Wedbush Securities Inc. Invests $145,000 in Microvast Holdings, Inc. $MVST

Wedbush Securities Inc. acquired a new position in Microvast Holdings, Inc. (NASDAQ:MVST) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 39,943 shares of the company’s stock, valued at approximately $145,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in Microvast by 101.6% during the 1st quarter. Millennium Management LLC now owns 4,646,060 shares of the company’s stock worth $5,436,000 after purchasing an additional 2,341,637 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Microvast by 158.9% in the first 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 during the last quarter. Cookson Peirce & Co. Inc. purchased a new position in shares of Microvast during the second quarter valued at approximately $938,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Microvast during the first quarter valued at approximately $213,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Microvast in the 1st quarter valued at $184,000. Institutional investors and hedge funds own 20.72% of the company’s stock.

Microvast Stock Performance

Shares of MVST stock opened at $3.89 on Friday. The company has a market cap of $1.28 billion, a P/E ratio of -7.20 and a beta of 3.27. Microvast Holdings, Inc. has a 52 week low of $0.47 and a 52 week high of $7.12. The company has a quick ratio of 0.56, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average of $4.49 and a two-hundred day moving average of $3.65.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Zacks Research lowered shares of Microvast from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Microvast in a research report on Friday, October 31st. Finally, Wall Street Zen upgraded Microvast from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $3.00.

Microvast 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.