Microvast (NASDAQ:MVST) Cut to Hold at Zacks Research

Key Points

• Investment analysts at Zacks Research downgraded Microvast from a "strong-buy" rating to a "hold" rating, indicating a more cautious outlook on the stock.
• Despite reporting earnings that beat analyst estimates, Microvast generated revenue of $91.34 million, which fell short of the expected $106.79 million.
• The stock currently has an average rating of "Hold" with a consensus target price of $3.00 as of recent market evaluations.

Microvast (NASDAQ:MVST - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Microvast in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Microvast presently has an average rating of "Hold" and a consensus target price of $3.00.

Microvast Price Performance

Microvast stock opened at $5.25 on Monday. The stock has a market cap of $1.71 billion, a P/E ratio of -10.29 and a beta of 3.22. The company has a fifty day simple moving average of $3.35 and a 200-day simple moving average of $3.11. Microvast has a 12-month low of $0.15 and a 12-month high of $5.45. The company has a current ratio of 0.83, a quick ratio of 0.56 and a debt-to-equity ratio of 0.21.

Microvast (NASDAQ:MVST - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. Microvast had a negative net margin of 26.82% and a positive return on equity of 10.32%. The firm had revenue of $91.34 million during the quarter, compared to analysts' expectations of $106.79 million. Microvast has set its FY 2025 guidance at EPS. Equities analysts expect that Microvast will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MVST. Amalgamated Bank acquired a new stake in shares of Microvast in the second quarter valued at approximately $25,000. SBI Securities Co. Ltd. grew its holdings in Microvast by 11.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 77,976 shares of the company's stock worth $283,000 after acquiring an additional 7,987 shares in the last quarter. Calamos Advisors LLC acquired a new position in Microvast during the 2nd quarter worth $38,000. Tidal Investments LLC acquired a new position in Microvast during the 2nd quarter worth $41,000. Finally, California State Teachers Retirement System bought a new stake in Microvast in the 2nd quarter valued at about $45,000. 20.72% of the stock is currently owned by institutional investors and hedge funds.

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.

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