Microvast (NASDAQ:MVST) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Microvast (NASDAQ:MVST) released its earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01, Zacks reports. The company had revenue of $113.39 million for the quarter, compared to the consensus estimate of $92.50 million. Microvast had a negative return on equity of 22.10% and a negative net margin of 30.88%. During the same period in the previous year, the business earned ($0.04) earnings per share. Microvast updated its FY 2025 guidance to EPS.

Microvast Trading Up 23.8 %

Shares of NASDAQ:MVST opened at $1.42 on Tuesday. The stock has a 50 day moving average of $1.65 and a 200 day moving average of $1.17. The company has a market cap of $461.22 million, a PE ratio of -3.08 and a beta of 2.20. Microvast has a 12-month low of $0.15 and a 12-month high of $2.87. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24.

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.