Microvast (NASDAQ:MVST) Trading 4.8% Higher – Should You Buy?

Microvast Holdings, Inc. (NASDAQ:MVST)’s stock price rose 4.8% during mid-day trading on Thursday . The company traded as high as $1.84 and last traded at $1.86. Approximately 3,865,928 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 11,405,977 shares. The stock had previously closed at $1.77.

Microvast Stock Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 0.83. The stock has a market capitalization of $597.58 million, a P/E ratio of -4.86 and a beta of 2.20. The company has a 50 day simple moving average of $1.64 and a 200-day simple moving average of $1.18.

Microvast (NASDAQ:MVST) last released its quarterly earnings data on Monday, April 7th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. Microvast had a negative net margin of 30.88% and a negative return on equity of 22.10%. The business had revenue of $113.39 million for the quarter, compared to the consensus estimate of $92.50 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. On average, equities analysts forecast that Microvast Holdings, Inc. will post -0.3 EPS for the current year.

Institutional Investors Weigh In On Microvast

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in shares of Microvast in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new position in Microvast during the 4th quarter valued at about $32,000. IMG Wealth Management Inc. bought a new stake in shares of Microvast during the fourth quarter valued at about $38,000. Prudential Financial Inc. bought a new stake in shares of Microvast during the fourth quarter valued at about $55,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Microvast in the fourth quarter worth about $73,000. Institutional investors own 20.72% of the company’s stock.

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.