Microvast (NASDAQ:MVST - Get Free Report)'s stock had its "buy" rating reaffirmed by HC Wainwright in a research note issued on Monday,Benzinga reports. They presently have a $3.00 target price on the stock. HC Wainwright's price objective points to a potential upside of 381.39% from the company's current price.
Microvast Stock Down 13.3 %
Shares of MVST stock traded down $0.10 during mid-day trading on Monday, hitting $0.62. The company's stock had a trading volume of 19,775,986 shares, compared to its average volume of 9,231,348. The business has a 50-day moving average price of $0.26 and a 200 day moving average price of $0.34. The stock has a market cap of $201.80 million, a price-to-earnings ratio of -1.89 and a beta of 1.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.71 and a current ratio of 1.30. Microvast has a 52-week low of $0.15 and a 52-week high of $1.55.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Keynote Financial Services LLC acquired a new position in Microvast during the 1st quarter valued at approximately $40,000. Point72 DIFC Ltd acquired a new stake in Microvast during the second quarter valued at $28,000. AQR Capital Management LLC grew its position in shares of Microvast by 569.1% in the second quarter. AQR Capital Management LLC now owns 109,139 shares of the company's stock valued at $50,000 after purchasing an additional 92,828 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Microvast by 67.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 265,317 shares of the company's stock valued at $223,000 after buying an additional 107,116 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Microvast by 53,198.5% in the 1st quarter. Russell Investments Group Ltd. now owns 140,708 shares of the company's stock valued at $118,000 after buying an additional 140,444 shares during the period. Hedge funds and other institutional investors own 20.72% of the company's stock.
Microvast Company Profile
(
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Microvast Holdings, Inc provides battery technologies for electric vehicles and energy storage solutions. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2. It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator.
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