Microvast Holdings Inc (NASDAQ:MVST) saw an upside of 2.53% to $1.83 after adding $0.05 on Wednesday. The 5-day average trading volume is 1,425,056 shares of the company’s common stock. It has gained $1.8650 in the past week and touched a new high 2 times within the past 5 days. An average of 3,114,509 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,853,370.
MVST’s 1-month performance is 5.49% or $0.1650 on its low of $1.6500 reached on 08/28/23. The company’s shares have touched a 52-week low of $0.88 and high of $2.91, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, MVST has achieved 19.28% or $0.2850 and has reached a new high 15 times. However, the current price is down -37.29% from the 52-week high price.
Insider Transactions
MVST stock investors last saw insider trading activity on Sep 15.Zheng Yanzhuan (Director) most recently sold 313,009 shares at $2.02 per share on Sep 15. This transaction cost the insider $632,278.
Valuation Metrics
MVST stock has a beta of 1.52. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.51 while the price-to-book (PB) in the most recent quarter is 0.97.
Microvast Holdings Inc’s quick ratio for the period ended June 29 was 1.16, with the current ratio over the same period at 1.46. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.16, while the total debt to equity was 0.28. In terms of profitability, the gross margin trailing 12 months is 9.11%. The trailing 12-month EBITDA margin is -67.99% while for the period ending June 29, Microvast Holdings Inc’s operating margin was -58.38%. The firm’s gross profit as reported stood at $9.07 million against revenue of $204.5 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -69.34% to -$26.09 million, while revenue of -$29.58 million was -13.38% off the previous quarter. Analysts expected MVST to announce -$0.09 per share in earnings in its latest quarter, but it posted -$0.02, representing a 77.80% surprise. EBITDA for the quarter stood at more than -$21.77 million. MVST stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 417.95 million, with total debt at $164.1 million. Shareholders hold equity totaling $316.31 million.
Let’s look briefly at Microvast Holdings Inc (MVST) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 37.13% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.03%.
The stock’s 5-day moving average is $1.7810, reflecting a -1.36% or -$0.0250 change from its current price. MVST is currently trading -0.82% above its 20-day SMA, +69.63% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -32.53% and SMA200 by-4.97%.
Stochastic %K and %D was 12.71% and 9.36% and the average true range (ATR) pointed at 0.1221. The RSI (14) points at 40.73%, while the 14-day stochastic is at 17.80% with the period’s ATR at 0.1401. The stock’s 9-day MACD Oscillator is pointing at -0.0622 and -0.1696 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Microvast Holdings Inc (NASDAQ: MVST), Janney launched coverage with a Buy rating. Analysts offering their rating for MVST stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate MVST as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is MVST’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.00 and a high of $8.00, with their median price target at $8.00. Looking at these predictions, the average price target given by analysts is for Microvast Holdings Inc (MVST) stock is $8.00.
