102,924 Shares in Microvast Holdings, Inc. $MVST Purchased by Virtu Financial LLC

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 purchased a new position in shares of Microvast Holdings, Inc. (NASDAQ:MVST - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 102,924 shares of the company's stock, valued at approximately $120,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MVST. BNP Paribas Financial Markets acquired a new stake in Microvast during the 4th quarter worth about $25,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Microvast in the 1st quarter valued at about $44,000. FNY Investment Advisers LLC acquired a new position in shares of Microvast in the 1st quarter valued at about $45,000. Deutsche Bank AG acquired a new position in shares of Microvast in the 1st quarter valued at about $58,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Microvast in the 4th quarter valued at about $73,000. Institutional investors and hedge funds own 20.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MVST shares. Zacks Research raised Microvast from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Wall Street Zen raised Microvast from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Strong Buy" and an average price target of $3.00.

Microvast Stock Performance

Shares of MVST stock traded up $0.1650 on Friday, hitting $2.7850. The company had a trading volume of 1,866,256 shares, compared to its average volume of 8,479,559. The firm has a market cap of $906.10 million, a P/E ratio of -5.38 and a beta of 3.02. Microvast Holdings, Inc. has a twelve month low of $0.15 and a twelve month high of $4.72. 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 50-day moving average price of $3.33 and a 200-day moving average price of $2.60.

Microvast (NASDAQ:MVST - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. The company had revenue of $91.34 million during the quarter, compared to analysts' expectations 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 predict that Microvast Holdings, Inc. will post -0.3 earnings per share for the current fiscal year.

About Microvast

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.