Analysts Set Expectations for Microvast FY2025 Earnings

Microvast Holdings, Inc. (NASDAQ:MVST - Free Report) - Stock analysts at Cantor Fitzgerald dropped their FY2025 earnings estimates for shares of Microvast in a 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 forecast 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 target price on shares of Microvast in a research report on Tuesday.

Microvast Trading Up 4.2 %

MVST traded up $0.07 during trading on Monday, reaching $1.73. The company had a trading volume of 4,471,528 shares, compared to its average volume of 11,446,612. 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 12-month low of $0.15 and a 12-month high of $2.87. The company has a market cap of $562.61 million, a price-to-earnings ratio of -4.55 and a beta of 2.54. The firm's 50-day simple moving average is $1.63 and its 200 day simple moving average is $1.27.

Institutional Trading of Microvast

A number of hedge funds have recently modified their holdings of MVST. Squarepoint Ops LLC acquired a new position in Microvast during the fourth quarter valued at $737,000. Bank of America Corp DE grew its stake in Microvast by 193.9% during the 4th quarter. Bank of America Corp DE now owns 112,754 shares of the company's stock valued at $233,000 after acquiring an additional 74,393 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Microvast in the 4th quarter valued at about $25,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Microvast in the fourth quarter worth approximately $73,000. Finally, XTX Topco Ltd boosted its holdings in shares of Microvast by 38.4% during the fourth quarter. XTX Topco Ltd now owns 119,066 shares of the company's stock worth $246,000 after purchasing an additional 33,016 shares during the period. Hedge funds and other institutional investors own 20.72% of the company's stock.

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About Microvast

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.