Microvast (NASDAQ:MVST) Trading Down 7.6% - What's Next?

Key Points

• Microvast Holdings, Inc. shares fell by 7.6% on Friday, closing at $5.92 after reaching a low of $5.76, with trading volume decreasing by 38% compared to its average.
• Analysts have mixed ratings on MVST, with Weiss Ratings maintaining a "sell" rating and Zacks downgrading it from "strong-buy" to "hold," resulting in a consensus price target of $3.00.
• Despite a revenue of $91.34 million, Microvast's earnings per share of $0.05 surpassed expectations, but it still posted a negative net margin of 26.82% for the quarter.

Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s share price was down 7.6% during trading on Friday . The company traded as low as $5.76 and last traded at $5.92. Approximately 5,211,849 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 8,460,850 shares. The stock had previously closed at $6.40.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MVST. Weiss Ratings restated a "sell (d-)" rating on shares of Microvast in a report on Wednesday, October 8th. Zacks Research cut shares of Microvast from a "strong-buy" rating to a "hold" rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $3.00.

Microvast Price Performance

The stock has a market capitalization of $1.90 billion, a P/E ratio of -11.44 and a beta of 3.22. The business's 50 day simple moving average is $3.50 and its two-hundred day simple moving average is $3.17. The company has a quick ratio of 0.56, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.

Microvast (NASDAQ:MVST - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $91.34 million for the quarter, compared to analyst estimates of $106.79 million. Microvast has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Microvast Holdings, Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Deutsche Bank AG bought a new stake in Microvast in the first quarter worth about $58,000. Virtu Financial LLC bought a new stake in shares of Microvast in the first quarter valued at approximately $120,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Microvast in the first quarter valued at approximately $184,000. Rathbones Group PLC bought a new stake in Microvast during the 1st quarter worth approximately $53,000. Finally, Baader Bank Aktiengesellschaft increased its holdings in Microvast by 175.8% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 104,458 shares of the company's stock worth $370,000 after acquiring an additional 66,578 shares during the period. 20.72% of the stock is owned by institutional investors.

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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