Wenjuan Mattis, serving as Chief Technology Officer for Microvast Holdings, Inc., completed a transaction involving the sale of 4,705 shares of the company's common stock on June 10, 2026. The total value realized from this sale was $5,175, with each share transacted at a price of $1.10.
The sale was categorized as a sell-to-cover transaction. Its primary purpose was to fulfill tax withholding obligations tied to the settlement of restricted stock units. These specific units were granted to Mattis under the provisions of the Microvast Holdings, Inc. 2021 Equity Incentive Plan.
Following the execution of this transaction, Mattis continues to hold 927,973 shares of Microvast Holdings common stock directly.
This insider activity occurs against a backdrop of challenging market conditions for the company. MVST shares were trading at $1.13 at the time of reporting, a level that sits close to its 52-week low of $1.07. According to analysis from InvestingPro, the stock appears undervalued, with a calculated Fair Value of $1.67. This valuation places MVST among the opportunities featured on the Most Undervalued list.
The stock has experienced a significant decline of 72% over the past year. Despite this performance, analysts forecast a return to profitability for the company in 2026. InvestingPro provides 13 additional tips for MVST, offering deeper insights into the company's financial health and market position.
In other recent developments, Microvast Holdings reported disappointing earnings for the first quarter of 2026. The company posted a negative earnings per share of $0.04, which fell significantly short of the expected positive $0.05. Additionally, Microvast's revenue for the quarter was reported at $60.6 million, also falling short of projections.
In light of these results, Cantor Fitzgerald adjusted its outlook on Microvast. The firm lowered its price target for the company's stock from $6.00 to $5.00. Despite this reduction in the price target, Cantor Fitzgerald maintained an Overweight rating on Microvast shares. The firm also revised its revenue estimate for 2026 to $450 million, down from the previous estimate of $480.5 million.
These developments highlight recent challenges faced by Microvast in meeting earnings expectations. The company's stock closed at $1.13, with after-hours trading showing a slight increase to $1.15. The stock's performance over the past year reflects a decline of 0.0000%, while the 1D, 1W, 1M, 6M, and 5Y charts show varying degrees of volatility.