Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s stock price fell 4% on Wednesday . The company traded as low as $3.30 and last traded at $3.36. 5,130,058 shares changed hands during trading, a decline of 60% from the average session volume of 12,798,405 shares. The stock had previously closed at $3.50.
Analyst Ratings Changes
A number of analysts have issued reports on MVST shares. HC Wainwright reiterated a "buy" rating and issued a $3.00 price target on shares of Microvast in a report on Tuesday, April 8th. Wall Street Zen raised shares of Microvast from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.
Get Our Latest Research Report on MVST
Microvast Stock Down 4.5%
The business has a 50-day moving average price of $3.50 and a 200 day moving average price of $2.39. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.04 billion, a P/E ratio of -7.46 and a beta of 2.97.
Microvast (NASDAQ:MVST - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.10. The business had revenue of $116.49 million during the quarter, compared to analyst estimates of $104.00 million. Microvast had a negative net margin of 20.66% and a negative return on equity of 10.97%. On average, equities analysts expect that Microvast Holdings, Inc. will post -0.3 EPS for the current fiscal year.
Institutional Investors Weigh In On Microvast
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MVST. SBI Securities Co. Ltd. purchased a new position in shares of Microvast in the 4th quarter worth approximately $32,000. Charles Schwab Investment Management Inc. purchased a new stake in Microvast during the 4th quarter valued at $229,000. Wealthfront Advisers LLC purchased a new stake in Microvast during the 4th quarter valued at $135,000. IMG Wealth Management Inc. purchased a new stake in Microvast during the 4th quarter valued at $38,000. Finally, LPL Financial LLC raised its holdings in Microvast by 559.0% during the 4th quarter. LPL Financial LLC now owns 272,455 shares of the company's stock valued at $564,000 after buying an additional 231,109 shares during the period. 20.72% of the stock is currently owned by hedge funds and other institutional investors.
Microvast Company Profile
(
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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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