Microvast (NASDAQ:MVST) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Microvast (NASDAQ:MVST) released its earnings results on Monday. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01), Zacks reports. The firm had revenue of $123.29 million for the quarter, compared to the consensus estimate of $120.02 million. Microvast had a positive return on equity of 10.32% and a negative net margin of 26.82%. Microvast updated its FY 2025 guidance to EPS.

Microvast Price Performance

Shares of Microvast stock traded up $0.05 during trading hours on Monday, reaching $4.98. The stock had a trading volume of 7,350,799 shares, compared to its average volume of 8,392,244. The company has a current ratio of 0.83, a quick ratio of 0.56 and a debt-to-equity ratio of 0.21. Microvast has a twelve month low of $0.17 and a twelve month high of $7.12. The stock’s 50 day moving average is $4.35 and its 200 day moving average is $3.61. The firm has a market capitalization of $1.62 billion, a PE ratio of -9.76 and a beta of 3.27.

Institutional Trading of Microvast

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Microvast by 14.6% during the 3rd quarter. Vanguard Group Inc. now owns 12,010,655 shares of the company’s stock worth $46,241,000 after purchasing an additional 1,533,708 shares during the last quarter. Millennium Management LLC lifted its position 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 during the last quarter. Bank of America Corp DE boosted its position in shares of Microvast by 349.0% during the 2nd quarter. Bank of America Corp DE now owns 1,636,970 shares of the company’s stock worth $5,942,000 after purchasing an additional 1,272,420 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of 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. Finally, Marshall Wace LLP increased its stake in Microvast by 20.4% during the second quarter. Marshall Wace LLP now owns 1,352,527 shares of the company’s stock worth $4,910,000 after purchasing an additional 229,518 shares during the period. Hedge funds and other institutional investors own 20.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MVST. Wall Street Zen upgraded shares of Microvast from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Microvast in a research note on Friday, October 31st. Finally, Zacks Research lowered shares of Microvast from a “strong-buy” rating to a “hold” rating in a research note 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 stock. According to MarketBeat.com, Microvast has a consensus rating of “Hold” 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.