157,000 Shares in Microvast Holdings, Inc. $MVST Acquired by OMERS ADMINISTRATION Corp

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 bought a new position in Microvast Holdings, Inc. (NASDAQ:MVST - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 157,000 shares of the company's stock, valued at approximately $184,000.

A number of other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in Microvast in the 4th quarter worth approximately $25,000. Schonfeld Strategic Advisors LLC purchased a new position in Microvast in the 4th quarter worth approximately $73,000. Baader Bank Aktiengesellschaft purchased a new position in Microvast in the 1st quarter worth approximately $44,000. FNY Investment Advisers LLC purchased a new position in Microvast in the 1st quarter worth approximately $45,000. Finally, Rathbones Group PLC purchased a new position in Microvast in the 1st quarter worth approximately $53,000. Institutional investors own 20.72% of the company's stock.

Microvast Price Performance

Shares of Microvast stock opened at $2.53 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market cap of $823.14 million, a PE ratio of -4.96 and a beta of 3.12. The business has a 50 day moving average of $3.04 and a 200 day moving average of $2.66. Microvast Holdings, Inc. has a 52 week low of $0.15 and a 52 week high of $4.72.

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 analysts' consensus estimates of $0.01 by $0.04. The company had revenue of $91.34 million during 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. As a group, equities research analysts forecast that Microvast Holdings, Inc. will post -0.3 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. 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 equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy" and a consensus target price of $3.00.

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.

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