Stocks of Microvast Holdings Inc (NASDAQ:MVST) traded higher last session on Wall Street, up 6.55% to $1.79.
MVST stock price is now 3.70% away from the 50-day moving average and 156.38% away from the 200-day moving average. The market capitalization of the company currently stands at $579.77M.
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, Balladon Yeelong, Director bought 45,790 shares of the company’s stock on Feb 04 ’25. The stock was bought for $77,162 at an average price of $1.69. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’24, Former Director Zheng Yanzhuan bought 522,872 shares of the business’s stock. A total of $392,154 was incurred on buying the stock at an average price of $0.75. A total of 40.53% 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 $2.87. 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 $1.70528 and a two-hundred day moving average price translates $0.69151 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.
