NASDAQ:MVST

Microvast (MVST) Stock Forecast, Price & News

$1.89

+0.03 (+1.61%)

(As of 09/29/2023 ET)

Compare

Today's Range: $1.86
▼
$1.95
50-Day Range: $1.57
▼
$2.87
52-Week Range: $0.88
▼
$2.91

Volume: 2.49 million shs
Average Volume: 2.54 million shs
Market Capitalization: $584.78 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $8.00

Microvast MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 323.3% Upside
$8.00 Price Target
Short Interest: Bearish
8.78% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.62
Based on 2 Articles This Week
Insider Trading: Selling Shares
$632,278 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.36) to ($0.16) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Industrials Sector

3rd out of 11 stocks

Electrical Equipment & Parts Industry

1st out of 2 stocks

3.5

Analyst's Opinion

Consensus Rating
Microvast has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.00, Microvast has a forecasted upside of 323.3% from its current price of $1.89.
Amount of Analyst Coverage
Microvast has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
8.78% of the float of Microvast has been sold short.
Short Interest Ratio / Days to Cover
Microvast has a short interest ratio ("days to cover") of 4.3.
Change versus previous month
Short interest in Microvast has recently decreased by 0.17%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Microvast does not currently pay a dividend.
Dividend Growth
Microvast does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MVST.

2.0

News and Social Media Coverage

News Sentiment
Microvast has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.27 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Microvast this week, compared to 2 articles on an average week.
Search Interest
Only 28 people have searched for MVST on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Microvast to their MarketBeat watchlist in the last 30 days. This is a decrease of -18% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Microvast insiders have sold 2,865.66% more of their company's stock than they have bought. Specifically, they have bought $21,320.00 in company stock and sold $632,278.00 in company stock.
Percentage Held by Insiders
31.30% of the stock of Microvast is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 22.59% of the stock of Microvast is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Microvast are expected to grow in the coming year, from ($0.36) to ($0.16) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Microvast is -4.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Microvast is -4.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Microvast has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Microvast (NASDAQ:MVST) Stock

Microvast Holdings, Inc. designs, develops, and manufactures battery systems for electric vehicles and energy storage systems in the United States, China, rest of the Asia Pacific, and Europe. 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. In addition, the company offers battery solutions for commercial vehicles and energy storage systems. Its commercial vehicle markets cover buses, trains, mining trucks, marine and port applications, and automated guided and specialty vehicles, as well as light, medium, heavy-duty trucks. Microvast Holdings, Inc. was incorporated in 2006 and is headquartered in Stafford, Texas.

MVST Price History

30 days | 90 days | 365 days | Advanced Chart

MVST Stock News Headlines

September 24, 2023 | finance.yahoo.com

Both retail investors who control a good portion of Microvast Holdings, Inc. (NASDAQ:MVST) along with institutions must be dismayed after last week's 13% decrease

September 21, 2023 | finance.yahoo.com

Are Business Services Stocks Lagging Microvast (MVST) This Year?

September 30, 2023 | Chaikin Analytics (Ad)

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September 20, 2023 | barrons.com

Microvast Holdings Inc. Wt

September 20, 2023 | americanbankingnews.com

Microvast (NASDAQ:MVST) Shares Gap Down After Insider Selling

September 19, 2023 | benzinga.com

Microvast Holdings Board Member Trades Company's Stock

September 19, 2023 | benzinga.com

Why Microvast Stock (MVST) Is Nosediving

September 19, 2023 | finance.yahoo.com

Director Yanzhuan Zheng Sells 313,009 Shares of Microvast Holdings Inc (MVST)

September 30, 2023 | Chaikin Analytics (Ad)

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September 18, 2023 | msn.com

Microvast Holdings director discloses sale of 313,009 shares

September 1, 2023 | msn.com

Janney Montgomery Scott Initiates Coverage of Microvast Holdings (MVST) with Buy Recommendation

August 31, 2023 | markets.businessinsider.com

Here's What's Going On With Microvast Stock Thursday

August 23, 2023 | msn.com

After Plunging -29.39% in 4 Weeks, Here's Why the Trend Might Reverse for Microvast Holdings, Inc. (MVST)

August 10, 2023 | finance.yahoo.com

Microvast Holdings, Inc. (NASDAQ:MVST) Q2 2023 Earnings Call Transcript

August 9, 2023 | bizjournals.com

Battery maker Microvast's record $676M backlog falls on shoulders of new Clarksville plant

August 8, 2023 | finance.yahoo.com

Microvast Appoints Zach Ward as President to Drive Ongoing U.S. Expansion

August 8, 2023 | finance.yahoo.com

Microvast Holdings, Inc. (MVST) Reports Q2 Loss, Tops Revenue Estimates

August 8, 2023 | seekingalpha.com

Microvast Holdings Non-GAAP EPS of -$0.02, revenue of $75M beats by $9.3M

August 8, 2023 | markets.businessinsider.com

Why Microvast Stock Is Moving Higher Today

August 7, 2023 | seekingalpha.com

Microvast Holdings, Inc. 2023 Q2 - Results - Earnings Call Presentation

August 6, 2023 | msn.com

Microvast: Vast Upside With Vast Risks

August 4, 2023 | benzinga.com

Microvast Holdings's Earnings Outlook

July 28, 2023 | stockhouse.com

ROSEN, A TOP RANKED LAW FIRM, Encourages Microvast Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - MVST, MVSTW

