Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Microvast Holdings Inc shares valued at $392,154 were purchased by Zheng Yanzhuan on Nov 27 ’24. At $0.75 per share, Zheng Yanzhuan acquired 522,872 shares.
Also, Zheng Yanzhuan purchased 670,000 shares, netting a total of over 502,500 in proceeds.
Before that, Balladon Yeelong had added 42,398 shares to its account. In a trade valued at $24,358, the Director bought Microvast Holdings Inc shares for $0.57 each.
As published in a research note from Janney on April 02, 2024, Microvast Holdings Inc [MVST] has been rated down from a Buy to a Neutral. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in late November. As of August 31, 2023, Janney has initiated its “Buy” rating for MVST. Earlier on April 03, 2023, H.C. Wainwright initiated its rating. Their recommendation was “a Buy” for MVST stock.
Analyzing MVST Stock Performance
During the last five days, there has been a drop of approximately -24.62%. Over the course of the year, Microvast Holdings Inc shares have dropped approximately -27.54%. Shares of the company reached a 52-week high of $2.8700 on 01/10/25 and a 52-week low of $1.5000 on 01/30/25. A 50-day SMA is recorded $1.5683, while a 200-day SMA reached $0.6520. Nevertheless, trading volume fell to 6.7 million shares from 11.37 million shares the previous day.
Support And Resistance Levels for Microvast Holdings Inc (MVST)
According to the 24-hour chart, there is a support level at 1.4400, which, if violated, would cause prices to drop to 1.3800. In the upper region, resistance lies at 1.6200. The next price resistance is at 1.7400. RSI (Relative Strength Index) is 41.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.3296, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
