Microvast (MVST) Set to Announce Quarterly Earnings on Thursday

Microvast (NASDAQ:MVST) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, August 8th. Analysts expect Microvast to post earnings of ($0.05) per share for the quarter. Microvast has set its Q2 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Microvast (NASDAQ:MVST) last issued its earnings results on Thursday, May 9th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The firm had revenue of $81.35 million during the quarter, compared to analyst estimates of $67.63 million. Microvast had a negative net margin of 29.79% and a negative return on equity of 18.01%. During the same quarter in the prior year, the business earned ($0.10) earnings per share.

Microvast Stock Up 15.7 %

NASDAQ MVST traded up $0.05 on Tuesday, reaching $0.38. The company had a trading volume of 1,892,674 shares, compared to its average volume of 3,873,718. The company has a quick ratio of 0.66, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average is $0.41 and its 200 day moving average is $0.57. Microvast has a 52-week low of $0.30 and a 52-week high of $2.80. The stock has a market capitalization of $121.14 million, a P/E ratio of -1.22 and a beta of 1.71.

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.