Microvast (NASDAQ:MVST - Get Free Report) announced its earnings results on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.10, Zacks reports. The business had revenue of $116.49 million during the quarter, compared to analysts' expectations of $104.00 million. Microvast had a negative net margin of 30.88% and a negative return on equity of 22.10%.
Microvast Trading Up 8.6%
Microvast stock traded up $0.27 during midday trading on Thursday, hitting $3.35. 12,803,523 shares of the stock were exchanged, compared to its average volume of 11,982,829. The company has a fifty day simple moving average of $1.77 and a two-hundred day simple moving average of $1.55. Microvast has a 52 week low of $0.15 and a 52 week high of $3.47. The stock has a market capitalization of $1.09 billion, a PE ratio of -8.82 and a beta of 2.72. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.24.
Analyst Ratings Changes
Separately, HC Wainwright reiterated a "buy" rating and set a $3.00 price target on shares of Microvast in a research report on Tuesday, April 8th.
Get Our Latest Research Report on Microvast
Microvast Company Profile
(
Get Free Report)
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.
See Also
Before you consider Microvast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Microvast wasn't on the list.
While Microvast currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for May 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
