A History of Outperforming Analyst Forecasts and Beating the Odds: Microvast Holdings Inc (MVST)

Microvast Holdings Inc (NASDAQ: MVST) stock fell -2.99% on Monday to $1.30 against a previous-day closing price of $1.34. With 3.82 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.8 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $1.3650 whereas the lowest price it dropped to was $1.2600. The 52-week range on MVST shows that it touched its highest point at $2.91 and its lowest point at $0.88 during that stretch. It currently has a 1-year price target of $9.00. Beta for the stock currently stands at 1.56.

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 3.17%, but this was down by -2.99% over a month. Three-month performance dropped to -19.25% while six-month performance fell -40.91%. The stock lost -43.23% in the past year, while it has lost -15.03% so far this year. A look at the trailing 12-month EPS for MVST yields -0.37 with Next year EPS estimates of 0.06. For the next quarter, that number is -0.03. This implies an EPS growth rate of 48.98% for this year and 146.15% for next year.

Float and Shares Shorts:

At present, 307.63 million MVST shares are outstanding with a float of 210.09 million shares on hand for trading. On Oct 30, 2023, short shares totaled 18.12 million, which was 5.86% higher than short shares on Sep 28, 2023. In addition to Mr. Yang Wu as the firm’s Founder, Chairman & CEO, Mr. Craig Webster serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 26.26% of MVST’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.72% of MVST, in contrast to 29.18% held by mutual funds. Shares owned by individuals account for 11.67%. As the largest shareholder in MVST with 3.97% of the stake, The Vanguard Group, Inc. holds 12,291,099 shares worth 12,291,099. A second-largest stockholder of MVST, BlackRock Fund Advisors, holds 9,451,599 shares, controlling over 3.06% of the firm’s shares. Owl Creek Asset Management LP is the third largest shareholder in MVST, holding 7,171,012 shares or 2.32% stake. With a 1.52% stake in MVST, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 4,691,275 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.09% of MVST stock, is the second-largest Mutual Fund holder. It holds 3,367,255 shares valued at 4.14 million. Global X Autonomous & Electric Ve holds 1.03% of the stake in MVST, owning 3,178,698 shares worth 3.91 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MVST since 0 analysts follow the stock currently. 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 $11.00 and a low target of $8.00, the average target price over the next 12 months is $9.00. Based on these targets, MVST could surge 746.15% to reach the target high and rise by 515.38% to reach the target low. Reaching the average price target will result in a growth of 592.31% from current levels.

Summary of Insider Activity:

Insiders traded MVST stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 13,000 shares were bought while 313,009 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 418,000 while 313,009 shares were sold.