Microvast (NASDAQ:MVST) Trading Up 14.5% – Should You Buy?

Microvast Holdings, Inc. (NASDAQ:MVST)’s share price rose 14.5% during trading on Wednesday . The stock traded as high as $1.59 and last traded at $1.6150. Approximately 4,017,655 shares traded hands during trading, a decline of 3% from the average daily volume of 4,151,485 shares. The stock had previously closed at $1.41.

Analyst Upgrades and Downgrades

MVST has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Microvast in a research note on Friday, March 27th. Wall Street Zen lowered Microvast from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Zacks Research downgraded shares of Microvast from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 19th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Microvast Price Performance

The company has a 50 day simple moving average of $1.82 and a 200-day simple moving average of $2.80. The stock has a market cap of $516.31 million, a price-to-earnings ratio of -4.86 and a beta of 3.60. The company has a quick ratio of 0.74, a current ratio of 0.92 and a debt-to-equity ratio of 0.13.

Microvast (NASDAQ:MVST) last released its earnings results on Monday, May 11th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.09). Microvast had a negative net margin of 11.52% and a negative return on equity of 6.50%. The business had revenue of $60.61 million for the quarter, compared to the consensus estimate of $99.02 million. As a group, research analysts anticipate that Microvast Holdings, Inc. will post 0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Microvast

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its stake in Microvast by 13.3% in the third quarter. SG Americas Securities LLC now owns 34,563 shares of the company’s stock valued at $133,000 after acquiring an additional 4,060 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Microvast by 11.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 54,060 shares of the company’s stock valued at $79,000 after buying an additional 5,547 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Microvast by 73.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,644 shares of the company’s stock valued at $41,000 after buying an additional 6,219 shares during the last quarter. AQR Capital Management LLC lifted its stake in Microvast by 18.2% in the fourth quarter. AQR Capital Management LLC now owns 57,110 shares of the company’s stock valued at $160,000 after buying an additional 8,800 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in Microvast in the third quarter valued at $38,000. 20.72% of the stock is currently owned by institutional investors and hedge funds.

About Microvast

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.