Wall Street Zen Upgrades Microvast (NASDAQ:MVST) to “Buy”

Microvast (NASDAQ:MVST) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

MVST has been the subject of several other reports. Zacks Research lowered Microvast from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Microvast in a research report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3.00.

Microvast Price Performance

Shares of NASDAQ MVST opened at $4.93 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. Microvast has a fifty-two week low of $0.17 and a fifty-two week high of $7.12. The business has a 50 day moving average price of $4.35 and a two-hundred day moving average price of $3.59. The firm has a market cap of $1.60 billion, a PE ratio of -9.67 and a beta of 3.27.

Microvast (NASDAQ:MVST) last released 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 company 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. Sell-side analysts expect that Microvast will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Microvast

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC boosted its stake in shares of Microvast by 13.3% during the 3rd quarter. SG Americas Securities LLC now owns 34,563 shares of the company’s stock worth $133,000 after acquiring an additional 4,060 shares in the last quarter. Amalgamated Bank acquired a new position in shares of Microvast in the 2nd quarter valued at $25,000. SBI Securities Co. Ltd. raised its holdings in Microvast by 11.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 77,976 shares of the company’s stock worth $283,000 after buying an additional 7,987 shares during the period. Calamos Advisors LLC acquired a new stake in Microvast during the 2nd quarter worth about $38,000. Finally, Tidal Investments LLC purchased a new stake in Microvast during the second quarter valued at about $41,000. Institutional investors 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.