Microvast Holdings Inc. (NASDAQ: MVST) stock jumped 28.10% on Friday to $2.69 against a previous-day closing price of $2.10. With 5.93 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.85 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $2.7300 whereas the lowest price it dropped to was $2.0900. The 52-week range on MVST shows that it touched its highest point at $15.91 and its lowest point at $2.00 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at 0.77.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MVST was up-trending over the past week, with a rise of 28.10%, but this was up by 18.50% over a month. Three-month performance dropped to -44.88% while six-month performance fell -49.81%. The stock lost -68.39% in the past year, while it has lost -52.47% so far this year. A look at the trailing 12-month EPS for MVST yields -0.83 with Next year EPS estimates of -0.61. For the next quarter, that number is -0.15. This implies an EPS growth rate of -189.10% for this year and 6.20% for next year.
Float and Shares Shorts:
At present, 298.84 million MVST shares are outstanding with a float of 170.43 million shares on hand for trading. On Apr 28, 2022, short shares totaled 17.32 million, which was 5.80% higher than short shares on Mar 30, 2022. In addition to Mr. Yang Wu as the firm’s Founder, Chairman & CEO, Mr. Craig Webster serves as its CFO & Director.
Institutional Ownership:
Through their ownership of 34.63% of MVST’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.97% of MVST, in contrast to 30.03% held by mutual funds. Shares owned by individuals account for 13.45%. As the largest shareholder in MVST with 3.63% of the stake, Luxor Capital Group LP holds 10,986,105 shares worth 10,986,105. A second-largest stockholder of MVST, Koch Industries, Inc., holds 6,000,000 shares, controlling over 1.98% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in MVST, holding 3,545,799 shares or 1.17% stake. With a 1.49% stake in MVST, the BlackRock Technology Opportunitie is the largest stakeholder. A total of 4,500,000 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 1.47% of MVST stock, is the second-largest Mutual Fund holder. It holds 4,443,200 shares valued at 9.86 million. iShares Russell 2000 ETF holds 1.30% of the stake in MVST, owning 3,925,248 shares worth 8.71 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MVST since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MVST analysts setting a high price target of $4.00 and a low target of $4.00, the average target price over the next 12 months is $4.00. Based on these targets, MVST could surge 48.7% to reach the target high and rise by 48.7% to reach the target low. Reaching the average price target will result in a growth of 48.7% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. MVST will report FY 2022 earnings on 03/28/2023. Analysts have provided yearly estimates in a range of -$0.65 being high and -$0.65 being low. For MVST, this leads to a yearly average estimate of -$0.65. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Microvast Holdings Inc. surprised analysts by $0.02 when it reported -$0.15 EPS against a consensus estimate of -$0.17. Based on analyst estimates, the high estimate for the next quarter is -$0.15 and the low estimate is -$0.15. The average estimate for the next quarter is thus -$0.15.
Summary of Insider Activity:
Insiders traded MVST stock several times over the past three months with 10 Buys and 3 Sells. In these transactions, 769,819 shares were bought while 330,000 shares were sold. The number of buy transactions has increased to 29 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 12,441,761 while 13,999,353 shares were sold.
