Shares of Microvast (MVST -21.05%) were falling almost 10% in morning trading Tuesday after the Chinese maker of electric vehicle batteries reported second-quarter losses that were wider than the year-ago period amid global supply chain disruptions that have led to shortages of materials. So what
Is Microvast stock overvalued or undervalued?
Only 8.94% of the stock of Microvast is held by institutions. Earnings for Microvast are expected to grow in the coming year, from ($0.75) to ($0.14) per share. Microvast has a P/B Ratio of 35.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Who are the top investors in Microvast stock?
Microvast's stock is owned by a variety of retail and institutional investors. Top institutional investors include FNY Investment Advisers LLC (0.01%). Which major investors are buying Microvast stock? MVST stock was purchased by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC.
What is the price targets for Microvast (MDM) stock?
Microvast has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating. According to analysts' consensus price target of $7.00, Microvast has a forecasted upside of 39.7% from its current price of $5.01.
Why is Microvast’s addressable market worth $30 billion?
Microvast is at the core of the large addressable market because batteries make up around 40 percent of the value of an EV. Its total addressable market is worth $30 billion by 2025, primarily driven by growing EV penetration. Between 2020 and 2025, Microvast expects its revenues to grow at a CAGR of 87 percent.
What is going on with Microvast?
Battery-maker Microvast still sees high raw material costs, supply chain issues impacting profits. Microvast has faced high material costs and supply chain issues since going public through a SPAC merger last year.
Is Microvast a good buy?
The Microvast Holdings, Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
Will Microvast stock go up?
Stock Price Forecast The 1 analysts offering 12-month price forecasts for Microvast Holdings Inc have a median target of 4.00, with a high estimate of 4.00 and a low estimate of 4.00. The median estimate represents a +50.94% increase from the last price of 2.65.
Is MVST a good stock to buy?
The financial health and growth prospects of MVST, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.
Why is Microvast stock going up?
Battery-maker Microvast shakes up leadership team with new CFO, president. The battery-maker saw sales increase after going public in 2021 but also faced increasing expenses and industry-wide supply chain constraints for raw materials and semiconductors.
When did Microvast go public?
July 26Microvast goes public. The battery manufacturer commenced trading on the Nasdaq on July 26 under the ticker 'MVST'.
Is MVST shorted?
Microvast (MVST) has 18.307M shares short, which is 10.7% of float and 20.37 times average daily trading volume.
Should I buy or sell Microvast stock right now?
2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Microvast in the last twelve months. There are currently...
What is Microvast's stock price forecast for 2022?
2 brokers have issued 1 year target prices for Microvast's stock. Their forecasts range from $4.00 to $8.00. On average, they predict Microvast's s...
How has Microvast's stock performed in 2022?
Microvast's stock was trading at $5.66 at the beginning of the year. Since then, MVST stock has decreased by 53.0% and is now trading at $2.66. Vi...
When is Microvast's next earnings date?
Microvast is scheduled to release its next quarterly earnings announcement on Monday, August 15th 2022. View our earnings forecast for Microvast .
How were Microvast's earnings last quarter?
Microvast Holdings, Inc. (NASDAQ:MVST) announced its quarterly earnings data on Monday, May, 16th. The company reported ($0.15) earnings per share...
What guidance has Microvast issued on next quarter's earnings?
Microvast issued an update on its FY 2022 earnings guidance on Monday, June, 6th. The company provided earnings per share guidance of for the perio...
Who are Microvast's key executives?
Microvast's management team includes the following people: Mr. Yang Wu , Founder, Chairman & CEO (Age 56, Pay $224.63k) Mr. Craig Webster , CFO...
Who are some of Microvast's key competitors?
Some companies that are related to Microvast include EnerSys (ENS) , Integer (ITGR) , Energizer (ENR) , Enovix (ENVX) , Fluence Energy (FLNC)...
What is Microvast's stock symbol?
Microvast trades on the NASDAQ under the ticker symbol "MVST."
The EV battery maker's stock ran into some second-quarter headwinds
Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.
What happened
Shares of Microvast ( NASDAQ:MVST) were falling almost 10% in morning trading Tuesday after the Chinese maker of electric vehicle batteries reported second-quarter losses that were wider than the year-ago period amid global supply chain disruptions that have led to shortages of materials.
So what
Microvast said its performance was affected by a number of factors, pointing to shipping delays and the chip shortage, which resulted in lower order volume for one of its manufacturing lines.
Now what
Microvast's earnings were for the quarter ending June 30, which was a month before it went public through a merger with special purpose acquisition company ( SPAC) Tuscan Holdings.
What is the ticker symbol for Microvast?
Microvast trades on the NASDAQ under the ticker symbol "MVST."
What is Microvast's rating?
Microvast has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.
What is the P/B ratio of Microvast?
Microvast has a P/B Ratio of 62.29. P/B Ratio s above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Where is Microvast located?
Microvast's mailing address is 135 E 57th St Fl 18, New York, New York 10022-2050 . The company can be reached via phone at 281-491-9595 or via email at [email protected].
Does Microvast pay dividends?
Microvast does not currently pay a dividend.
