At the time of writing, Microvast Holdings Inc [MVST] stock is trading at $0.50, up 0.54%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MVST shares have gain 3.48% over the last week, with a monthly amount drifted -33.12%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Microvast Holdings Inc [NASDAQ: MVST] stock has seen the most recent analyst activity on April 02, 2024, when Janney downgraded its rating to a Neutral. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on November 29, 2023, and set its price target to $8. On August 31, 2023, Janney initiated with a Buy rating and assigned a price target of $8 on the stock. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $8 on April 03, 2023. Oppenheimer initiated its recommendation with a Outperform and recommended $8 as its price target on August 19, 2022. Piper Sandler started tracking with a Neutral rating for this stock on December 17, 2021, and assigned it a price target of $8.
For the past year, the stock price of Microvast Holdings Inc fluctuated between $0.45 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 $0.50 at the most recent close of the market. An investor can expect a potential return of 1500.0% based on the average MVST price forecast.
Analyzing the MVST fundamentals
According to Microvast Holdings Inc [NASDAQ:MVST], the company’s sales were 306.62M for trailing twelve months, which represents an 61.39% jump. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at -0.35%, Pretax Profit Margin comes in at -0.35%, and Net Profit Margin reading is -0.35%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.18 and Total Capital is -0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.33.
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 0.4922 points at the first support level, and at 0.4818 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.5207, and for the 2nd resistance point, it is at 0.5388.
Ratios To Look Out For
It is important to note that Microvast Holdings Inc [NASDAQ:MVST] has a current ratio of 1.06. In addition, the Quick Ratio stands at 0.67 and the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 0.28.
Transactions by insiders
Recent insider trading involved Zheng Yanzhuan, Director, that happened on Nov 14 ’23 when 1.0 million shares were sold. Director, Zheng Yanzhuan completed a deal on Sep 15 ’23 to sell 0.31 million shares. Meanwhile, Chief Financial Officer Webster Craig bought 13000.0 shares on Aug 22 ’23.
