The price of Microvast Holdings Inc (NASDAQ:MVST) shares last traded on Wall Street fell -34.08% to $0.59.
MVST stock price is now -28.25% away from the 50-day moving average and -59.86% away from the 200-day moving average. The market capitalization of the company currently stands at $186.76M.
On November 29, 2023, Cantor Fitzgerald recently initiated its ‘Overweight’ rating on the stock quoting a target price of $8, while ‘Janney’ rates the stock as ‘Buy’
In other news, Zheng Yanzhuan, Director sold 1,000,000 shares of the company’s stock on Nov 14 ’23. The stock was sold for $1,300,000 at an average price of $1.30. Upon completion of the transaction, the Director now directly owns 710,000 shares in the company, valued at $0.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15 ’23, Director Zheng Yanzhuan sold 313,009 shares of the business’s stock. A total of $632,278 was realized by selling the stock at an average price of $2.02. This leaves the insider owning 1,710,000 shares of the company worth $1.01 million. A total of 32.87% of the company’s stock is owned by insiders.
During the past 12 months, Microvast Holdings Inc has had a low of $0.53 and a high of $2.91. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 1.06, and a quick ratio of 0.67. The fifty day moving average price for MVST is $0.8107 and a two-hundred day moving average price translates $1.4520 for the stock.
The latest earnings results from Microvast Holdings Inc (NASDAQ: MVST) was released for Sep, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$0.08, missing analysts’ expectations of -$0.07 by -0.01. This compares to -$0.11 EPS in the same period last year. The net profit margin was -34.68% and return on equity was -18.07% for MVST. The company reported revenue of $104.58 million for the quarter, compared to $64.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 61.39 percent. For the current quarter, analysts expect MVST to generate $107.4M in revenue.
