With A 33% Price Drop For Microvast Holdings, Inc. (NASDAQ:MVST) You’ll Still Get What You Pay For
The Microvast Holdings, Inc. (NASDAQ:MVST) share price has softened a substantial 33% over the previous 30 days, handing back much of the gains the stock has made lately. Nonetheless, the last 30 days have barely left a scratch on the stock’s annual performance, which is up a whopping 656%.
Although its price has dipped substantially, you could still be forgiven for thinking Microvast Holdings is a stock not worth researching with a price-to-sales ratios (or “P/S”) of 2.4x, considering almost half the companies in the United States’ Machinery industry have P/S ratios below 1.9x. However, the P/S might be high for a reason and it requires further investigation to determine if it’s justified.
