Microvast Holdings Inc (NASDAQ: MVST) on Monday, plunged -5.71% from the previous trading day, before settling in for the closing price of $0.51. Within the past 52 weeks, MVST’s price has moved between $0.45 and $2.91.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Industrials Sector giant saw their annual sales surged by 25.17% over the last five years. The company achieved an average annual earnings per share of -120.51%. With a float of $212.58 million, this company’s outstanding shares have now reached $315.01 million.
The firm has a total of 2961 workers. Let’s measure their productivity.
Microvast Holdings Inc (MVST) Insider Activity
Observing investor behavior towards Electrical Equipment & Parts industry stocks is more important than anything else. The insider ownership of Microvast Holdings Inc is 32.98%, while institutional ownership is 20.78%. The most recent insider transaction that took place on Nov 14 ’23, was worth 1,300,000. In this transaction Director of this company sold 1,000,000 shares at a rate of $1.30, taking the stock ownership to the 710,000 shares. Before that another transaction happened on Sep 15 ’23, when Company’s Director sold 313,009 for $2.02, making the entire transaction worth $632,278. This insider now owns 1,710,000 shares in total.
Microvast Holdings Inc (MVST) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 54.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -120.51% per share during the next fiscal year.
Microvast Holdings Inc (NASDAQ: MVST) Trading Performance Indicators
Microvast Holdings Inc (MVST) is currently performing well based on its current performance indicators. A quick ratio of 0.67 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.50.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.34, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.21 in one year’s time.
Technical Analysis of Microvast Holdings Inc (MVST)
Analysing the last 5-days average volume posted by the [Microvast Holdings Inc, MVST], we can find that recorded value of 4.09 million was lower than the volume posted last year of 4.84 million. As of the previous 9 days, the stock’s Stochastic %D was 18.35%. Additionally, its Average True Range was 0.08.
During the past 100 days, Microvast Holdings Inc’s (MVST) raw stochastic average was set at 3.04%, which indicates a significant decrease from 6.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 188.22% in the past 14 days, which was higher than the 119.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7432, while its 200-day Moving Average is $1.4159. Now, the first resistance to watch is $0.5004. This is followed by the second major resistance level at $0.5151. The third major resistance level sits at $0.5253. If the price goes on to break the first support level at $0.4755, it is likely to go to the next support level at $0.4653. Should the price break the second support level, the third support level stands at $0.4506.
Microvast Holdings Inc (NASDAQ: MVST) Key Stats
Market capitalization of the company is 154.04 million based on 317,206K outstanding shares. Right now, sales total 306,620 K and income totals -106,340 K. The company made 104,580 K in profit during its latest quarter, and -24,540 K in sales during its previous quarter.
