Microvast Holdings Inc (NASDAQ:MVST) shares traded 340.01% higher at $0.80 on Wall Street last session.
MVST stock price is now 233.18% away from the 50-day moving average and 77.18% away from the 200-day moving average. The market capitalization of the company currently stands at $251.95M.
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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, Stephen A. Vogel, Former Board Member bought 236,055 shares of the company’s stock on Sep 26 ’24. The stock was bought for $66,095 at an average price of $0.28. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06 ’24, Former Board Member Stephen A. Vogel bought 2,800,000 shares of the business’s stock. A total of $761,600 was incurred on buying the stock at an average price of $0.27. A total of 45.07% 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 $1.55. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 1.12, and a quick ratio of 0.71. The fifty day moving average price for MVST is $0.22828 and a two-hundred day moving average price translates $0.449465 for the stock.
The latest earnings results from Microvast Holdings Inc (NASDAQ: MVST) was released for 2024-06-30. The net profit margin was -44.02% and return on equity was -29.16% 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.
