Microvast Holdings Inc (NASDAQ:MVST) shares traded 3.12% higher at $3.97 on Wall Street last session.
MVST stock price is now 84.81% away from the 50-day moving average and 209.34% away from the 200-day moving average. The market capitalization of the company currently stands at $1.29B.
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 40.28% 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 $4.32. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 1.32, and a quick ratio of 0.94.
The net profit margin was -31.80% and return on equity was -26.38% for MVST. The company reported revenue of $116.49 million for the quarter, compared to $81.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.2 percent. For the current quarter, analysts expect MVST to generate $106.78M in revenue.
