In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Microvast Holdings (MVST – Research Report), with a price target of $8.00. The company’s shares closed yesterday at $2.49.
According to TipRanks, Dayal is a top 100 analyst with an average return of 34.8% and a 39.88% success rate. Dayal covers the Energy sector, focusing on stocks such as Vertex Energy, Microvast Holdings, and Plug Power.
Currently, the analyst consensus on Microvast Holdings is a Moderate Buy with an average price target of $8.00.
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Based on Microvast Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $46.97 million and a GAAP net loss of $29.58 million. In comparison, last year the company earned a revenue of $36.67 million and had a GAAP net loss of $43.34 million
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