Microvast (NASDAQ:MVST) Sets New 1-Year High – Here’s What Happened

Shares of Microvast Holdings, Inc. (NASDAQ:MVST) reached a new 52-week high on Saturday . The stock traded as high as $4.91 and last traded at $4.56, with a volume of 12742563 shares trading hands. The stock had previously closed at $4.47.

Analyst Ratings Changes

MVST has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Microvast in a report on Saturday, September 27th. Zacks Research raised Microvast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $3.00.

Microvast Trading Up 2.0%

The stock has a market cap of $1.48 billion, a PE ratio of -8.94 and a beta of 3.22. The business has a 50-day moving average of $3.12 and a 200 day moving average of $2.96. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.56 and a current ratio of 0.83.

Microvast (NASDAQ:MVST) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $91.34 million during the quarter, compared to analysts’ expectations 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. Equities research analysts predict that Microvast Holdings, Inc. will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Amalgamated Bank acquired a new position in shares of Microvast during the 2nd quarter valued at about $25,000. Calamos Advisors LLC acquired a new position in shares of Microvast during the 2nd quarter valued at about $38,000. Tidal Investments LLC acquired a new position in shares of Microvast during the 2nd quarter valued at about $41,000. California State Teachers Retirement System acquired a new position in shares of Microvast during the 2nd quarter valued at about $45,000. Finally, Transcend Capital Advisors LLC acquired a new position in shares of Microvast during the 2nd quarter valued at about $54,000. Institutional investors and hedge funds own 20.72% of the company’s stock.

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.