Microvast (NASDAQ:MVST) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Microvast (NASDAQ:MVST) from a buy rating to a hold rating in a report issued on Saturday morning.

A number of other analysts have also recently commented on MVST. Weiss Ratings restated a “sell (d-)” rating on shares of Microvast in a research report on Wednesday, October 8th. Zacks Research cut Microvast from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Microvast presently has an average rating of “Hold” and an average price target of $3.00.

Microvast Stock Performance

Shares of MVST opened at $5.83 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. The business has a 50-day simple moving average of $3.56 and a two-hundred day simple moving average of $3.21. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -11.43 and a beta of 3.22. Microvast has a 52 week low of $0.15 and a 52 week high of $7.12.

Microvast (NASDAQ:MVST) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The business 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. On average, analysts expect that Microvast will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Microvast

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Wyoming bought a new stake in shares of Microvast in the 2nd quarter valued at approximately $175,000. Tower Research Capital LLC TRC purchased a new stake in Microvast during the 2nd quarter valued at $75,000. Tidal Investments LLC purchased a new stake in Microvast during the 2nd quarter valued at $41,000. BNP Paribas Financial Markets raised its holdings in Microvast by 467.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 358,476 shares of the company’s stock valued at $1,301,000 after buying an additional 295,285 shares during the period. Finally, Brevan Howard Capital Management LP raised its holdings in Microvast by 89.0% during the 2nd quarter. Brevan Howard Capital Management LP now owns 109,353 shares of the company’s stock valued at $397,000 after buying an additional 51,482 shares during the period. 20.72% of the stock is owned by institutional investors.

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.