Microvast (NASDAQ:MVST) Shares Down 7.3% - Here's Why

Key Points

• Microvast Holdings, Inc. shares dropped 7.3% to a low of $3.78, with trading volume declining by 85% from the average.
• Zacks Research upgraded Microvast's stock rating from "hold" to "strong-buy", with an average price target of $3.00.
• In the latest quarterly earnings report, Microvast posted a revenue of $91.34 million, which was below analyst estimates of $106.79 million.

Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) shares fell 7.3% on Tuesday . The stock traded as low as $3.78 and last traded at $3.77. 1,226,919 shares traded hands during trading, a decline of 85% from the average session volume of 8,106,478 shares. The stock had previously closed at $4.07.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Microvast from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the company presently has an average rating of "Strong Buy" and an average price target of $3.00.

Microvast Stock Down 8.7%

The company has a current ratio of 0.83, a quick ratio of 0.56 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $1.21 billion, a P/E ratio of -7.28 and a beta of 3.12. The company's fifty day simple moving average is $3.05 and its 200 day simple moving average is $2.88.

Microvast (NASDAQ:MVST - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 business had revenue of $91.34 million during the quarter, compared to analyst estimates of $106.79 million. Microvast has set its FY 2025 guidance at EPS. Research analysts expect that Microvast Holdings, Inc. will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MVST. BNP Paribas Financial Markets bought a new position in shares of Microvast in the 4th quarter worth about $25,000. Amalgamated Bank bought a new position in shares of Microvast in the 2nd quarter worth about $25,000. Calamos Advisors LLC bought a new position in shares of Microvast in the 2nd quarter worth about $38,000. Tidal Investments LLC bought a new position in shares of Microvast in the 2nd quarter worth about $41,000. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of Microvast in the 1st quarter worth about $44,000. 20.72% of the stock is currently owned by 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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