Microvast Holdings Inc. (NASDAQ:MVST) price is hovering higher on Monday, September 13, jumping 0.65% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $9.98, with intraday deals fluctuating between $9.97 and $11.55. Taking into account the 52-week price action we note that the stock hit a 52-week high of $25.20 and 52-week low of $7.83. The stock subtracted -10.41% on its value in the past month.
Microvast Holdings Inc., which has a market valuation of $3.02 billion, is expected to release its quarterly earnings report Nov 08, 2021 – Nov 12, 2021. Analysts tracking MVST have forecast the quarterly EPS to shrink by -0.04 per share this quarter, while the same analysts predict the annual EPS to hit -$0.2 for the year 2021 and up to -$0.16 for 2022.
Staying with the analyst view, there is a consensus estimate of $143.53 million for the company’s annual revenue in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MVST a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned MVST a recommendation rating as follows: 0 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Microvast Holdings Inc. (MVST) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Sell, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that MVST’s price is at present 3.26% off the SMA20 and -5.53% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.56, with weekly volatility standing at 13.54%. The indicator jumps to 9.20% when calculated based on the past 30 days. Microvast Holdings Inc. (NASDAQ:MVST)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 1.22. Considering analysts have assigned the stock a price target range of $6.00-$6.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $6.00. Based on this estimate, we see that today’s price at last check is roughly 40.3% off the estimated low and 40.3% off the forecast high. Investors will no doubt be excited to see the share price rise to $6.00, which is the median consensus price, and at that level MVST would be 40.3% from recent price.
An analysis of the Microvast Holdings Inc. (NASDAQ:MVST) stock in terms of its daily trading volume indicates that the 3-month average is 2.74 million.
Current records show that the company has 35.48M in outstanding shares. The insiders’ percentage holdings are 28.60% of outstanding shares while the percentage share held by institutions stands at 1.60%. But the -41.64% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.