July 27, 2023 | finance.yahoo.com

Microvast to Present at the Oppenheimer 26th Annual Technology, Internet & Communications Conference

July 13, 2023 | seekingalpha.com

MVST and AZ among industrial movers

July 11, 2023 | finance.yahoo.com

Microvast Announces Energy Division Expansion in Colorado

July 7, 2023 | seekingalpha.com

EH and MVST among industrial movers

See More Headlines

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MVST Company Calendar

Last Earnings: 8/07/2023
Today: 9/30/2023
Next Earnings (Estimated): 11/09/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Electrical Equipment & Parts
Sub-Industry: N/A
Sector: Industrials
Current Symbol: NASDAQ:MVST
CUSIP: N/A
CIK: 1760689
Web: www.microvast.com
Phone: 281-491-9505
Fax: N/A
Employees: 1,535
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $8.00
High Stock Price Forecast: $8.00
Low Stock Price Forecast: $8.00
Forecasted Upside/Downside: +323.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.41)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-158,200,000.00
Net Margins: -55.88%
Pretax Margin: -55.85%
Return on Equity: -20.89%
Return on Assets: -12.74%

Debt

Debt-to-Equity Ratio: 0.13
Current Ratio: 1.46
Quick Ratio: 1.16

Sales & Book Value

Annual Sales: $204.49 million
Price / Sales: 2.86
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.98 per share
Price / Book: 0.95

Miscellaneous

Outstanding Shares: 309,410,000
Free Float: 212,565,000
Market Cap: $584.78 million
Optionable: Optionable
Beta: 1.48

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Key Executives

Mr. Yang Wu (Age 57)
Founder, Chairman & CEO
Comp: $542.89k

Mr. Craig Webster (Age 51)
Chief Financial Officer
Comp: $323.24k

Mr. Sascha Rene Kelterborn (Age 49)
Chief Revenue Officer
Comp: $453.43k

Mr. Zachariah Ward (Age 49)
Pres

Ms. Gao Lu (Age 41)
Chief Accounting Officer

Dr. Wenjuan Mattis Ph.D. (Age 43)
Chief Technology Officer

Ms. Sarah Beth Alexander (Age 39)
Compliance Officer & Head of Investor Relations

Ms. Isida Tushe (Age 36)
Gen. Counsel & Corp. Sec.

Mr. Shane Smith (Age 55)
Chief Procurement Officer.

Dr. Shengxian Wu Ph.D. (Age 39)
Chief Exec. Officer of China

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MVST Stock - Frequently Asked Questions

Should I buy or sell Microvast stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microvast in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MVST shares.
View MVST analyst ratings or view top-rated stocks.
What is Microvast's stock price forecast for 2023?: 3 Wall Street analysts have issued twelve-month price objectives for Microvast's shares. Their MVST share price forecasts range from $8.00 to $8.00. On average, they expect the company's stock price to reach $8.00 in the next year. This suggests a possible upside of 323.3% from the stock's current price.
View analysts price targets for MVST or view top-rated stocks among Wall Street analysts.
How have MVST shares performed in 2023?: Microvast's stock was trading at $1.53 at the beginning of 2023. Since then, MVST stock has increased by 23.5% and is now trading at $1.89.
View the best growth stocks for 2023 here.
When is Microvast's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our MVST earnings forecast.
How were Microvast's earnings last quarter?: Microvast Holdings, Inc. (NASDAQ:MVST) issued its earnings results on Monday, August, 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.06. The firm had revenue of $74.95 million for the quarter, compared to the consensus estimate of $64.19 million. Microvast had a negative trailing twelve-month return on equity of 20.89% and a negative net margin of 55.88%.
What ETFs hold Microvast's stock?: ETFs with the largest weight of Microvast (NASDAQ:MVST) stock in their portfolio include SPDR S&P Kensho Smart Mobility ETF (HAIL), Amplify Lithium& Battery Technology ETF (BATT), WisdomTree Battery Value Chain and Innovation Fund (WBAT), Global X Autonomous & Electric Vehicles ETF (DRIV) and iShares Self-Driving EV and Tech ETF (IDRV).First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).

What guidance has Microvast issued on next quarter's earnings?: Microvast updated its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $72.00 million-$80.00 million, compared to the consensus revenue estimate of $84.62 million.
What is Microvast's stock symbol?: Microvast trades on the NASDAQ under the ticker symbol "MVST."
How do I buy shares of Microvast?: 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.
What is Microvast's stock price today?: One share of MVST stock can currently be purchased for approximately $1.89.
How much money does Microvast make?: Microvast (NASDAQ:MVST) has a market capitalization of $584.78 million and generates $204.49 million in revenue each year. The company earns $-158,200,000.00 in net income (profit) each year or ($0.41) on an earnings per share basis.
How many employees does Microvast have?: The company employs 1,535 workers across the globe.
How can I contact Microvast?: 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.

This page (NASDAQ:MVST) was last updated on 9/30/2023 by MarketBeat.com Staff

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