In yesterday’s Wall Street session, Microvast Holdings Inc (NASDAQ:MVST) shares traded at $2.75, up 12.24% from the previous session.
MVST stock price is now 224.08% away from the 50-day moving average and 438.15% away from the 200-day moving average. The market capitalization of the company currently stands at $851.11M.
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, Former Director bought 522,872 shares of the company’s stock on Nov 27 ’24. The stock was bought for $392,154 at an average price of $0.75. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 26 ’24, former director Zheng Yanzhuan bought 670,000 shares of the business’s stock. A total of $502,500 was incurred on buying the stock at an average price of $0.75. A total of 44.43% of the company’s stock is owned by insiders.
During the past 12 months, Microvast Holdings Inc has had a low of $0.15 and a high of $2.82. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 1.30, and a quick ratio of 0.83. The fifty day moving average price for MVST is $0.79784 and a two-hundred day moving average price translates $0.50029 for the stock.
The latest earnings results from Microvast Holdings Inc (NASDAQ: MVST) was released for 2024-09-30. The net profit margin was -30.88% and return on equity was -21.32% for MVST. The company reported revenue of $101.39 million for the quarter, compared to $80.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.55 percent.
