Microvast - MVST Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microvast in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MVST shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MVST, but not buy additional shares or sell existing shares.
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3 Wall Street analysts have issued 12 month price targets for Microvast's shares. Their MVST share price forecasts range from $4.00 to $8.00. On average, they predict the company's stock price to reach $6.67 in the next twelve months. This suggests a possible upside of 207.2% from the stock's current price.
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Microvast's stock was trading at $5.66 at the start of the year. Since then, MVST stock has decreased by 61.7% and is now trading at $2.17.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 4th 2023.
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Microvast Holdings, Inc. (NASDAQ:MVST) released its quarterly earnings results on Monday, November, 15th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.45. The firm earned $36.89 million during the quarter. Microvast had a negative net margin of 82.89% and a negative trailing twelve-month return on equity of 26.33%.

Microvast issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $205.17 million-$212.77 million, compared to the consensus revenue estimate of $208.00 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 Vanguard Group Inc. (4.75%), BlackRock Inc. (3.70%), Luxor Capital Group LP (1.94%), State Street Corp (1.26%), Owl Creek Asset Management L.P. (0.90%) and Bank of New York Mellon Corp (0.18%). 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 $2.17.

Microvast (NASDAQ:MVST) has a market capitalization of $671.16 million and generates $151.98 million in revenue each year.

The company employs 1,359 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.