Microvast (NASDAQ:MVST) Reaches New 1-Year High - Time to Buy?

Key Points

• Microvast Holdings, Inc. has reached a new 52-week high with shares trading at $6.25, up from a previous close of $5.25, with a volume of about 19.7 million shares exchanged.
• Analyst ratings for Microvast are mixed, with one analyst rating it as a Buy, one as a Hold, and one as a Sell, resulting in an average price target of $3.00.
• The company reported earnings of $0.05 per share, significantly above estimates, though it had a negative net margin of 26.82% and revenue below analyst expectations.

Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as $6.42 and last traded at $6.25, with a volume of 19688870 shares changing hands. The stock had previously closed at $5.25.

Analysts Set New Price Targets

MVST has been the topic of several recent research reports. Zacks Research cut shares of Microvast from a "strong-buy" rating to a "hold" rating in a report on Monday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Microvast in a report on Wednesday, October 8th. One 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's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $3.00.

Microvast Price Performance

The business's 50 day moving average is $3.42 and its 200-day moving average is $3.14. The firm has a market capitalization of $2.03 billion, a P/E ratio of -12.25 and a beta of 3.22. The company has a quick ratio of 0.56, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.

Microvast (NASDAQ:MVST - Get Free Report) last issued its 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 for the quarter, compared to analyst estimates of $106.79 million. Microvast has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Microvast Holdings, Inc. will post -0.3 EPS for the current fiscal year.

Institutional Trading of Microvast

A number of hedge funds have recently added to or reduced their stakes in MVST. FNY Investment Advisers LLC acquired a new stake in Microvast in the first quarter valued at approximately $45,000. SBI Securities Co. Ltd. raised its stake in Microvast by 351.7% during the first quarter. SBI Securities Co. Ltd. now owns 69,989 shares of the company's stock worth $82,000 after buying an additional 54,496 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in Microvast during the first quarter worth $44,000. Deutsche Bank AG bought a new position in Microvast during the first quarter worth $58,000. Finally, Virtu Financial LLC bought a new position in Microvast during the first quarter worth $120,000. Institutional investors and hedge funds own 20.72% of the company's stock.

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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