Microvast (NASDAQ:MVST) Stock Price Up 18.6% - Should You Buy?

Key Points

• Microvast Holdings, Inc. stock rose 18.6% to $5.14, with trading volume decreasing by 9% compared to the average.
• Analysts have mixed views on the stock, with a consensus rating of "Moderate Buy" and an average target price of $3.00.
• Institutional investors have significantly increased their holdings, with notable purchases from JPMorgan Chase & Co. and Bank of America Corp DE.

Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) was up 18.6% on Monday . The company traded as high as $5.40 and last traded at $5.14. Approximately 7,509,432 shares traded hands during trading, a decline of 9% from the average daily volume of 8,249,311 shares. The stock had previously closed at $4.33.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Microvast in a research note on Wednesday, October 8th. Zacks Research upgraded 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, one has given a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Microvast has a consensus rating of "Moderate Buy" and an average target price of $3.00.

Microvast Trading Up 20.4%

The business has a 50 day simple moving average of $3.25 and a 200-day simple moving average of $3.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.56 and a current ratio of 0.83. The stock has a market capitalization of $1.70 billion, a P/E ratio of -10.23 and a beta of 3.22.

Microvast (NASDAQ:MVST - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 positive return on equity of 10.32% and a negative net margin of 26.82%. Microvast has set its FY 2025 guidance at EPS. On average, analysts predict that Microvast Holdings, Inc. will post -0.3 EPS for the current year.

Institutional Trading of Microvast

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Microvast by 680,832.5% during the second quarter. JPMorgan Chase & Co. now owns 3,118,671 shares of the company's stock valued at $11,321,000 after buying an additional 3,118,213 shares in the last quarter. Geode Capital Management LLC raised its holdings in Microvast by 117.3% during the second quarter. Geode Capital Management LLC now owns 4,635,584 shares of the company's stock valued at $16,830,000 after buying an additional 2,502,565 shares in the last quarter. Millennium Management LLC raised its holdings in Microvast by 101.6% during the first quarter. Millennium Management LLC now owns 4,646,060 shares of the company's stock valued at $5,436,000 after buying an additional 2,341,637 shares in the last quarter. Bank of America Corp DE raised its holdings in Microvast by 349.0% during the second quarter. Bank of America Corp DE now owns 1,636,970 shares of the company's stock valued at $5,942,000 after buying an additional 1,272,420 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Microvast by 158.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,606,896 shares of the company's stock valued at $1,880,000 after buying an additional 986,335 shares in the last quarter. 20.72% of the stock is currently 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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