JPMorgan Chase & Co. Has $11.32 Million Holdings in Microvast Holdings, Inc. $MVST

Key Points

• JPMorgan Chase & Co. dramatically increased its stake in Microvast during Q2—buying an additional 3,118,213 shares to hold 3,118,671 shares (a 680,832.5% increase) worth about $11.32 million, roughly 0.96% of the company.
• Microvast recently reported quarterly EPS of $0.04 vs. a $0.05 estimate (a small miss) while revenue beat at $123.29M; the stock is down 4.8%, has a market cap of $1.17B, a negative PE of -6.61 and a 12‑month range of $1.08–$7.12.
• Analyst sentiment is mixed with a consensus rating of "Hold" (one Buy, one Hold, one Sell) and an average target price of $3.00, while institutional investors own about 20.72% of the shares.

JPMorgan Chase & Co. raised its stake in Microvast Holdings, Inc. (NASDAQ:MVST - Free Report) by 680,832.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,118,671 shares of the company's stock after acquiring an additional 3,118,213 shares during the period. JPMorgan Chase & Co. owned about 0.96% of Microvast worth $11,321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MVST. Amalgamated Bank acquired a new stake in shares of Microvast during the 2nd quarter worth about $25,000. Calamos Advisors LLC acquired a new position in shares of Microvast in the 2nd quarter worth approximately $38,000. Rathbones Group PLC bought a new stake in Microvast during the 1st quarter worth approximately $53,000. Transcend Capital Advisors LLC acquired a new stake in Microvast during the 2nd quarter valued at $54,000. Finally, Deutsche Bank AG bought a new position in Microvast in the 1st quarter valued at $58,000. 20.72% of the stock is owned by institutional investors.

Microvast Stock Down 4.8%

Shares of Microvast stock opened at $3.57 on Tuesday. The business has a fifty day simple moving average of $4.53 and a 200 day simple moving average of $3.77. The stock has a market cap of $1.17 billion, a PE ratio of -6.61 and a beta of 3.40. The company has a quick ratio of 0.60, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Microvast Holdings, Inc. has a 12 month low of $1.08 and a 12 month high of $7.12.

Microvast (NASDAQ:MVST - Get Free Report) last issued its earnings results on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The company had revenue of $123.29 million for the quarter, compared to the consensus estimate of $120.02 million. Microvast had a positive return on equity of 11.34% and a negative net margin of 28.81%. Research analysts predict that Microvast Holdings, Inc. will post -0.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MVST shares. Wall Street Zen upgraded shares of Microvast from a "hold" rating to a "buy" rating in a research report on Sunday, November 16th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Microvast in a report on Tuesday, December 2nd. Finally, Zacks Research downgraded Microvast from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $3.00.

Microvast 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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