Microvast (NASDAQ:MVST) Trading 13.4% Higher - Time to Buy?

Key Points

• Microvast Holdings, Inc. shares rose by 13.4% to $4.37, significantly outperforming its previous close of $3.85 despite a decline in trading volume.
• Analysts have given Microvast a consensus rating of "Strong Buy" with a target price of $3.00, after Zacks Research upgraded the stock from "hold" to "strong-buy."
• The company reported a quarterly EPS of $0.05, beating estimates, but had total revenue of $91.34 million, falling short of the $106.79 million expected.

Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) shares were up 13.4% during trading on Tuesday . The company traded as high as $4.19 and last traded at $4.37. Approximately 2,225,772 shares changed hands during trading, a decline of 73% from the average daily volume of 8,129,151 shares. The stock had previously closed at $3.85.

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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 data from MarketBeat.com, Microvast presently has an average rating of "Strong Buy" and a consensus target price of $3.00.

Microvast Trading Up 7.9%

The company has a fifty day simple moving average of $2.97 and a two-hundred day simple moving average of $2.79. The company has a market capitalization of $1.35 billion, a P/E ratio of -8.13 and a beta of 3.12. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.56.

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, beating analysts' consensus estimates of $0.01 by $0.04. The business had revenue of $91.34 million for the quarter, compared to analyst estimates 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 forecast that Microvast Holdings, Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank bought a new position in shares of Microvast in the second quarter worth about $25,000. SBI Securities Co. Ltd. grew its holdings in Microvast by 11.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 77,976 shares of the company's stock valued at $283,000 after buying an additional 7,987 shares during the last quarter. Calamos Advisors LLC bought a new position in Microvast in the 2nd quarter worth approximately $38,000. Tidal Investments LLC acquired a new position in shares of Microvast during the second quarter worth approximately $41,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Microvast in the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 20.72% of the company's stock.

About Microvast

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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