15,000 Shares in Microvast Holdings, Inc. $MVST Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC acquired a new position in Microvast Holdings, Inc. (NASDAQ:MVST) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $54,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Baader Bank Aktiengesellschaft purchased a new position in Microvast in the first quarter worth approximately $44,000. Rathbones Group PLC purchased a new position in Microvast in the first quarter worth approximately $53,000. Deutsche Bank AG purchased a new position in Microvast in the first quarter worth approximately $58,000. SBI Securities Co. Ltd. grew its position in Microvast by 351.7% in the first quarter. SBI Securities Co. Ltd. now owns 69,989 shares of the company’s stock worth $82,000 after acquiring an additional 54,496 shares during the period. Finally, Virtu Financial LLC purchased a new position in Microvast in the first quarter worth approximately $120,000. 20.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MVST has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Microvast in a research report on Friday. Zacks Research cut Microvast from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Wall Street Zen cut Microvast from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $3.00.

Microvast Stock Up 0.4%

NASDAQ:MVST opened at $5.45 on Friday. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -10.69 and a beta of 3.22. The company has a quick ratio of 0.56, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. Microvast Holdings, Inc. has a 52 week low of $0.15 and a 52 week high of $7.12. The stock’s fifty day moving average is $4.11 and its two-hundred day moving average is $3.47.

Microvast (NASDAQ:MVST) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $91.34 million for the quarter, compared to analysts’ expectations of $106.79 million. Microvast had a positive return on equity of 10.32% and a negative net margin of 26.82%. Microvast has set its FY 2025 guidance at EPS. Research analysts anticipate that Microvast Holdings, Inc. will post -0.3 EPS for the current year.

Microvast 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.