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

Microvast (NASDAQ:MVST) announced its quarterly earnings results on Monday. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01), Zacks reports. The company had revenue of $123.29 million during the quarter, compared to analyst estimates of $120.02 million. Microvast had a negative net margin of 28.81% and a positive return on equity of 11.05%. Microvast updated its FY 2025 guidance to EPS.

Microvast Stock Performance

Shares of MVST opened at $4.31 on Wednesday. The firm has a fifty day moving average of $4.43 and a 200-day moving average of $3.64. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -7.98 and a beta of 3.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.56 and a current ratio of 0.83. Microvast has a 1 year low of $0.43 and a 1 year high of $7.12.

Analyst Upgrades and Downgrades

MVST has been the topic of several recent research reports. Zacks Research lowered Microvast from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Microvast in a research note on Friday, October 31st. Finally, Wall Street Zen upgraded shares of Microvast from a “hold” rating to a “buy” rating in a research note on Saturday. 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. According to MarketBeat.com, Microvast has a consensus rating of “Hold” and an average price target of $3.00.

Institutional Investors Weigh In On Microvast

Hedge funds have recently made changes to their positions in the business. American Century Companies Inc. acquired a new stake in Microvast in the 2nd quarter valued at approximately $414,000. Vanguard Group Inc. raised its stake in shares of Microvast by 14.6% during the third quarter. Vanguard Group Inc. now owns 12,010,655 shares of the company’s stock valued at $46,241,000 after purchasing an additional 1,533,708 shares in the last quarter. Invesco Ltd. lifted its holdings in Microvast by 51.1% in the second quarter. Invesco Ltd. now owns 834,854 shares of the company’s stock worth $3,031,000 after purchasing an additional 282,513 shares during the period. Goldman Sachs Group Inc. grew its position in Microvast by 158.9% in the 1st 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, BNP Paribas Financial Markets increased its stake 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. Institutional investors own 20.72% of the company’s stock.

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.