Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) shares fell 6.1% during trading on Friday . The stock traded as low as $3.90 and last traded at $4.07. 2,512,076 shares changed hands during trading, a decline of 80% from the average session volume of 12,495,097 shares. The stock had previously closed at $4.33.
Wall Street Analyst Weigh In
Several research firms recently issued reports on MVST. Wall Street Zen raised Microvast from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. HC Wainwright reissued a "buy" rating and issued a $3.00 price objective on shares of Microvast in a research note on Tuesday, April 8th.
Read Our Latest Analysis on MVST
Microvast Stock Down 7.5%
The firm has a market cap of $1.30 billion, a PE ratio of -9.36 and a beta of 3.02. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $3.01 and a two-hundred day moving average price of $2.16.
Microvast (NASDAQ:MVST - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.10. The firm had revenue of $116.49 million during the quarter, compared to analysts' expectations of $104.00 million. Microvast had a negative return on equity of 10.97% and a negative net margin of 20.66%. On average, equities research analysts expect that Microvast Holdings, Inc. will post -0.3 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new stake in shares of Microvast during the 4th quarter worth $25,000. SBI Securities Co. Ltd. purchased a new stake in Microvast during the 4th quarter worth about $32,000. IMG Wealth Management Inc. acquired a new position in shares of Microvast during the 4th quarter worth about $38,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Microvast in the 1st quarter valued at about $44,000. Finally, FNY Investment Advisers LLC acquired a new stake in Microvast during the first quarter worth approximately $45,000. Institutional investors and hedge funds own 20.72% of the company's stock.
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.
Further Reading
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