Deutsche Bank AG Acquires New Position in Microvast Holdings, Inc. $MVST

Deutsche Bank AG acquired a new position in Microvast Holdings, Inc. (NASDAQ:MVST) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 49,861 shares of the company’s stock, valued at approximately $58,000.

A number of other institutional investors also recently made changes to their positions in the business. BNP Paribas Financial Markets bought a new stake in Microvast during the 4th quarter valued at $25,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Microvast in the first quarter valued at about $44,000. FNY Investment Advisers LLC bought a new position in shares of Microvast during the first quarter valued at about $45,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Microvast during the fourth quarter valued at about $73,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Microvast by 351.7% during the first quarter. SBI Securities Co. Ltd. now owns 69,989 shares of the company’s stock worth $82,000 after purchasing an additional 54,496 shares during the period. Hedge funds and other institutional investors own 20.72% of the company’s stock.

Microvast Stock Performance

Microvast stock opened at $2.67 on Tuesday. Microvast Holdings, Inc. has a twelve month low of $0.15 and a twelve month high of $4.72. The company has a quick ratio of 0.56, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $868.68 million, a P/E ratio of -5.24 and a beta of 3.12. The stock’s 50 day moving average is $3.12 and its 200 day moving average is $2.65.

Microvast (NASDAQ:MVST) last issued its earnings results on Monday, August 11th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $91.34 million for the quarter, compared to the consensus estimate of $106.79 million. Microvast had a positive return on equity of 10.32% and a negative net margin of 26.82%. Microvast has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Microvast Holdings, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MVST shares. Wall Street Zen upgraded Microvast from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Zacks Research raised shares of Microvast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average price target of $3.00.

Microvast Company Profile

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.