Microvast Holdings Inc. [MVST] fell -55.83% so far this year. What now?

Microvast Holdings Inc. [NASDAQ: MVST] surged by $0.29 during the normal trading session on Friday and reaching a high of $2.56 during the day while it closed the day at $2.50. The company report on October 20, 2022 that Microvast Schedules Third Quarter Earnings Call.


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Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the third quarter of 2022 after market close on Thursday, November 10, 2022.

Following the earnings press release, Microvast management will host a webcast and earnings conference call at 5:00 p.m. Central Time (6:00 p.m. Eastern Time) to discuss the business results and outlook. The webcast will be accessible from the Events & Presentations tab of Microvast’s investor relations website at https://ir.microvast.com. A replay will be available following the conclusion of the live event. Investment community professionals interested in participating in the Q&A session may join the call by dialing +1 (201) 493-6784.

Microvast Holdings Inc. stock has also gained 59.24% of its value over the past 7 days. However, MVST stock has inclined by 9.17% in the 3 months of the year. Over the past six months meanwhile, it has lost -49.70% and lost -55.83% year-on date.

The market cap for MVST stock reached $809.40 million, with 300.57 million shares outstanding and 170.43 million shares in the current float. Compared to the average trading volume of 3.00M shares, MVST reached a trading volume of 20812460 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Microvast Holdings Inc. [MVST]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MVST shares is $8.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MVST stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for Microvast Holdings Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 19, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Neutral. The new note on the price target was released on December 17, 2021, representing the official price target for Microvast Holdings Inc. stock.

The Average True Range (ATR) for Microvast Holdings Inc. is set at 0.21, with the Price to Sales ratio for MVST stock in the period of the last 12 months amounting to 3.95. The Price to Book ratio for the last quarter was 1.15, with the Price to Cash per share for the same quarter was set at 1.03.

MVST stock trade performance evaluation

Microvast Holdings Inc. [MVST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 59.24. With this latest performance, MVST shares gained by 26.26% in over the last four-week period, additionally sinking by -49.70% over the last 6 months – not to mention a drop of -69.10% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MVST stock in for the last two-week period is set at 65.34, with the RSI for the last a single of trading hit 74.25, and the three-weeks RSI is set at 59.18 for Microvast Holdings Inc. [MVST]. The present Moving Average for the last 50 days of trading for this stock 2.22, while it was recorded at 2.03 for the last single week of trading, and 4.17 for the last 200 days.

Microvast Holdings Inc. [MVST]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Microvast Holdings Inc. [MVST] shares currently have an operating margin of -131.73 and a Gross Margin at -28.12. Microvast Holdings Inc.’s Net Margin is presently recorded at -135.87.

Return on Equity for this stock declined to -42.65, with Return on Assets sitting at -32.32.

Microvast Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.70.

Microvast Holdings Inc. [MVST]: Insider Ownership positions

There are presently around $197 million, or 40.00% of MVST stock, in the hands of institutional investors. The top three institutional holders of MVST stocks are: VANGUARD GROUP INC with ownership of 15,173,348, which is approximately 351.226% of the company’s market cap and around 2.30% of the total institutional ownership; BLACKROCK INC., holding 12,133,129 shares of the stock with an approximate value of $30.33 million in MVST stocks shares; and LUXOR CAPITAL GROUP, LP, currently with $21.33 million in MVST stock with ownership of nearly -22.354% of the company’s market capitalization.

Positions in Microvast Holdings Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 71 institutional holders increased their position in Microvast Holdings Inc. [NASDAQ:MVST] by around 38,663,159 shares. Additionally, 53 investors decreased positions by around 19,279,682 shares, while 12 investors held positions by with 20,752,316 shares. The mentioned changes placed institutional holdings at 78,695,157 shares, according to the latest SEC report filing. MVST stock had 37 new institutional investments in for a total of 10,491,990 shares, while 32 institutional investors sold positions of 12,007,488 shares during the same period.

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