# Microvast Holdings share price today (Microvast Holdings, Inc., MVST)

> Microvast Holdings, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. MVST · Consumer Discretionary · Auto Parts · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/mvst

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## Key numbers

- Price: $0.60 (−89.0% in a year)
- P/E: 3.8×, against its own history
- Revenue (Jun 2026): $87.3 M (−4.5% on a year ago)
- Profit (Jun 2026): −$12.0 M
- Operating margin: −2.0% (−12.3 points on a year ago)
- ROE: −7%, FY25

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the Microvast Holdings share price today? Microvast Holdings, Inc.'s share price was $0.60 at the close on 3 November 2026. That is 55.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between $1 and $5, and at that close it sat 2% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 48 weeks running. Over the last 1 year the share price moved −80% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 5 December 2025. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Microvast Holdings pay? Microvast Holdings, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Microvast Holdings on? Microvast Holdings is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Microvast Holdings profitable? Microvast Holdings, Inc. posted a net loss of $12.0 M in the Jun 2026 quarter. The full FY25 year was a loss of $29.2 M. That loss is 13.7% of the quarter's revenue. The same quarter a year earlier lost $106 M. 8 of the last 12 reported quarters were loss-making. ## How much revenue does Microvast Holdings make, and is it growing? Microvast Holdings, Inc. reported $87.3 M of revenue in the Jun 2026 quarter, −4.5% on the same quarter a year earlier. Over 4 years it has grown 29.5% a year on average. The last full year, FY25, came in at $428 M. The last four reported quarters add to $368 M. FY25 revenue was $428 M, +12.6% on the year before. Recent pace: the last four quarters grew −11.5% on average, against 29.5% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −13.0%, against +2.5% a year over the last 8 quarters (rolling over). ## How much of every $100 of sales does Microvast Holdings keep? Microvast Holdings, Inc.'s operating margin was −2.0% in the Jun 2026 quarter, 12.3 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between −131.7% and 9.5%. The latest quarter is within that range. Across 5 years it has been between −131.7% and 9.5%, and FY25's 9.5% is the highest of them. Why the margin moved: operating margin changed −12.3 percentage points on the year while gross margin changed −5.2 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Microvast Holdings' profit turning into cash? Microvast Holdings, Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 it brought in $75.9 M of operating cash against −$29.2 M of profit. After $19.8 M of spending on assets, $56.1 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Microvast Holdings' cash go? Microvast Holdings, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $234 M on assets over the last 3 years. Averaged over those years that is 18.3% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $234 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Microvast Holdings' P/E ratio, and how does it compare with its own history? Microvast Holdings, Inc.'s P/E is 3.8×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Microvast Holdings business getting better or worse? Microvast Holdings, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Microvast Holdings earn on its capital? Microvast Holdings, Inc. earned a ROE of −7% in FY25. That is up from a low of −50% in FY24. Its return on capital used (ROIC) is 13.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −6.8% net margin and 0.43× asset turnover (sales divided by assets). Why the return is what it is (FY25): a −6.8% net margin × 0.43× asset turnover × 2.45× leverage (assets divided by equity) ≈ −7.2% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 0.6% − 14.1% = −13.5 percentage points. The 14.1% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Microvast Holdings have too much debt? Microvast Holdings, Inc. has total debt of $193 M against shareholder equity of $543 M as of Jun 2026, so its debt is 0.36× its equity. Year by year, that ratio went from 0.21 in FY21 to 0.94 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Microvast Holdings shareholding pattern? 9.4% of Microvast Holdings, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 4.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Microvast Holdings from balance-sheet trouble? For Microvast Holdings, Inc., the Z-score is 0.22. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 0.22 is inside the danger zone, so the balance sheet is a real risk. ## How does Microvast Holdings rank in its industry? There is no score against its industry: Microvast Holdings, Inc. is not among the largest members shown in this industry comparison for Auto Parts. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Microvast Holdings compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Microvast Holdings in size? Microvast Holdings is the 41st largest of 43 Auto Parts companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: ECARX Holdings Inc., Holley Inc., SES AI Corporation and Strattec Security Corporation. Just below it: Motorcar Parts of America, Inc. and Stoneridge, Inc. ### Auto Parts companies close in size

1. [ECARX Holdings Inc.](https://www.sectoralpha.in/us/stocks/ecx) $350 million
2. [Holley Inc.](https://www.sectoralpha.in/us/stocks/hlly) $324 million
3. [SES AI Corporation](https://www.sectoralpha.in/us/stocks/ses) $283 million
4. [Strattec Security Corporation](https://www.sectoralpha.in/us/stocks/strt) $256 million
5. Microvast Holdings, Inc. $232 million
6. [Motorcar Parts of America, Inc.](https://www.sectoralpha.in/us/stocks/mpaa) $197 million
7. [Stoneridge, Inc.](https://www.sectoralpha.in/us/stocks/sri) $165 million

[All 43 Auto Parts companies, largest first](https://www.sectoralpha.in/us/sectors/auto-parts#all-companies)

### Companies close in size in other industries

1. [Xponential Fitness, Inc.](https://www.sectoralpha.in/us/stocks/xpof) $220 million · Leisure
2. [Keros Therapeutics, Inc.](https://www.sectoralpha.in/us/stocks/kros) $219 million · Biotechnology
3. Microvast Holdings, Inc. $219 million
4. [SIGA Technologies, Inc.](https://www.sectoralpha.in/us/stocks/siga) $218 million · Drug Manufacturers - Specialty & Generic
5. [American Well Corporation](https://www.sectoralpha.in/us/stocks/amwl) $217 million · Health Information Services

## What else do people ask about Microvast Holdings? ### What were Microvast Holdings's latest quarterly results? Microvast Holdings, Inc. reported revenue of $87.3 M and a net loss of $12.0 M for the Jun 2026 quarter. Earnings per share were −$0.03. The operating margin was −2.0%, 12.3 percentage points lower than a year earlier (as of 3 November 2026). ### What is Microvast Holdings's market cap? Microvast Holdings, Inc.'s market capitalisation is $232 M at a stock price of $0.60. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Microvast Holdings performing? Microvast Holdings, Inc.'s latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 48 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Microvast Holdings's stock price go up? This page does not forecast Microvast Holdings, Inc.'s stock price. What it shows instead: the stock price is $0.60. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Microvast Holdings in its business cycle? Microvast Holdings, Inc.'s FY25 operating margin was 9.5%, against a 5-year range of −131.7% to 9.5%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was −2.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Microvast Holdings story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Microvast Holdings a stock worth studying right now? What the numbers show: Microvast Holdings, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.