Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $2.35, but opened at $2.18. Microvast shares last traded at $1.97, with a volume of 4,321,416 shares.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reaffirmed a "buy" rating and set a $3.00 price target on shares of Microvast in a research report on Monday, November 18th.
Get Our Latest Stock Report on MVST
Microvast Price Performance
The business has a 50-day moving average price of $1.24 and a 200 day moving average price of $0.64. The stock has a market cap of $644.39 million, a PE ratio of -5.24 and a beta of 2.14. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24.
Institutional Investors Weigh In On Microvast
Institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in Microvast during the 2nd quarter worth about $80,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Microvast in the second quarter worth about $141,000. AQR Capital Management LLC boosted 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 acquiring an additional 92,828 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Microvast during the second quarter valued at approximately $264,000. Finally, Point72 DIFC Ltd bought a new stake in Microvast during the 2nd quarter worth approximately $28,000. Hedge funds and other institutional investors own 20.72% of the company's stock.
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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