With 3.41 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.47 million shares. The 52-week range on MVST shows that it touched its highest point at $2.87 and its lowest point at $0.15 during that stretch. It currently has a 1-year price target of $3.50. Beta for the stock currently stands at 2.77.
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 down-trending over the past week, with a drop of -4.95%, but this was up by 7.26% over a month. Three-month performance surged to 13.61% while six-month performance rose 908.40%. The stock gained 378.33% in the past year, while it has lost -7.25% so far this year. A look at the trailing 12-month EPS for MVST yields -0.69 with Next year EPS estimates of 0.08. For the next quarter, that number is -0.01. This implies an EPS growth rate of 96.30% for this year and 933.33% for next year.
Float and Shares Shorts:
At present, 323.14 million MVST shares are outstanding with a float of 194.37 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MVST since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.23556 being high and -$0.29444 being low. For MVST, this leads to a yearly average estimate of -$0.265. Based on analyst estimates, the high estimate for the next quarter is $0.01 and the low estimate is $0.01. The average estimate for the next quarter is thus $0.01.
