FY2025 EPS Estimates for Microvast Cut by Cantor Fitzgerald

Microvast Holdings, Inc. (NASDAQ:MVST) – Equities researchers at Cantor Fitzgerald reduced their FY2025 earnings estimates for shares of Microvast in a research report issued on Thursday, April 3rd. Cantor Fitzgerald analyst D. Soderberg now forecasts that the company will earn ($0.32) per share for the year, down from their prior estimate of ($0.02). The consensus estimate for Microvast’s current full-year earnings is ($0.30) per share.

Microvast Stock Performance

Shares of NASDAQ:MVST opened at $1.79 on Monday. The company’s 50 day simple moving average is $1.62 and its 200 day simple moving average is $1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 0.83. Microvast has a 1 year low of $0.15 and a 1 year high of $2.87. The stock has a market capitalization of $582.12 million, a price-to-earnings ratio of -4.71 and a beta of 2.54.

Hedge Funds Weigh In On Microvast

A number of institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC bought a new position in Microvast in the fourth quarter valued at about $737,000. LPL Financial LLC boosted its stake in shares of Microvast by 559.0% in the 4th quarter. LPL Financial LLC now owns 272,455 shares of the company’s stock valued at $564,000 after purchasing an additional 231,109 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Microvast by 38.4% during the 4th quarter. XTX Topco Ltd now owns 119,066 shares of the company’s stock valued at $246,000 after purchasing an additional 33,016 shares during the last quarter. Bank of America Corp DE increased its position in Microvast by 193.9% during the 4th quarter. Bank of America Corp DE now owns 112,754 shares of the company’s stock worth $233,000 after purchasing an additional 74,393 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new position in Microvast in the 4th quarter valued at approximately $229,000. Institutional investors and hedge funds own 20.72% of the company’s stock.

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.