Microvast (NASDAQ:MVST) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Microvast (NASDAQ:MVST) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Several other research firms have also recently weighed in on MVST. Zacks Research cut shares of Microvast from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Microvast in a research report on Wednesday, October 8th. One research 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.00.

Microvast Stock Up 3.8%

Shares of NASDAQ:MVST opened at $6.05 on Friday. The stock’s 50-day moving average is $3.62 and its 200 day moving average is $3.25. The company has a market cap of $1.97 billion, a PE ratio of -11.86 and a beta of 3.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.56. Microvast has a 1 year low of $0.15 and a 1 year high of $7.12.

Microvast (NASDAQ:MVST) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Microvast had a positive return on equity of 10.32% and a negative net margin of 26.82%.The firm had revenue of $91.34 million for the quarter, compared to analyst estimates of $106.79 million. Microvast has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Microvast will post -0.3 EPS for the current year.

Institutional Trading of Microvast

Hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. grew its position in shares of Microvast by 351.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 69,989 shares of the company’s stock worth $82,000 after buying an additional 54,496 shares during the period. Baader Bank Aktiengesellschaft bought a new stake in Microvast during the first quarter worth about $44,000. Deutsche Bank AG purchased a new stake in Microvast in the first quarter worth about $58,000. Virtu Financial LLC bought a new position in shares of Microvast during the first quarter valued at approximately $120,000. Finally, Rathbones Group PLC purchased a new position in shares of Microvast during the first quarter valued at approximately $53,000. Institutional investors own 20.72% of the company’s stock.

About Microvast

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.