Microvast (NASDAQ:MVST) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Microvast (NASDAQ:MVST) issued its earnings results on Monday. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01), Zacks reports. The business had revenue of $123.29 million during the quarter, compared to analysts’ expectations of $120.02 million. Microvast had a negative net margin of 26.82% and a positive return on equity of 10.32%. Microvast updated its FY 2025 guidance to EPS.

Microvast Stock Up 1.0%

Shares of MVST traded up $0.05 during midday trading on Monday, hitting $4.98. The company had a trading volume of 7,350,799 shares, compared to its average volume of 8,392,244. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -9.76 and a beta of 3.27. The company’s 50 day moving average price is $4.35 and its 200 day moving average price is $3.61. The company has a quick ratio of 0.56, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. Microvast has a 52 week low of $0.17 and a 52 week high of $7.12.

Institutional Trading of Microvast

Institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc acquired a new position in shares of Microvast in the 2nd quarter worth approximately $1,006,000. American Century Companies Inc. bought a new position in Microvast during the second quarter worth $414,000. Brevan Howard Capital Management LP boosted its holdings in Microvast by 89.0% in the second quarter. Brevan Howard Capital Management LP now owns 109,353 shares of the company’s stock worth $397,000 after purchasing an additional 51,482 shares during the period. Sei Investments Co. bought a new stake in Microvast during the second quarter valued at $391,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Microvast during the second quarter worth $267,000. Institutional investors and hedge funds own 20.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MVST. Wall Street Zen upgraded Microvast from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research lowered Microvast from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Microvast in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.00.

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.