Microvast Holdings Inc [NASDAQ: MVST] price plunged by -10.00 percent to reach at -$0.08.
The one-year MVST stock forecast points to a potential upside of 78.29. The average equity rating for MVST stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $3.50 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.
Janney have made an estimate for Microvast Holdings Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 02, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on November 29, 2023, representing the official price target for Microvast Holdings Inc stock. Previously, the target price had yet another raise to $8, while Janney analysts kept a Buy rating on MVST stock.
The Average True Range (ATR) for Microvast Holdings Inc is set at 0.11, with the Price to Sales ratio for MVST stock in the period of the last 12 months amounting to 0.59. The Price to Book ratio for the last quarter was 0.48, with the Price to Cash per share for the same quarter was set at 0.36.
MVST Stock Performance Analysis:
Microvast Holdings Inc [MVST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.73. With this latest performance, MVST shares gained by 277.17% in over the last four-week period, additionally plugging by 103.26% over the last 6 months – not to mention a drop of -35.04% 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 68.37, with the RSI for the last a single of trading hit 67.31, and the three-weeks RSI is set at 67.99 for Microvast Holdings Inc [MVST]. The present Moving Average for the last 50 days of trading for this stock 0.3365, while it was recorded at 0.7483 for the last single week of trading, and 0.4363 for the last 200 days.
Insight into Microvast Holdings Inc Fundamentals:
Microvast Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.83 and a Current Ratio set at 1.30.
MVST Stock EPS
With the latest financial reports released by the company, Microvast Holdings Inc posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.03/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.01. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MVST.
Microvast Holdings Inc [MVST] Institutonal Ownership Details
There are presently around $13.41%, or 22.45%% of MVST stock, in the hands of institutional investors. The top three institutional holders of MVST stocks are: VANGUARD GROUP INC with ownership of 9.69 million shares, which is approximately 3.0729%. OWL CREEK ASSET MANAGEMENT, L.P., holding 6.82 million shares of the stock with an approximate value of $$3.11 million in MVST stocks shares; and OWL CREEK ASSET MANAGEMENT, L.P., currently with $$2.33 million in MVST stock with ownership which is approximately 1.6187%.
