As of Thursday close, Microvast Holdings Inc.’s (NASDAQ:MVST) stock was up $0.42, moving up 23.20 percent to $2.23. The average number of shares traded per day over the past five days has been 4,477,280 shares. 5 times new highs have been achieved over the past 5 days, with a $0.6600 gain in that time frame. In the last twenty days, the average volume was 4,151,765, while in the previous 50 days, it was 4,676,944.
Since last month, MVST stock retreated -16.32%. Shares of the company fell to $1.5300 on 08/25/23, the lowest level in the past month. A 52-week high of $2.91 was reached on 08/01/23 after having rallying from a 52-week low of $0.88. Since the beginning of this year, MVST’s stock price has risen by 45.75% or $0.7000, and marked a new high 15 times. However, the stock has declined by -23.37% since its 52-week high.
MVST stock investors should be aware that Microvast Holdings Inc. (MVST) stock had its last reported insider trading activity 10 days ago on Aug 22. Webster Craig, the Chief Financial Officer of the company, purchased of 13,000 shares for $1.64 on Aug 22. It resulted in a $21,320 investment by the insider.
Valuation Metrics
The stock’s beta is 1.50. Besides these, the trailing price-to-sales (P/S) ratio of 2.91, the price-to-book (PB) ratio of 1.19.
Financial Health
In the three months ended June 29, Microvast Holdings Inc.’s quick ratio stood at 1.20, while its current ratio was 1.50, 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 June 29 was 0.13, and the total debt-to-equity ratio was 0.25. On the profitability front, the trailing twelve-month gross margin is 9.10% percent. In the year ended June 29, EBITDA margin amounted to -67.99%, whereas operating margins totaled -57.60%. Based on annual data, MVST earned $9.07 million in gross profit and brought in $204.5 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 -20.70%. Return on equity (ROE) for the past 12 months was -20.90%.
In Microvast Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $31.03 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MVST’s revenue rose 14.06% to $46.97 million during the quarter, while net income inched up to $74.95 million. While analysts expected Microvast Holdings Inc. to report -$0.09 quarterly earnings, the actual figure was -$0.02 per share, beating the consensus estimate by 77.80%. During the quarter, the company generated -$21.77 million in EBITDA. The liabilities of Microvast Holdings Inc. were 417.95 million at the end of its most recent quarter ended June 29, and its total debt was $164.1 million. The value of shareholders’ equity is $316.31 million.
Technical Picture
This quick technical analysis looks at Microvast Holdings Inc.’s (MVST) price momentum. With a historical volatility rate of 123.86%, the RSI 9-day stood at 65.86% on 31 August.
With respect to its five-day moving average, the current Microvast Holdings Inc. price is up by +42.04% percent or $0.6600. At present, MVST shares trade -15.21% below its 20-day simple moving average and +70.23% percent above its 100-day simple moving average. However, the stock is currently trading approximately +41.14% above its SMA50 and -9.35% below its SMA200.
Stochastic coefficient K was 60.85% and Stochastic coefficient D was 41.16%, while ATR was 0.2000. Given the Stochastic reading of 92.08% for the 14-day period, the RSI (14) reading has been calculated as 57.99%. As of today, the MACD Oscillator reading stands at 0.2100, while the 14-day reading stands at 0.1300.
Analyst Ratings
Janney launched its rating on Microvast Holdings Inc. (NASDAQ: MVST) to a Buy in a note to investors on Sep-01-23. Microvast Holdings Inc. (MVST) has been rated Buy by analysts. According to 0 brokerage firms, 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 3 recommending it as overweight.
With a median target price of $8.00, the current consensus forecast for the stock is $8.00 – $8.00. Based on these forecasts, analysts predict Microvast Holdings Inc. (MVST) will achieve an average price target of $8.00.
