At the time of writing, Microvast Holdings Inc [MVST] stock is trading at $0.86, up 6.04%. An important factor to consider is whether the stock is rising or falling in short-term value. The MVST shares have gain 15.46% over the last week, with a monthly amount drifted -7.42%, and not seem to be holding up well over a long-time horizon.
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On 9, November 2023, Microvast Reports Third Quarter 2023 Financial Results. In a post published today on Yahoo Finance, Revenue increased 107.5% year over year to $80.1 million.
From an analyst’s perspective:
Microvast Holdings Inc [NASDAQ: MVST] stock has seen the most recent analyst activity on November 29, 2023, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $8. Previously, Janney started tracking the stock with Buy rating on August 31, 2023, and set its price target to $8. On April 03, 2023, H.C. Wainwright initiated with a Buy rating and assigned a price target of $8 on the stock. Oppenheimer started tracking the stock assigning a Outperform rating and suggested a price target of $8 on August 19, 2022. Piper Sandler initiated its recommendation with a Neutral and recommended $8 as its price target on December 17, 2021.
For the past year, the stock price of Microvast Holdings Inc fluctuated between $0.72 and $2.91. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Microvast Holdings Inc [NASDAQ: MVST] shares were valued at $0.86 at the most recent close of the market. An investor can expect a potential return of 830.23% based on the average MVST price forecast.
Analyzing the MVST fundamentals
According to Microvast Holdings Inc [NASDAQ:MVST], the company’s sales were 266.84M for trailing twelve months, which represents an 107.47% jump. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at -0.45%, Pretax Profit Margin comes in at -0.43%, and Net Profit Margin reading is -0.43%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.2 and Total Capital is -0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.8188 points at the first support level, and at 0.7773 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.8930, and for the 2nd resistance point, it is at 0.9257.
Microvast Holdings Inc [MVST] reported earnings per share of -$0.08 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.06/share, meaning a difference of -$0.02 and a surprise factor of -33.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.08 per share as compared to estimates of -$0.09 per share, a difference of $0.01 representing a surprise of 11.10%.
Ratios To Look Out For
It is important to note that Microvast Holdings Inc [NASDAQ:MVST] has a current ratio of 1.20. On the other hand, the Quick Ratio is 0.82, and the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 1.02, the price to book ratio is 0.48.
Transactions by insiders
Recent insider trading involved Zheng Yanzhuan, Director, that happened on Nov 14 when 1.0 million shares were sold. Director, Zheng Yanzhuan completed a deal on Sep 15 to sell 0.31 million shares. Meanwhile, Chief Financial Officer Webster Craig bought 13000.0 shares on Aug 22.
