At the time of writing, Microvast Holdings Inc [MVST] stock is trading at $1.68, up 5.00%. An important factor to consider is whether the stock is rising or falling in short-term value. The MVST shares have gain 7.01% over the last week, with a monthly amount drifted -10.16%, and not seem to be holding up well over a long-time horizon.
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 $0.15 and $2.87. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Microvast Holdings Inc [NASDAQ: MVST] shares were valued at $1.68 at the most recent close of the market. An investor can expect a potential return of 376.19% based on the average MVST price forecast.
Analyzing the MVST fundamentals
According to Microvast Holdings Inc [NASDAQ:MVST], the company’s sales were 370.99M for trailing twelve months, which represents an 26.55% jump. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at -0.31%, Pretax Profit Margin comes in at -0.31%, and Net Profit Margin reading is -0.31%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.22 and Total Capital is -0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.52.
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 1.6100 points at the first support level, and at 1.5400 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7200, and for the 2nd resistance point, it is at 1.7600.
Ratios To Look Out For
It is important to note that Microvast Holdings Inc [NASDAQ:MVST] has a current ratio of 1.30. On the other hand, the Quick Ratio is 0.83, and the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 1.47, the price to book ratio is 1.06.
Transactions by insiders
Recent insider trading involved Balladon Yeelong, Director, that happened on Feb 04 ’25 when 45790.0 shares were purchased. Former Director, Zheng Yanzhuan completed a deal on Nov 27 ’24 to buy 0.52 million shares. Meanwhile, former director Zheng Yanzhuan bought 0.67 million shares on Nov 26 ’24.
