In yesterday’s Wall Street session, Microvast Holdings Inc (NASDAQ:MVST) shares traded at $0.36, down -7.93% from the previous session.
MVST stock price is now -12.96% away from the 50-day moving average and -61.65% away from the 200-day moving average. The market capitalization of the company currently stands at $115.65M.
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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 $0.26 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 $0.62 million. A total of 46.30% of the company’s stock is owned by insiders.
During the past 12 months, Microvast Holdings Inc has had a low of $0.30 and a high of $2.91. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 1.03, and a quick ratio of 0.66. The fifty day moving average price for MVST is $0.4162 and a two-hundred day moving average price translates $0.941925 for the stock.
The latest earnings results from Microvast Holdings Inc (NASDAQ: MVST) was released for 2024-03-31. The net profit margin was -29.79% and return on equity was -17.67% for MVST. The company reported revenue of $81.35 million for the quarter, compared to $46.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 73.19 percent.
