Microvast (NASDAQ:MVST) Raised to “Buy” at Wall Street Zen

Microvast (NASDAQ:MVST) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Several other equities analysts have also commented on MVST. Zacks Research lowered shares of Microvast from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Microvast in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3.00.

Microvast Stock Performance

Microvast stock opened at $3.60 on Friday. The stock has a fifty day moving average price of $4.53 and a 200 day moving average price of $3.70. Microvast has a 52 week low of $0.47 and a 52 week high of $7.12. The firm has a market capitalization of $1.18 billion, a P/E ratio of -6.67 and a beta of 3.27. The company has a current ratio of 0.84, a quick ratio of 0.60 and a debt-to-equity ratio of 0.21.

Microvast (NASDAQ:MVST) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Microvast had a negative net margin of 28.81% and a positive return on equity of 11.34%. The business had revenue of $123.29 million during the quarter, compared to analysts’ expectations of $120.02 million. Microvast has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Microvast will post -0.3 earnings per share for the current year.

Institutional Investors Weigh In On Microvast

Several large investors have recently made changes to their positions in MVST. Amalgamated Bank acquired a new position in shares of Microvast during the 2nd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. purchased a new position in Microvast in the third quarter valued at about $32,000. Calamos Advisors LLC acquired a new position in shares of Microvast during the second quarter worth about $38,000. NewEdge Advisors LLC purchased a new stake in shares of Microvast in the third quarter worth about $38,000. Finally, Tidal Investments LLC purchased a new stake in shares of Microvast in the second quarter worth about $41,000. Institutional investors and hedge funds 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.