Microvast Holdings (NASDAQ: MVST) experienced a significant drop of 15.16% in after-hours trading, with shares falling to $2.57 from a close of $3.03.
Despite reporting improved Q2 earnings with a profit of $0.05 per share compared to a $0.21 loss last year and a revenue increase to $91.34 million, the stock declined sharply. The company’s forward-looking revenue projection is set between $450.00 million to $475.00 million, aligning with market expectations.
Today’s trading ranged from $2.94 to $3.19, with a volume of 12.98 million shares
