Microvast (NASDAQ:MVST) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Microvast (NASDAQ: MVST) was downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting concerns over the company's performance.
• Zacks Research also downgraded Microvast to a "hold" rating, with the stock currently averaging a target price of $3.00.
• Shares of Microvast have seen a significant decline, trading down 8.9%, after the release of its quarterly earnings that fell short of revenue expectations.

Microvast (NASDAQ:MVST - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

MVST has been the subject of several other reports. Zacks Research downgraded Microvast from a "strong-buy" rating to a "hold" rating in a report on Monday, October 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Microvast in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $3.00.

Microvast Trading Down 8.9%

Shares of MVST opened at $5.83 on Friday. The stock has a fifty day moving average of $3.56 and a two-hundred day moving average of $3.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.56 and a current ratio of 0.83. The company has a market capitalization of $1.90 billion, a PE ratio of -11.43 and a beta of 3.22. Microvast has a fifty-two week low of $0.15 and a fifty-two week high of $7.12.

Microvast (NASDAQ:MVST - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $91.34 million during the quarter, compared to the consensus estimate 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, analysts forecast that Microvast will post -0.3 EPS for the current year.

Institutional Trading of Microvast

Several hedge funds and other institutional investors have recently bought and sold shares of MVST. SBI Securities Co. Ltd. grew its position in Microvast by 351.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 69,989 shares of the company's stock worth $82,000 after purchasing an additional 54,496 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in Microvast in the 1st quarter worth $44,000. Deutsche Bank AG acquired a new stake in Microvast in the 1st quarter worth $58,000. Virtu Financial LLC acquired a new stake in Microvast in the 1st quarter worth $120,000. Finally, Rathbones Group PLC acquired a new stake in Microvast in the 1st quarter worth $53,000. 20.72% of the stock is currently owned by institutional investors and hedge funds.

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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