Microvast (NASDAQ:MVST) Shares Up 14.5% – Still a Buy?

Microvast Holdings, Inc. (NASDAQ:MVST) traded up 14.5% during trading on Wednesday . The company traded as high as $1.59 and last traded at $1.6150. 4,017,655 shares traded hands during trading, a decline of 3% from the average session volume of 4,151,485 shares. The stock had previously closed at $1.41.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MVST shares. Zacks Research cut Microvast from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 19th. Wall Street Zen lowered shares of Microvast from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Microvast in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Microvast Stock Down 3.3%

The company has a market cap of $476.75 million, a price-to-earnings ratio of -4.47 and a beta of 3.60. The business has a fifty day moving average of $1.79 and a two-hundred day moving average of $2.74. The company has a current ratio of 0.96, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06.

Microvast (NASDAQ:MVST) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.09). Microvast had a negative net margin of 11.52% and a negative return on equity of 6.12%. The company had revenue of $60.61 million for the quarter, compared to analysts’ expectations of $99.02 million. As a group, equities analysts anticipate that Microvast Holdings, Inc. will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Panagora Asset Management Inc. acquired a new stake in Microvast during the 4th quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. acquired a new position in Microvast during the 3rd quarter worth $32,000. Steward Partners Investment Advisory LLC raised its position in Microvast by 727.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,796 shares of the company’s stock valued at $36,000 after purchasing an additional 11,250 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of Microvast during the fourth quarter worth about $37,000. Finally, NewEdge Advisors LLC acquired a new stake in Microvast in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 20.72% of the company’s stock.

Microvast Company Profile

Microvast Holdings, Inc, traded on NASDAQ under the symbol MVST, is a global provider of advanced lithium-ion battery solutions for transportation and stationary energy storage applications. The company designs, develops and manufactures a range of battery cells, modules and packs tailored to electric buses, commercial vehicles, passenger cars and grid storage systems. Its technology emphasizes fast charging, long cycle life and high energy density to meet stringent performance requirements in demanding operating environments.

Founded in 2006, Microvast has established a vertically integrated platform that spans research and development, pilot production and full-scale manufacturing.