Microvast (NASDAQ:MVST) Trading Up 0.2% - What's Next?

Shares of Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) were up 0.2% on Tuesday . The stock traded as high as $5.45 and last traded at $5.25. Approximately 10,862,117 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 9,410,373 shares. The stock had previously closed at $5.24.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Microvast in a research report on Wednesday, October 8th. Zacks Research raised 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $3.00.

Microvast Price Performance

The stock has a market cap of $1.71 billion, a P/E ratio of -10.29 and a beta of 3.22. The firm has a 50-day moving average price of $3.35 and a 200-day moving average price of $3.11. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.56 and a current ratio of 0.83.

Microvast (NASDAQ:MVST - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. Microvast had a positive return on equity of 10.32% and a negative net margin of 26.82%.The firm 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. On average, analysts forecast that Microvast Holdings, Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Amalgamated Bank bought a new position in shares of Microvast in the 2nd quarter worth approximately $25,000. SBI Securities Co. Ltd. increased its position in Microvast by 11.4% during 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 in the last quarter. Calamos Advisors LLC bought a new position in Microvast during the 2nd quarter valued at approximately $38,000. Tidal Investments LLC bought a new position in Microvast during the 2nd quarter valued at approximately $41,000. Finally, California State Teachers Retirement System bought a new position in Microvast during the 2nd quarter valued at approximately $45,000. Institutional investors own 20.72% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.