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

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

Other analysts also recently issued reports about the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Microvast in a report on Friday, October 31st. Zacks Research downgraded shares of Microvast from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.00.

Microvast Price Performance

MVST stock opened at $3.84 on Friday. The stock has a 50-day moving average price of $4.52 and a two-hundred day moving average price of $3.67. Microvast has a 1 year low of $0.47 and a 1 year high of $7.12. The stock has a market cap of $1.26 billion, a PE ratio of -7.11 and a beta of 3.27. The company has a current ratio of 0.84, a quick ratio of 0.56 and a debt-to-equity ratio of 0.21.

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

Institutional Investors Weigh In On Microvast

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Microvast by 14.6% in the 3rd 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 during the last quarter. Millennium Management LLC raised its stake in Microvast by 101.6% in the first quarter. Millennium Management LLC now owns 4,646,060 shares of the company’s stock valued at $5,436,000 after buying an additional 2,341,637 shares during the period. Geode Capital Management LLC lifted its position in shares of Microvast by 117.3% in the second quarter. Geode Capital Management LLC now owns 4,635,584 shares of the company’s stock valued at $16,830,000 after buying an additional 2,502,565 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Microvast by 680,832.5% in the second quarter. JPMorgan Chase & Co. now owns 3,118,671 shares of the company’s stock valued at $11,321,000 after buying an additional 3,118,213 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Microvast by 349.0% during the 2nd quarter. Bank of America Corp DE now owns 1,636,970 shares of the company’s stock worth $5,942,000 after acquiring an additional 1,272,420 shares during the period. 20.72% of the stock is owned by institutional investors.

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.