Cantor Fitzgerald Decreases Earnings Estimates for Microvast

Microvast Holdings, Inc. (NASDAQ:MVST - Free Report) - Equities research analysts at Cantor Fitzgerald lowered their FY2025 earnings per share (EPS) estimates for shares of Microvast in a research note issued to investors on Thursday, April 3rd. Cantor Fitzgerald analyst D. Soderberg now anticipates that the company will post earnings of ($0.32) per share for the year, down from their prior estimate of ($0.02). The consensus estimate for Microvast's current full-year earnings is ($0.30) per share.

Separately, HC Wainwright reissued a "buy" rating and issued a $3.00 price target on shares of Microvast in a research report on Tuesday.

Microvast Stock Up 4.2 %

Shares of Microvast stock traded up $0.07 on Monday, hitting $1.73. The company had a trading volume of 4,471,528 shares, compared to its average volume of 11,446,610. The stock has a market capitalization of $562.61 million, a price-to-earnings ratio of -4.55 and a beta of 2.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.30. Microvast has a 1 year low of $0.15 and a 1 year high of $2.87. The stock has a 50 day moving average of $1.63 and a 200-day moving average of $1.27.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in Microvast in the 4th quarter worth about $25,000. SBI Securities Co. Ltd. bought a new position in shares of Microvast in the fourth quarter valued at approximately $32,000. IMG Wealth Management Inc. purchased a new stake in shares of Microvast during the fourth quarter valued at approximately $38,000. Prudential Financial Inc. bought a new stake in Microvast during the fourth quarter worth $55,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Microvast in the fourth quarter worth $73,000. 20.72% of the stock is owned by institutional investors.

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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.