- Shares of Microvast (NASDAQ:MVST) are down 13% in premarket trading after it reported second-quarter results but delayed its 10-Q regulatory filinig.
- The stock has become a favorite with the WallStreetBets subreddit crowd and big swings in the price are now common. Shares have seen a move of about 10% or more five times so far this month.
- Microvast (MVST) says it needs more time to review numbers with its outside accounting firm. The company merged with Tuscan Holdings in July.
- The stock dropped out of the top 10 most mentioned stocks on WallStreetBets yesterday, according to Quiver Quantitative.
- In its press release, the company says it sees full-year revenue of $145M to $155M.
- That's below Morgan Stanley's estimates of $157M, according to Bloomberg.
- EV stocks are getting hit again on worries about Beijing crackdowns.