OMERS ADMINISTRATION Corp Makes New $184,000 Investment in Microvast Holdings, Inc. $MVST

Key Points

• OMERS ADMINISTRATION Corp acquired 157,000 shares of Microvast Holdings, Inc. ($MVST), totaling approximately $184,000, in its first quarter investments.
• Microvast reported a quarterly EPS of $0.05, surpassing analysts' expectations, although its revenue was below projections at $91.34 million.
• Analysts have upgraded Microvast's stock rating to "Strong Buy"** with a target price of $3.00, reflecting positive sentiment among investors.

OMERS ADMINISTRATION Corp purchased a new position in Microvast Holdings, Inc. (NASDAQ:MVST - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 157,000 shares of the company's stock, valued at approximately $184,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new stake in Microvast in the 4th quarter worth about $25,000. Schonfeld Strategic Advisors LLC acquired a new stake in Microvast in the 4th quarter worth about $73,000. Baader Bank Aktiengesellschaft acquired a new stake in Microvast in the 1st quarter worth about $44,000. FNY Investment Advisers LLC acquired a new stake in Microvast in the 1st quarter worth about $45,000. Finally, Rathbones Group PLC acquired a new stake in Microvast in the 1st quarter worth about $53,000. 20.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MVST has been the topic of a number of research analyst reports. Wall Street Zen raised Microvast from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Zacks Research raised Microvast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, Microvast presently has a consensus rating of "Strong Buy" and a consensus target price of $3.00.

Microvast Stock Up 0.4%

Shares of NASDAQ:MVST traded up $0.01 during mid-day trading on Wednesday, hitting $2.82. 4,607,041 shares of the company traded hands, compared to its average volume of 4,983,587. The firm has a market cap of $917.49 million, a P/E ratio of -5.53 and a beta of 3.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.56 and a current ratio of 0.83. Microvast Holdings, Inc. has a 52-week low of $0.15 and a 52-week high of $4.72. The firm's 50 day simple moving average is $2.97 and its 200 day simple moving average is $2.67.

Microvast (NASDAQ:MVST - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $91.34 million for the quarter, compared to the consensus estimate of $106.79 million. Microvast had a positive return on equity of 10.32% and a negative net margin of 26.82%. Microvast has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Microvast Holdings, Inc. will post -0.3 EPS for the current year.

Microvast Company Profile

Microvast Holdings, Inc provides battery technologies for electric vehicles and energy storage solutions. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2. It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator.