After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Microvast Reports Third Quarter 2023 Financial Results.
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Stocks Info
Microvast Holdings Inc is listed on the NASDAQ as a member of the Industrials sector and is a part of the Electrical Equipment & Parts industry. The current market capitalization of Microvast Holdings Inc is $253.87M. A total of 2.13 million shares were traded on the day, compared to an average of 3.87M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, MVST has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 1 BUYs and 2 SELLs from insiders. Insiders purchased 13,000 shares during that period but sold 1,313,009.
In the most recent transaction, Zheng Yanzhuan sold 1,000,000 shares of MVST for 1.30 per share on Nov 14. After the transaction, the Director now owns 710,000 company shares. In a previous transaction on Sep 15, Zheng Yanzhuan sold 313,009 shares at 2.02 per share. MVST shares that Director owns now total 1,710,000.
Among the insiders who bought shares, Webster Craig acquired of 13,000 shares on Aug 22 at a per-share price of $1.64. This resulted in the Chief Financial Officer holding 403,077 shares of MVST after the transaction.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, MVST has a high of $2.91 and a low of $0.72.
As of this writing, MVST has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.09. The company reported an EPS of -$0.08 in the last quarter, which was 11.10% higher than expectations of -$0.09.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MVST’s latest balance sheet shows that the firm has $480.93M in Cash & Short Term Investments as of fiscal 2021. There were $147.40M in debt and $175.59M in liabilities at the time. Its Book Value Per Share was $1.80, while its Total Shareholder’s Equity was $686.70M.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MVST is Buy with a score of 5.00.
