Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as $2.85 and last traded at $2.80, with a volume of 18373343 shares trading hands. The stock had previously closed at $2.45.
Wall Street Analyst Weigh In
Separately, HC Wainwright reiterated a "buy" rating and set a $3.00 price target on shares of Microvast in a research report on Monday, November 18th.
Check Out Our Latest Analysis on Microvast
Microvast Price Performance
The stock's 50-day simple moving average is $0.84 and its two-hundred day simple moving average is $0.51. The company has a market capitalization of $890.49 million, a price-to-earnings ratio of -7.24 and a beta of 2.54. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.24.
Institutional Investors Weigh In On Microvast
Several institutional investors have recently bought and sold shares of MVST. Point72 DIFC Ltd acquired a new position in shares of Microvast during the second quarter valued at approximately $28,000. AQR Capital Management LLC raised its stake in Microvast by 569.1% in the 2nd 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 last quarter. XTX Topco Ltd purchased a new position in Microvast in the 2nd quarter valued at $80,000. Renaissance Technologies LLC acquired a new stake in Microvast during the 2nd quarter worth $90,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Microvast during the second quarter worth $141,000. 20.72% of the stock is currently owned by institutional investors and hedge funds.
Microvast Company Profile
(
Get Free Report)
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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