The stock of Microvast Holdings Inc. (NASDAQ:MVST) last traded at $2.65, down -1.49% from the previous session.
Data from the available sources indicates that Microvast Holdings Inc. (NASDAQ:MVST) is covered by 2 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $8.00 and a low of $8.00, we find $8.00. Given the previous closing price of $2.69, this indicates a potential upside of 197.4 percent. MVST stock price is now 53.18% away from the 50-day moving average and 58.04% away from the 200-day moving average. The market capitalization of the company currently stands at $939.66M.
In total, 0 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $8.00 as their price target over the next twelve months.
With the price target of $8, H.C. Wainwright recently initiated with Buy rating for Microvast Holdings Inc. (NASDAQ: MVST).
A total of 1.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MVST stock. A new stake in Microvast Holdings Inc. shares was purchased by HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND during the first quarter worth $628,000. D. E. SHAW & CO., INC. invested $458,000 in shares of MVST during the first quarter. In the first quarter, ERGOTELES LLC acquired a new stake in Microvast Holdings Inc. valued at approximately $321,000. CUBIST SYSTEMATIC STRATEGIES, LLC acquired a new stake in MVST for approximately $243,000. POINT72 ASSET MANAGEMENT, L.P. purchased a new stake in MVST valued at around $181,000 in the second quarter. In total, there are 150 active investors with 38.70% ownership of the company’s stock.
With an opening price of $2.6900 on Wednesday morning, Microvast Holdings Inc. (NASDAQ: MVST) set off the trading day. During the past 12 months, Microvast Holdings Inc. has had a low of $0.88 and a high of $3.50. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 1.80, and a quick ratio of 1.50. The fifty day moving average price for MVST is $1.7598 and a two-hundred day moving average price translates $1.6808 for the stock.
The latest earnings results from Microvast Holdings Inc. (NASDAQ: MVST) was released for Mar, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$0.04, beating analysts’ expectations of -$0.1 by 0.06. This compares to -$0.15 EPS in the same period last year. The net profit margin was -67.00% and return on equity was -23.20% for MVST. The company reported revenue of $46.97 million for the quarter, compared to $36.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.1 percent. For the current quarter, analysts expect MVST to generate $64.35M in revenue.
Microvast Holdings Inc.(MVST) Company Profile
Microvast Holdings, Inc. designs, develops, and manufactures battery systems for electric vehicles and energy storage systems in the United States, China, rest of the Asia Pacific, and Europe. 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. In addition, the company offers battery solutions for commercial vehicles and energy storage systems. Its commercial vehicle markets cover buses, trains, mining trucks, marine and port applications, and automated guided and specialty vehicles, as well as light, medium, heavy-duty trucks. Microvast Holdings, Inc. was incorporated in 2006 and is headquartered in Stafford, Texas.
