Microvast (NASDAQ:MVST) Hits New 52-Week High - Still a Buy?

Key Points

• Microvast Holdings, Inc. (NASDAQ: MVST) reached a new 52-week high of $4.91 but last traded at $4.56, with a trading volume of over 12 million shares.
• Zacks Research upgraded Microvast's rating from "hold" to a "strong-buy", while Weiss Ratings maintained a "sell" rating, resulting in an average rating of "Moderate Buy" with a consensus price target of $3.00.
• In its latest quarterly earnings, Microvast reported earnings per share of $0.05, exceeding estimates, but its revenue of $91.34 million fell short of the expected $106.79 million.

Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) reached a new 52-week high during mid-day trading on Saturday . The stock traded as high as $4.91 and last traded at $4.56, with a volume of 12742563 shares traded. The stock had previously closed at $4.47.

Analyst Ratings Changes

A number of analysts have commented on the stock. Zacks Research upgraded shares of Microvast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Microvast in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $3.00.

Microvast Trading Up 2.0%

The business has a fifty day moving average price of $3.12 and a 200-day moving average price of $2.93. The company has a quick ratio of 0.56, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.48 billion, a P/E ratio of -8.94 and a beta of 3.22.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Amalgamated Bank bought a new position in Microvast during the 2nd quarter worth $25,000. SBI Securities Co. Ltd. increased its position in shares of Microvast by 11.4% in the second quarter. SBI Securities Co. Ltd. now owns 77,976 shares of the company's stock worth $283,000 after purchasing an additional 7,987 shares during the period. Calamos Advisors LLC acquired a new position in Microvast in the second quarter valued at about $38,000. Tidal Investments LLC bought a new stake in Microvast during the second quarter worth about $41,000. Finally, BNP Paribas Financial Markets bought a new position in Microvast in the 4th quarter valued at about $25,000. 20.72% of the stock is owned by institutional investors.

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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