Microvast Holdings Inc (NASDAQ:MVST) shares traded 24.84% higher at $1.91 on Wall Street last session.
MVST stock price is now 183.30% away from the 50-day moving average and 301.16% away from the 200-day moving average. The market capitalization of the company currently stands at $627.58M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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 $1.95. 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 $0.6404 and a two-hundred day moving average price translates $0.470115 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.
