Virtu Financial LLC Makes New Investment in Microvast Holdings, Inc. $MVST

Key Points

• Virtu Financial LLC has acquired 102,924 shares of Microvast Holdings, Inc., valued at approximately $120,000, during the first quarter.
• Microvast reported earnings of $0.05 per share for the quarter, exceeding analysts' expectations, but revenue fell short at $91.34 million against the estimated $106.79 million.
• Following an upgrade from Wall Street Zen, Microvast has shifted its rating from "hold" to "buy" as analysts anticipate a negative earnings outlook for the current year.

Virtu Financial LLC bought a new stake in shares of Microvast Holdings, Inc. (NASDAQ:MVST - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 102,924 shares of the company's stock, valued at approximately $120,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new position in Microvast during the 1st quarter valued at $58,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Microvast during the 1st quarter valued at about $44,000. SBI Securities Co. Ltd. increased its position in shares of Microvast by 351.7% during the first quarter. SBI Securities Co. Ltd. now owns 69,989 shares of the company's stock valued at $82,000 after buying an additional 54,496 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Microvast during the first quarter valued at about $45,000. Finally, Squarepoint Ops LLC bought a new position in Microvast in the fourth quarter worth about $737,000. Hedge funds and other institutional investors own 20.72% of the company's stock.

Analysts Set New Price Targets

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

Microvast Stock Up 4.7%

NASDAQ:MVST traded up $0.12 during trading hours on Wednesday, reaching $2.66. 6,135,606 shares of the company traded hands, compared to its average volume of 8,556,067. Microvast Holdings, Inc. has a 1 year low of $0.15 and a 1 year high of $4.72. The company has a current ratio of 0.83, a quick ratio of 0.56 and a debt-to-equity ratio of 0.21. The business's 50-day moving average price is $3.39 and its two-hundred day moving average price is $2.59. The stock has a market capitalization of $865.44 million, a P/E ratio of -5.22 and a beta of 3.02.

Microvast (NASDAQ:MVST - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. Microvast had a positive return on equity of 10.32% and a negative net margin of 26.82%.The firm had revenue of $91.34 million during the quarter, compared to analyst estimates of $106.79 million. Microvast has set its FY 2025 guidance at EPS. Analysts predict that Microvast Holdings, Inc. will post -0.3 earnings per share 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.