Microvast Holdings, Inc. (NASDAQ:MVST – Get Free Report) CEO Yang Wu sold 46,313 shares of Microvast stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $1.24, for a total transaction of $57,428.12. Following the transaction, the chief executive officer directly owned 134,065,439 shares in the company, valued at $166,241,144.36. This trade represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Microvast Stock Performance
MVST stock opened at $1.13 on Friday. The company has a market capitalization of $376.47 million, a PE ratio of -3.53 and a beta of 3.46. Microvast Holdings, Inc. has a one year low of $1.07 and a one year high of $7.12. The company’s 50 day moving average price is $1.60 and its two-hundred day moving average price is $2.28. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 0.96.
Microvast (NASDAQ:MVST – Get Free Report) last issued its earnings results on Monday, May 11th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.09). The firm had revenue of $60.61 million during the quarter, compared to analysts’ expectations of $99.02 million. Microvast had a negative return on equity of 6.12% and a negative net margin of 11.52%.
Hedge Funds Weigh In On Microvast
Wall Street Analyst Weigh In
A number of analysts have recently commented on MVST shares. Zacks Research cut shares of Microvast from a “hold” rating to a “strong sell” rating in a report on Thursday, March 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Microvast in a report on Friday, March 27th. Finally, Wall Street Zen cut shares of Microvast from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on Microvast
Microvast Company Profile
Microvast Holdings, Inc, traded on NASDAQ under the symbol MVST, is a global provider of advanced lithium-ion battery solutions for transportation and stationary energy storage applications. The company designs, develops and manufactures a range of battery cells, modules and packs tailored to electric buses, commercial vehicles, passenger cars and grid storage systems. Its technology emphasizes fast charging, long cycle life and high energy density to meet stringent performance requirements in demanding operating environments.
Founded in 2006, Microvast has established a vertically integrated platform that spans research and development, pilot production and full-scale manufacturing.
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