Microvast

MVST.US experienced a single-day decline during regular trading, hitting a low of $1.140 by 11:06 ET, down 5.0% from the prior close of $1.200, after peaking at $1.230 earlier. The drop was driven by a sharply disappointing Q1 earnings report: revenue fell 48% YoY to $60.6 million, primarily due to weaker demand from Indian and Korean markets, while EPS turned negative to -$0.0405 (a swing of -180.5% YoY) and operating income slipped to -$7.9 million from a positive $0.2 million a year ago. The stock opened in the pre-market at $1.200-1.220 but sold off immediately after the bell, with 402,268 shares traded in the regular session, echoing the post-earnings volume from May 11. The current price is 84% below its 52-week high of $7.12 and only 6.5% above the 52-week low of $1.07, and has fallen below the 20-day MA of $1.202. However, the stock bounced to $1.210 in after-hours trading, recovering some of the day's losses.