Microvast (MVST) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microvast in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MVST shares.
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2 equities research analysts have issued twelve-month price objectives for Microvast's stock. Their MVST share price forecasts range from $8.00 to $8.00. On average, they anticipate the company's stock price to reach $8.00 in the next twelve months. This suggests a possible upside of 545.2% from the stock's current price.
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Microvast's stock was trading at $1.53 at the start of the year. Since then, MVST shares have decreased by 19.0% and is now trading at $1.24.
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Microvast saw a increase in short interest in 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 daily volume of 3,340,000 shares, the short-interest ratio is presently 5.4 days. Currently, 10.4% of the shares of the company are short sold.
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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) announced its earnings results on Thursday, March, 16th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.04. The company had revenue of $64.80 million for the quarter, compared to analysts' expectations of $60.50 million. Microvast had a negative net margin of 67.04% and a negative trailing twelve-month return on equity of 23.38%.

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 updated 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 a number of institutional and retail 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.
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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.
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One share of MVST stock can currently be purchased for approximately $1.24.

Microvast (NASDAQ:MVST) has a market capitalization of $383.69 million and generates $214.80 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.