After grabbing 0.19 million shares, the institutional investor is now in possession of 0.19 million shares of the Technology Company. The new investment brought the stake of investor firm to 0.38% having worth around $0.26 million. Moreover, The Caprock Group, Inc. increased its share by 64604.0 to have a control over 64604.0 shares. And Frank, Rimerman Advisors LLC raised its holdings to 64604.0 shares by acquiring 64604.0 shares or 0.13% of the stake.
Movella Holdings Inc. (MVLA) concluded trading on 05/25/23 at a closing price of $2.27, with 1.46 million shares of worth about $3.3 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -77.23% during that period and on Thursday the price saw a loss of about -5.02%. Currently the company’s common shares owned by public are about 40.62M shares, out of which, 33.79M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the MVLA stock and their offered price forecasts bring an average price target of $4.75. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $5.00 and could fall to a lowest price of $4.50. The stock’s current price level is 54.6% above of average price target set by the analysts, while a rise to estimated low would result in gain of 49.56% for the stock. However, touching the estimated high of $5.00 would mean a gain of 54.6% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 9 times over the past 12 months. They bought 14,608,164 shares in 9 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Merger Fund, First Trust Merger Arbitrage Fund, and Picton Mahoney Fortified Arbitrag are the top 3 mutual funds which are holding stakes in Movella Holdings Inc. Merger Fund is currently holding 0.37 million shares of worth totaling $0.5 million. The company recently came buying 0.0 shares which brought its stake up to 0.73% of the company’s outstanding shares. First Trust Merger Arbitrage Fund bought 91259.0 shares, after which its hold over company’s outstanding shares expand to 0.33%, leaving 0.17 million shares with the mutual fund that have a worth of about $0.23 million. Picton Mahoney Fortified Arbitrag, after buying 86700.0 shares, have now control over 0.17% of the stake in the company. It holds 3100.0 shares of worth $0.12 million.
Movella Holdings Inc. (NASDAQ: MVLA) started trading at $2.13, below -$0.26 from concluding price of the previous day. However, the stock later moved at a day high price of 2.3100, or with a loss of -5.02%. Stock saw a price change of 50.33% in past 5 days and over the past one month there was a price change of 63.31%. Year-to-date (YTD), MVLA shares are showing a performance of -77.46% which decreased to -76.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.25 but also hit the highest price of $10.76 during that period. The average intraday trading volume for Movella Holdings Inc. shares is 913.99K. The stock is currently trading 47.31% above its 20-day simple moving average (SMA20), while that difference is up 50.91% for SMA50 and it goes to -68.07% lower than SMA200.
Intel Corp. acquired 0.19 million shares of Movella Holdings Inc. having value of about $0.26 million. Movella Holdings Inc. (NASDAQ: MVLA) currently have 40.62M outstanding shares and institutions hold larger chunk of about 104.99% of that. Holding of mutual funds in the company is about 2.94% while other institutional holders and individual stake holders have control over 21.09% and 2.06% of the stake respectively.
The stock has a current market capitalization of $107.10M. It has posted earnings per share of -$0.01 in the same period. It has Quick Ratio of 0.00 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MVLA, volatility over the week remained 25.81% while standing at 11.15% over the month.
Analysts are in expectations that Movella Holdings Inc. (MVLA) stock would likely to be making an EPS of -$0.06 in the current quarter, while forecast for next quarter EPS is -$0.02 and it is $0.03 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.06 which is -$0.06 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -102.40% while it is estimated to increase by 117.60% in next year.
Analysts at 2 brokerage firms have issued recommendations for the Movella Holdings Inc. (MVLA)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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