Microvast (NASDAQ:MVST) Shares Up 5.4% - Here's Why

Key Points

• Microvast's stock price increased by 5.4%, closing at $3.41, despite an 80% decline in trading volume compared to its average.
• Analysts have upgraded Microvast's stock rating from "hold" to "strong-buy", with an average price target set at $3.00.
• The company reported $0.05 earnings per share for the last quarter, exceeding analysts’ expectations, though revenue came in under forecast at $91.34 million.

Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s stock price rose 5.4% during trading on Wednesday . The stock traded as high as $3.41 and last traded at $3.41. Approximately 1,604,032 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 8,135,523 shares. The stock had previously closed at $3.23.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Microvast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Strong Buy" and an average price target of $3.00.

Microvast Trading Up 4.9%

The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.56. The company has a market cap of $1.17 billion, a PE ratio of 30.08 and a beta of 3.12. The firm's 50 day moving average is $2.96 and its 200 day moving average is $2.76.

Microvast (NASDAQ:MVST - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.05 earnings per share for the quarter, topping 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 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, equities analysts anticipate that Microvast Holdings, Inc. will post -0.3 earnings per share for the current year.

Institutional Trading of Microvast

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in Microvast during the 4th quarter valued at about $25,000. Amalgamated Bank bought a new position in shares of Microvast in the 2nd quarter worth approximately $25,000. Calamos Advisors LLC bought a new position in shares of Microvast in the 2nd quarter worth approximately $38,000. Tidal Investments LLC bought a new position in shares of Microvast in the 2nd quarter worth approximately $41,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in Microvast during the 1st quarter worth approximately $44,000. 20.72% of the stock is 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.