Microvast (NASDAQ:MVST) Reaches New 12-Month High - Time to Buy?

Key Points

• Microvast Holdings, Inc. reached a new 52-week high of $5.07 before closing at $4.97 on Friday, with a trading volume of over 4.3 million shares.
• Analyst opinions vary, with Weiss Ratings maintaining a "sell" rating while Zacks upgraded the stock from "hold" to "strong-buy," reflecting mixed sentiments towards its future performance.
• Microvast reported earnings with a positive EPS of $0.05, surpassing expectations, but fell short on revenue, reporting $91.34 million against a forecast of $106.79 million.

Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $5.07 and last traded at $4.97, with a volume of 4303710 shares traded. The stock had previously closed at $4.54.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Microvast in a research note on Wednesday. Zacks Research raised 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 given a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $3.00.

Microvast Price Performance

The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -9.78 and a beta of 3.22. The company has a fifty day simple moving average of $3.22 and a 200 day simple moving average of $3.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.56 and a current ratio of 0.83.

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

Hedge Funds Weigh In On Microvast

A number of hedge funds have recently bought and sold shares of the company. Amalgamated Bank purchased a new position in Microvast during the 2nd quarter worth $25,000. SBI Securities Co. Ltd. boosted its stake in shares of Microvast by 11.4% during the second quarter. SBI Securities Co. Ltd. now owns 77,976 shares of the company's stock valued at $283,000 after purchasing an additional 7,987 shares during the period. Calamos Advisors LLC purchased a new stake in shares of Microvast during the second quarter valued at approximately $38,000. Tidal Investments LLC purchased a new stake in Microvast in the second quarter worth $41,000. Finally, California State Teachers Retirement System bought a new stake in Microvast during the 2nd quarter valued at approximately $45,000. 20.72% of the stock is owned by hedge funds and other institutional investors.

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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