Cantor Fitzgerald Increases Earnings Estimates for Microvast

Microvast Holdings, Inc. (NASDAQ:MVST) – Analysts at Cantor Fitzgerald lifted their FY2025 earnings per share (EPS) estimates for shares of Microvast in a report issued on Wednesday, May 14th. Cantor Fitzgerald analyst D. Soderberg now anticipates that the company will earn $0.02 per share for the year, up from their previous estimate of ($0.07). The consensus estimate for Microvast’s current full-year earnings is ($0.30) per share.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Microvast in a research note on Tuesday, April 8th.

Microvast Stock Performance

MVST opened at $3.38 on Friday. The business’s fifty day moving average is $1.84 and its 200-day moving average is $1.61. The firm has a market cap of $1.10 billion, a P/E ratio of -8.89 and a beta of 2.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.30. Microvast has a 52-week low of $0.15 and a 52-week high of $3.47.

Microvast (NASDAQ:MVST) last released its earnings results on Monday, May 12th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.10. The company had revenue of $116.49 million for the quarter, compared to analyst estimates of $104.00 million. Microvast had a negative return on equity of 22.10% and a negative net margin of 30.88%.

Institutional Trading of Microvast

Several large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its stake in Microvast by 158.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,606,896 shares of the company’s stock valued at $1,880,000 after buying an additional 986,335 shares in the last quarter. Millennium Management LLC boosted its stake in Microvast by 101.6% in the first quarter. Millennium Management LLC now owns 4,646,060 shares of the company’s stock valued at $5,436,000 after buying an additional 2,341,637 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Microvast in the first quarter valued at about $213,000. OMERS ADMINISTRATION Corp acquired a new stake in Microvast in the first quarter valued at about $184,000. Finally, Rathbones Group PLC acquired a new stake in Microvast in the first quarter valued at about $53,000. 20.72% of the stock is owned by institutional investors and hedge funds.

About Microvast

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.