MVST Stock Summary and Trading Ideas (Microvast Holdings | NASDAQ:MVST)

Microvast Holdings Inc is a technology innovator that designs, develops, and manufactures lithium-ion battery solutions. It is renowned for its cutting-edge cell technology and its vertical integration capabilities which extend from core battery chemistry to battery packs.

Microvast Holdings trades on the NASDAQ stock market under the symbol MVST.

As of December 4, 2024, MVST stock price declined to $1.37 with 43,784,938 million shares trading.

MVST has a beta of -0.67, meaning it tends to be less sensitive to market movements. MVST has a correlation of 0.00 to the broad based SPY ETF.

MVST has a market cap of $441.32 million. This is considered a Small Cap stock.

Last quarter Microvast Holdings reported $101 million in Revenue and $.05 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.05.

In the last 3 years, MVST traded as high as $9.54 and as low as $.15.

The top ETF exchange traded funds that MVST belongs to (by Net Assets): VTI, VXF, PRFZ, QQQS, VIS.

MVST has underperformed the market in the last year with a return of +7.0%, while SPY returned +33.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MVST shares. However, MVST has outperformed the market in the last 3 month and 2 week periods, returning +410.6% and +119.2%, while SPY returned +10.2% and +2.8%, respectively. This indicates MVST has been having a stronger performance recently.

MVST support price is $1.24 and resistance is $1.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MVST shares will trade within this expected range on the day.