Microvast (NASDAQ:MVST) Given "Sell (D-)" Rating at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed Microvast's stock with a "sell (D-)" rating, indicating ongoing concerns regarding the company's performance.
• Zacks Research upgraded Microvast from a "hold" rating to a "strong-buy," showcasing differing perspectives on the stock’s potential among analysts.
• Microvast recently reported quarterly earnings, exceeding EPS estimates with $0.05 but fell short on revenue expectations, generating $91.34 million compared to an anticipated $106.79 million.

Microvast (NASDAQ:MVST - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Zacks Research upgraded Microvast from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Microvast presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.00.

Microvast Price Performance

Microvast stock opened at $4.52 on Wednesday. The firm has a market capitalization of $1.47 billion, a P/E ratio of -8.86 and a beta of 3.22. Microvast has a 1 year low of $0.15 and a 1 year high of $4.91. The business has a 50-day moving average of $3.19 and a 200-day moving average of $3.00. 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 posted its earnings results on Monday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $91.34 million during the quarter, compared to analyst estimates 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. On average, equities analysts anticipate that Microvast will post -0.3 EPS for the current year.

Institutional Investors Weigh In On Microvast

A number of large investors have recently added to or reduced their stakes in MVST. Amalgamated Bank bought a new stake in Microvast in the 2nd quarter valued at $25,000. Calamos Advisors LLC acquired a new position in Microvast in the 2nd quarter valued at $38,000. Tidal Investments LLC acquired a new position in Microvast in the 2nd quarter valued at $41,000. Baader Bank Aktiengesellschaft acquired a new position in Microvast in the 1st quarter valued at $44,000. Finally, FNY Investment Advisers LLC acquired a new position in Microvast in the 1st quarter valued at $45,000. Institutional investors own 20.72% of the company's stock.

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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