Microvast Holdings Inc (NASDAQ: MVST) kicked off on Monday, up 0.54% from the previous trading day, before settling in for the closing price of $0.50. Over the past 52 weeks, MVST has traded in a range of $0.45-$2.91.
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Annual sales at Industrials sector company grew by 25.17% over the past five years. While this was happening, its average annual earnings per share was recorded -120.51%. With a float of $170.03 million, this company’s outstanding shares have now reached $315.01 million.
Let’s look at the performance matrix of the company that is accounted for 2961 employees.
Microvast Holdings Inc (MVST) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Electrical Equipment & Parts Industry. The insider ownership of Microvast Holdings Inc is 46.40%, 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) Latest Financial update
In the latest quarterly report, which was put into the public domain on 12/31/2023, the organization reported -$0.08 earnings per share (EPS), lower than consensus estimate (set at -$0.07) by -$0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 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
Take a look at Microvast Holdings Inc’s (MVST) current performance indicators. Last quarter, stock had a quick ratio of 0.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.52.
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)
Microvast Holdings Inc (NASDAQ: MVST) saw its 5-day average volume 2.95 million, a negative change from its year-to-date volume of 4.72 million. As of the previous 9 days, the stock’s Stochastic %D was 31.21%. Additionally, its Average True Range was 0.07.
During the past 100 days, Microvast Holdings Inc’s (MVST) raw stochastic average was set at 4.58%, which indicates a significant decrease from 21.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 81.41% in the past 14 days, which was lower than the 111.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7043, while its 200-day Moving Average is $1.3862. Nevertheless, the first resistance level for the watch stands at $0.5207 in the near term. At $0.5388, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.5492. If the price goes on to break the first support level at $0.4922, it is likely to go to the next support level at $0.4818. The third support level lies at $0.4637 if the price breaches the second support level.
Microvast Holdings Inc (NASDAQ: MVST) Key Stats
The company with the Market Capitalisation of 159.40 million has total of 317,206K Shares Outstanding. Its annual sales at the moment are 306,620 K in contrast with the sum of -106,340 K annual income. Company’s last quarter sales were recorded 104,580 K and last quarter income was -24,540 K.
