Streetbeat News

MVST

Microvast Holdings, Inc.

https://www.microvast.com

Industry

Electrical Equipment & Parts

Microvast Holdings, Inc. designs, develops, and manufactures battery systems for electric vehicles and energy storage systems. 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. In addition, the company offers battery solutions for commercial vehicles and energy storage systems. Its commercial vehicle markets cover buses, trains, mining trucks, marine and port applications, and automated guided and specialty vehicles, as well as light, medium, heavy-duty trucks in the United States and internationally. The company was incorporated in 2006 and is based in Stafford, Texas.

Open

0.66

Mkt cap

233M

Volume

32M

High

0.76

P/E Ratio

-2.00

52-wk high

1.55

Low

0.63

Div yield

N/A

52-wk low

0.15

Microvast Holdings' shares are trading lower despite the company reporting better than expected earnings for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:53 pm

In Tuesday's pre-market session, VirTra, SKYX Platforms, Lichen China, SolarMax Technology, Freight Technologies, and Royalty Management Holdings saw gains, while Microvast Holdings, GE Aerospace, Pioneer Power Solutions, Terran Orbital, Nauticus Robotics, and OceanPal experienced declines. The movements were largely driven by the release of Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 12:07 pm

VirTra, Inc. (NASDAQ:VTSI) shares surged 20% in pre-market trading after reporting Q4 earnings and sales above expectations. Other stocks also showed significant movement in pre-market trading, with notable gainers including XTI Aerospace, Inc. (NASDAQ:XTIA) and Kidpik Corp. (NASDAQ:PIK), and losers like Acorda Therapeutics, Inc. (NASDAQ:ACOR) and Gritstone bio, Inc. (NASDAQ:GRTS).

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 12:04 pm

Microvast Holdings Inc (NASDAQ:MVST) reported Q4 financial results with a 61.4% year-over-year revenue increase to $104.58 million, surpassing estimates. The company also beat EPS estimates with an adjusted loss of 4 cents per share. Gross margin improved significantly to 22%. The company provided a positive outlook for Q1 with expected revenue growth of 40% to 60% and a gross margin target of 20% to 25%. Despite these positive results, MVST shares dropped 11.17% after hours.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 9:29 pm

Microvast Holdings (NASDAQ:MVST) reported Q4 adjusted EPS of $(0.04), surpassing the $(0.07) estimate, with sales of $104.58M exceeding the $94.43M forecast. This represents a 20% decrease in losses per share and a 61.39% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:05 pm

Numerous companies are scheduled to report their quarterly earnings on April 1, 2024, with a mix of projected profits and losses across various sectors. Notable mentions include Mach Natural Resources with expected earnings of $0.92 per share, Sigma Lithium with $0.18 per share, and PVH Corp with a significant $3.53 per share. Conversely, companies like Enservco and Nano X Imaging are anticipating losses. This diverse earnings landscape provides a broad view of the financial health across different industries.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 9:13 am

In Tuesday's intraday session, several industrials stocks experienced significant movements. Notably, C3is, Earlyworks Co, Intuitive Machines, Swvl Hldgs, Terran Orbital, and Microvast Holdings saw their stock prices increase, with C3is leading the gainers at a 41.8% rise. Conversely, Quhuo, noco-noco, Professional Diversity, Applied UV, Orion Group Hldgs, and Erayak Power Solution Gr faced declines, with Quhuo experiencing the largest drop at 49.6%. These movements were associated with various factors, including Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 5:31 pm

In Wednesday's pre-market session, several industrials stocks showed notable movements. Gainers included Mesa Air Group, voxeljet, Microvast Holdings, Blade Air Mobility, Bridger Aerospace Group, and Complete Solaria with increases ranging from 6.0% to 10.2%. On the losing side, Momentus, OceanPal, NeoVolta, Solidion Technology, Singularity Future Tech, and Richtech Robotics saw declines between 4.58% and 19.2%. Bridger Aerospace Group's movement was attributed to its Q4 earnings report released the previous day.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 1:05 pm

In Friday's after-market session, several industrials stocks saw significant movements. Velo3D, Momentus, Greenwave Tech Solns, Microvast Holdings, Astra Space, and WANG & LEE Group were among the gainers, with increases ranging from 4.99% to 8.7%. Conversely, SolarMax Technology, SOS, Simpple, Earlyworks Co, Exela Technologies, and Sentage Hldgs experienced declines between 3.94% and 5.1%.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 9:33 pm

In Monday's pre-market trading session, monday.com Ltd. (MNDY) shares fell sharply after reporting Q4 financial results, with adjusted earnings of 65 cents per share on sales of $202.57 million. Other stocks experiencing declines include AN2 Therapeutics, Inc. (ANTX), TELUS International (Cda) Inc. (TIXT), Applied Digital Corporation (APLD), Precigen, Inc. (PGEN), Microvast Holdings, Inc. (MVST), Wynn Resorts, Limited (WYNN), Larimar Therapeutics, Inc. (LRMR), and Manchester United plc (MANU), each for various reasons ranging from disappointing financial results to regulatory updates.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 1:16 pm

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