Microvast (NASDAQ:MVST) Announces Earnings Results, Beats Estimates By $0.04 EPS

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) released its earnings results on Monday. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.04, Zacks reports. Microvast had a negative return on equity of 10.97% and a negative net margin of 20.66%. Microvast updated its FY 2025 guidance to EPS.

Microvast Stock Performance

Shares of Microvast stock traded up $0.14 on Monday, hitting $3.03. The stock had a trading volume of 14,489,106 shares, compared to its average volume of 6,072,944. Microvast has a 52-week low of $0.15 and a 52-week high of $4.72. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.32. The stock has a market cap of $985.78 million, a price-to-earnings ratio of -7.05 and a beta of 3.02. The company's 50 day moving average price is $3.52 and its 200 day moving average price is $2.55.

Institutional Trading of Microvast

Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Microvast during the 1st quarter valued at approximately $213,000. Goldman Sachs Group Inc. raised its stake in 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 last quarter. Finally, Millennium Management LLC raised its stake in Microvast by 101.6% during the 1st quarter. Millennium Management LLC now owns 4,646,060 shares of the company's stock valued at $5,436,000 after acquiring an additional 2,341,637 shares during the last quarter. 20.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Microvast from a "hold" rating to a "buy" rating in a report 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.

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