Microvast (MVST) Set to Announce Earnings on Monday

Microvast (NASDAQ:MVST) is scheduled to release its earnings data after the market closes on Monday, April 1st. Analysts expect Microvast to post earnings of ($0.03) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Microvast Stock Performance

Shares of MVST opened at $0.84 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $264.94 million, a price-to-earnings ratio of -2.26 and a beta of 1.47. The stock has a 50 day moving average of $0.82 and a 200 day moving average of $1.19. Microvast has a 12 month low of $0.53 and a 12 month high of $2.91.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reissued an “overweight” rating and set a $8.00 price objective on shares of Microvast in a report on Wednesday, December 13th.

Institutional Investors Weigh In On Microvast

Large investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. bought a new stake in shares of Microvast in the second quarter worth about $26,000. American Century Companies Inc. bought a new stake in shares of Microvast in the fourth quarter worth about $30,000. Alliancebernstein L.P. bought a new stake in shares of Microvast in the third quarter worth about $31,000. Baker Avenue Asset Management LP bought a new stake in shares of Microvast in the fourth quarter worth about $35,000. Finally, Principal Financial Group Inc. grew its stake in shares of Microvast by 90.7% in the fourth quarter. Principal Financial Group Inc. now owns 27,087 shares of the company’s stock worth $38,000 after purchasing an additional 12,884 shares during the last quarter. Hedge funds and other 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. It delivers cutting-edge battery systems that empower a sustainable future. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2.