Microvast Holdings Inc (NASDAQ: MVST) Recovers 22.33% From 52-Week Low, Is MVST Still A High-Risk, High-Reward Play?

Microvast Holdings Inc (NASDAQ:MVST) currently has a daily average trading volume of 4.77M but it saw 2215585 shares traded in last market. With a market cap of 116.41M USD, the company’s current market price of $0.37 came falling about -6.71 while comparing to the previous closing price of $0.39. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.91 and as low as $0.30.

Taking a look at 20-day trading activity of Microvast Holdings Inc (MVST) gives us an average price of $0.3885, while its current price level is -87.39% below from 52-week high level whereas it is 22.33% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4625 while that of 200 days or SMA-200 reads an average of $1.0721. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.74% during that period while stretching the period over a month that decreases to 10.44%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.98 which implies that the stock is in neutral territory.

Janney issued its recommendations for the stock as it initiated the price target for the stock is $8.

Over the week, MVST’s stock price is moving 7.18% up while it is -13.24% when we observe its performance for the past one month. Year-to-date it is -73.79% down and over the past year, the stock is showing a downside performance of -74.86%.

Currently, Microvast Holdings Inc’s total number of outstanding shares is 315.01M. Company’s return on investment (ROI) stands at -15.66% and return on equity (ROE) at -17.67%. Stock’s beta reads 1.68. Stock has a price to book (P/B) ratio of 0.21 while price to sale or P/S ratio amounts to 0.34. Its return on asset (ROA) is -9.94% on average.