Key Points
- Director Yixin Pan sold 12,596 shares on Dec. 31 at an average price of $2.76 for $34,764.96, trimming his position by 8.79% to 130,739 shares.
- Microvast recently reported $0.04 EPS (vs. $0.05 expected) and $123.29M in revenue (beating estimates), while displaying a negative net margin of 28.81% and analysts forecasting about -0.3 EPS for the year.
- The stock trades around $2.99 with a 52-week range of $1.09–$7.12 and a market cap near $981M; analyst coverage is mixed with an average rating of Hold and an average target of $3.00.
Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) Director Yixin Pan sold 12,596 shares of the company's stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $2.76, for a total transaction of $34,764.96. Following the transaction, the director owned 130,739 shares of the company's stock, valued at approximately $360,839.64. The trade was a 8.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Microvast Stock Up 0.7%
Shares of NASDAQ:MVST opened at $2.99 on Friday. Microvast Holdings, Inc. has a fifty-two week low of $1.09 and a fifty-two week high of $7.12. The company has a quick ratio of 0.60, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm's 50-day simple moving average is $3.33 and its 200-day simple moving average is $3.60. The company has a market cap of $981.26 million, a price-to-earnings ratio of -5.54 and a beta of 3.37.
Microvast (NASDAQ:MVST - Get Free Report) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Microvast had a positive return on equity of 11.34% and a negative net margin of 28.81%.The firm had revenue of $123.29 million for the quarter, compared to analysts' expectations of $120.02 million. As a group, equities research analysts predict that Microvast Holdings, Inc. will post -0.3 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts recently weighed in on MVST shares. Zacks Research lowered Microvast from a "strong-buy" rating to a "hold" rating in a report on Monday, October 13th. Wall Street Zen lowered shares of Microvast from a "strong-buy" rating to a "buy" rating in a research report on Sunday, December 21st. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Microvast in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $3.00.
Read Our Latest Stock Report on Microvast
Institutional Trading of Microvast
Several large investors have recently bought and sold shares of MVST. JPMorgan Chase & Co. increased its position in shares of Microvast by 680,832.5% in the second quarter. JPMorgan Chase & Co. now owns 3,118,671 shares of the company's stock valued at $11,321,000 after buying an additional 3,118,213 shares in the last quarter. Geode Capital Management LLC increased its holdings in Microvast by 117.3% during the 2nd quarter. Geode Capital Management LLC now owns 4,635,584 shares of the company's stock valued at $16,830,000 after acquiring an additional 2,502,565 shares in the last quarter. Millennium Management LLC raised its position in Microvast by 101.6% during the first quarter. Millennium Management LLC now owns 4,646,060 shares of the company's stock worth $5,436,000 after acquiring an additional 2,341,637 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Microvast by 14.6% in the third quarter. Vanguard Group Inc. now owns 12,010,655 shares of the company's stock valued at $46,241,000 after purchasing an additional 1,533,708 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Microvast by 349.0% in the second quarter. Bank of America Corp DE now owns 1,636,970 shares of the company's stock valued at $5,942,000 after purchasing an additional 1,272,420 shares in the last quarter. Institutional investors and hedge funds own 20.72% of the company's stock.
About Microvast
(
Get Free Report)
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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