Microvast (MVST) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Microvast in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MVST shares.
View MVST analyst ratings or view top-rated stocks.

2 equities research analysts have issued 1-year target prices for Microvast's stock. Their MVST share price forecasts range from $8.00 to $8.00. On average, they expect the company's share price to reach $8.00 in the next twelve months. This suggests a possible upside of 529.9% from the stock's current price.
View analysts price targets for MVST or view top-rated stocks among Wall Street analysts.

Microvast's stock was trading at $1.53 at the beginning of 2023. Since then, MVST shares have decreased by 17.0% and is now trading at $1.27.
View the best growth stocks for 2023 here.

Microvast saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 17,960,000 shares, an increase of 21.2% from the April 30th total of 14,820,000 shares. Based on an average trading volume of 3,340,000 shares, the days-to-cover ratio is currently 5.4 days. Approximately 10.4% of the company's shares are sold short.
View Microvast's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our MVST earnings forecast.

Microvast Holdings, Inc. (NASDAQ:MVST) issued its earnings results on Thursday, March, 16th. The company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.04. The company had revenue of $64.80 million for the quarter, compared to the consensus estimate of $60.50 million. Microvast had a negative trailing twelve-month return on equity of 23.38% and a negative net margin of 67.04%.

ETFs with the largest weight of Microvast (NASDAQ:MVST) stock in their portfolio include Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), SPDR S&P Kensho Smart Mobility ETF (HAIL), Global X Autonomous & Electric Vehicles ETF (DRIV), Amplify Lithium& Battery Technology ETF (BATT), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), iShares Self-Driving EV and Tech ETF (IDRV) and Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).

Microvast issued an update on its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $63.00 million-$67.00 million, compared to the consensus revenue estimate of $64.30 million.

Microvast trades on the NASDAQ under the ticker symbol "MVST."

Microvast's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.89%), Mirae Asset Global Investments Co. Ltd. (1.62%), State Street Corp (1.35%), Geode Capital Management LLC (1.14%), First Trust Advisors LP (0.60%) and Charles Schwab Investment Management Inc. (0.39%). Insiders that own company stock include Craig Webster, Shane Smith and Yanzhuan Zheng.
View institutional ownership trends.

Shares of MVST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of MVST stock can currently be purchased for approximately $1.27.

Microvast (NASDAQ:MVST) has a market capitalization of $392.98 million and generates $204.49 million in revenue each year. The company earns $-158,200,000.00 in net income (profit) each year or ($0.48) on an earnings per share basis.

The company employs 1,535 workers across the globe.

Microvast's mailing address is 135 E 57th St Fl 18, New York, New York 10022-2050. The official website for the company is www.microvast.com. The company can be reached via phone at 281-491-9505 or via email at ir@microvast.com.