Microvast Holdings Inc (NASDAQ:MVST) shares, rose in value on Thursday, January 02, with the stock price up by 16.43% to the previous day’s close as strong demand from buyers drove the stock to $2.41.
Actively observing the price movement in the last trading, the stock closed the session at $2.07, falling within a range of $2.12 and $2.58. Referring to stock’s 52-week performance, its high was $2.86, and the low was $0.15. On the whole, MVST has fluctuated by 127.36% over the past month.
With the market capitalization of Microvast Holdings Inc currently standing at about $776.32 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MVST’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of MVST currently trading nearly 48.67% and 159.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.48, while the 7-day volatility ratio is showing 30.19% which for the 30-day chart, stands at 26.65%. Furthermore, Microvast Holdings Inc (MVST)’s beta value is 2.15, and its average true range (ATR) is 0.37.
A comparison of Microvast Holdings Inc (MVST) with its peers suggests the former has fared considerably weaker in the market. MVST showed an intraday change of 16.43% in last session, and over the past year, it grew by 70.92%%.
Data on historical trading for Microvast Holdings Inc (NASDAQ:MVST) indicates that the trading volumes over the past 10 days have averaged 23.28 and over the past 3 months, they’ve averaged 30.53 million. According to company’s latest data on outstanding shares, there are 322.13 million shares outstanding.
Nearly 44.43% of Microvast Holdings Inc’s shares belong to company insiders and institutional investors own 9.19% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.96 million shares as on 2024-12-13, resulting in a short ratio of 0.7. According to the data, the short interest in Microvast Holdings Inc (MVST) stood at 1781.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 24.11 million. The stock has risen by 16.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MVST stock heading into the next quarter.
