Microvast Holdings Inc [NASDAQ: MVST] gained 4.02% or 0.13 points to close at $3.36 with a heavy trading volume of 5234327 shares.
It opened the trading session at $3.225, the shares rose to $3.467 and dropped to $3.18, the range by which the price of stock traded the whole day. The daily chart for MVST points out that the company has recorded 134.97% gains over the past six months.
If we look at the average trading volume of 7.32M shares, MVST reached to a volume of 5234327 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $5.50 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 Price to Book ratio for the last quarter was 3.05, with the Price to Cash per share for the same quarter was set at 0.43. Price to Free Cash Flow for MVST in the course of the last twelve months was 35.96 with Quick ratio for the last quarter at 0.56.
Trading performance analysis for MVST stock
Microvast Holdings Inc [MVST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.15. With this latest performance, MVST shares gained by 26.79% in over the last four-week period, additionally plugging by 134.97% over the last 6 months – not to mention a rise of 62.32% in the past year of trading.
Microvast Holdings Inc [MVST]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Microvast Holdings Inc [MVST] shares currently have an operating margin of 10.32% and a Gross Margin at 35.46%. Microvast Holdings Inc’s Net Margin is presently recorded at -32.29%.
Microvast Holdings Inc (MVST) Capital Structure & Debt Analysis
According to recent financial data for Microvast Holdings Inc. ( MVST), the Return on Equity (ROE) stands at -33.65%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -13.88%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Microvast Holdings Inc’s Return on Invested Capital (ROIC) is -30.48%, showcasing its effectiveness in deploying capital for earnings.
Microvast Holdings Inc (MVST) Efficiency & Liquidity Metrics
Based on Microvast Holdings Inc’s (MVST) latest financial statements, the Debt-to-Equity Ratio is 1.13%, indicating its reliance on debt financing relative to shareholder equity.
Microvast Holdings Inc (MVST) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Microvast Holdings Inc. (MVST) effectively leverages its workforce, generating an average of -$60514.41 per employee. The company’s liquidity position is robust, with a Current Ratio of 0.83% and a Quick Ratio of 0.56%, indicating strong ability to cover short-term liabilities.
Microvast Holdings Inc [MVST]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Microvast Holdings Inc posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. 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.
An analysis of Institutional ownership at Microvast Holdings Inc [MVST]
There are presently around $23.63%, or 38.84%% 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 3.0715%. 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 1.618%.
