
Microvast Shares Are Down: What's Going On?

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Microvast Holdings, Inc. (NASDAQ: MVST) has seen a decline in share price despite reporting record revenue of $101.4 million in Q3 2024, a 26.6% increase year-over-year. Their gross margin improved to 33.2%. Analysts rate MVST stock as "Buy" with a 12-month forecast of $3.33, indicating a potential 164.29% increase. The company is advancing its True All-Solid-State Battery technology, which has boosted market confidence. The share price drop is attributed to market volatility rather than performance issues, suggesting a buying opportunity for investors.
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