analyst consensus anticipated Microvast Holdings Inc.’s latest quarter earnings to come in at -$0.09 per share, but it turned out to be -$0.02, a 77.80% surprise. For the quarter, EBITDA amounted to -$21.77 million. Shareholders own equity worth $316.31 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Microvast Holdings Inc. (MVST) price momentum. RSI 9-day as of the close on 24 August was 22.45%, suggesting the stock is oversold, with historical volatility in this time frame at 55.08%.
As of today, MVST’s price is $1.6580 -19.28% or -$0.3750 from its 5-day moving average. MVST is currently trading -36.18% lower than its 20-day SMA and +26.61% higher than its 100-day SMA.
The stochastic %K and %D were 2.44% and 2.83%, respectively, and the average true range (ATR) was 0.1854. With the 14-day stochastic at 2.38% and the average true range at 0.1986, the RSI (14) stands at 31.23%. The stock has reached -0.2094 on the 9-day MACD Oscillator while the 14-day reading was at -0.3538.
Analyst Ratings
H.C. Wainwright launched coverage on Microvast Holdings Inc. (NASDAQ: MVST) in its analyst report released on April 03, 2023. The firm assigned the stock a Buy rating. The consensus rating for Microvast Holdings Inc. (MVST) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MVST, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is MVST’s price target for the next 12 months?
Analysts predict a range of price targets between $8.00 and $8.00, with a median target of $8.00. Taking a look at these predictions, the average price target given by analysts for Microvast Holdings Inc. (MVST) stock is $8.00.
