Microvast (NASDAQ:MVST) Posts Quarterly Earnings Results

Key Points

• Microvast reported earnings of $0.05 per share for the quarter, exceeding analysts' estimates by $0.04 and showing its commitment to growth despite a negative return on equity of 10.97%.
• Shares of Microvast traded up to $3.03, with a trading volume significantly higher than its average, reflecting increased investor interest.
• Institutional investors have actively adjusted their positions in Microvast, with notable increases in stakes by both Goldman Sachs and Millennium Management during the first quarter.

Microvast (NASDAQ:MVST - Get Free Report) announced its earnings results on Monday. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04, Zacks reports. Microvast had a negative net margin of 26.82% and a positive return on equity of 10.32%. The business had revenue of $91.34 million during the quarter, compared to analysts' expectations of $106.79 million. Microvast updated its FY 2025 guidance to EPS.

Microvast Price Performance

MVST stock traded down $0.11 during mid-day trading on Friday, hitting $2.73. The stock had a trading volume of 1,269,206 shares, compared to its average volume of 8,584,203. The firm has a market capitalization of $889.51 million, a P/E ratio of -5.32 and a beta of 3.02. The company has a current ratio of 0.83, a quick ratio of 0.94 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $3.48 and a 200 day simple moving average of $2.56. Microvast has a 52 week low of $0.15 and a 52 week high of $4.72.

Institutional Investors Weigh In On Microvast

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its position in shares of Microvast by 158.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,606,896 shares of the company's stock valued at $1,880,000 after acquiring an additional 986,335 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Microvast by 467.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 358,476 shares of the company's stock worth $1,301,000 after acquiring an additional 295,285 shares in the last quarter. Rhumbline Advisers bought a new position in Microvast during the second quarter valued at about $1,046,000. Legal & General Group Plc bought a new position in Microvast during the second quarter valued at about $1,006,000. Finally, American Century Companies Inc. purchased a new stake in Microvast during the second quarter valued at about $414,000. 20.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Microvast from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

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.