Microvast Holdings, Inc. (NASDAQ:MVST – Get Free Report) Director Yanzhuan Zheng sold 313,009 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $2.02, for a total value of $632,278.18. Following the transaction, the director now directly owns 1,710,000 shares of the company’s stock, valued at $3,454,200. The sale was disclosed in a filing with the SEC, which is available at this link.
Microvast Price Performance
Shares of NASDAQ:MVST traded down $0.07 during midday trading on Monday, hitting $1.96. 2,945,961 shares of the stock were exchanged, compared to its average volume of 3,427,266. The stock has a market cap of $606.44 million, a P/E ratio of -4.98 and a beta of 1.48. Microvast Holdings, Inc. has a twelve month low of $0.88 and a twelve month high of $2.91. The company has a 50 day moving average price of $2.23 and a 200-day moving average price of $1.69. The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13.
Microvast (NASDAQ:MVST – Get Free Report) last announced its earnings results on Monday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. The company had revenue of $74.95 million during the quarter, compared to analysts’ expectations of $64.19 million. Microvast had a negative net margin of 55.88% and a negative return on equity of 20.89%. On average, research analysts forecast that Microvast Holdings, Inc. will post -0.36 earnings per share for the current year.
Institutional Investors Weigh In On Microvast
Analyst Ratings Changes
A number of equities research analysts have commented on MVST shares. Janney Montgomery Scott assumed coverage on Microvast in a report on Thursday, August 31st. They issued a “buy” rating and a $8.00 target price for the company. Oppenheimer reissued an “outperform” rating and set a $8.00 price objective on shares of Microvast in a report on Tuesday, August 8th.
Microvast Company Profile
Microvast Holdings, Inc designs, develops, and manufactures battery systems for electric vehicles and energy storage systems in the United States, China, rest of the Asia Pacific, and Europe. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2.
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