An analyst sees good growth prospects for Microvast Holdings Inc (MVST)

With 7.94 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.33 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $0.9150 whereas the lowest price it dropped to was $0.8008. The 52-week range on MVST shows that it touched its highest point at $2.91 and its lowest point at $0.53 during that stretch. It currently has a 1-year price target of $8.75. Beta for the stock currently stands at 1.47.

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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 21.74%, but this was up by 4.03% over a month. Three-month performance dropped to -38.70% while six-month performance fell -51.88%. The stock lost -17.13% in the past year, while it has lost -36.07% so far this year. A look at the trailing 12-month EPS for MVST yields -0.37 with Next year EPS estimates of 0.33. For the next quarter, that number is -0.04. This implies an EPS growth rate of 89.74% for this year and 2575.06% for next year.

Float and Shares Shorts:

At present, 316.54 million MVST shares are outstanding with a float of 212.49 million shares on hand for trading. On Mar 15, 2024, short shares totaled 29.97 million, which was 9.52% higher than short shares on Feb 15, 2024. 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 25.67% of MVST’s outstanding shares, institutional investors have minority control over the company.

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.

Dividends & Yield:

In terms of dividends, MVST has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and MVST currently yields $0.00. In the past year, MVST’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, MVST has a current buyback yield of $––. This was $–– for the TTM, and it was $–– for the past five years.