Microvast Holdings Inc. (NASDAQ:MVST) price on Thursday, August 26, rose 1.87% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $9.25.
A look at the stock’s price movement, the close in the last trading session was $9.08, moving within a range at $9.0099 and $9.58. Turning to its 52-week performance, $25.20 and $7.83 were the 52-week high and 52-week low respectively. Overall, MVST moved 8.70% over the past month.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that MVST is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 0 recommend MVST as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Sell which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MVST’s current price about -7.71% and -18.40% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.43, while 7-day volatility ratio is 7.24% and 12.12% in the 30-day chart. Further, Microvast Holdings Inc. (MVST) has a beta value of 0, and an average true range (ATR) of 1.16. Analysts have given the company’s stock an average 52-week price target of $6.00, forecast between a low of $6.00 and high of $6.00. Looking at the price targets, the low is 35.14% off current price level while to achieve the yearly target high, price needs to move 35.14%. Nonetheless, investors will most likely welcome a 35.14% jump to $6.00 which is the analysts’ median price.
In the market, a comparison of Microvast Holdings Inc. (MVST) and its peers suggest the former has performed considerably stronger. Data shows MVST’s intraday price has changed 1.87% in last session and -9.05% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.58% and -0.54% respectively in the last trading.
If we refocus on Microvast Holdings Inc. (NASDAQ:MVST), historical trading data shows that trading volumes averaged 2.49 million over the past 10 days and 2.44 million over the past 3 months.
The 30.91% of Microvast Holdings Inc.’s shares are in the hands of company insiders while institutional holders own 9.46% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.99 million on Jul 29, 2021, giving us a short ratio of 1.49. Current price change has pushed the stock -45.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MVST stock continues to rise going into the next quarter.