Microvast (NASDAQ:MVST) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Microvast (NASDAQ:MVST – Free Report) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

A number of other analysts have also commented on MVST. Zacks Research lowered shares of Microvast from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Microvast in a research report on Monday, December 8th. One investment 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’s stock. According to MarketBeat.com, Microvast has an average rating of “Hold” and a consensus price target of $3.00.

Read Our Latest Stock Report on MVST

Microvast Stock Performance

Shares of Microvast stock opened at $2.85 on Friday. The business has a 50-day simple moving average of $4.42 and a 200 day simple moving average of $3.75. Microvast has a one year low of $1.08 and a one year high of $7.12. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.60. The firm has a market capitalization of $935.31 million, a price-to-earnings ratio of -5.28 and a beta of 3.40.

Microvast (NASDAQ:MVST – Get Free Report) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $123.29 million during the quarter, compared to the consensus estimate of $120.02 million. Microvast had a positive return on equity of 11.34% and a negative net margin of 28.81%. On average, research analysts anticipate that Microvast will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank purchased a new stake in Microvast in the 2nd quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Microvast in the third quarter valued at approximately $32,000. Calamos Advisors LLC purchased a new stake in shares of Microvast during the second quarter valued at approximately $38,000. NewEdge Advisors LLC bought a new stake in Microvast during the third quarter worth $38,000. Finally, Tidal Investments LLC purchased a new position in Microvast in the second quarter worth $41,000. 20.72% of the stock is currently owned by hedge funds and other institutional investors.

Microvast Company Profile

(Get Free Report)

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.

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