Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $2.75, but opened at $2.64. Microvast shares last traded at $2.41, with a volume of 5,002,460 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reiterated a "buy" rating and set a $3.00 price objective on shares of Microvast in a research report on Monday, November 18th.
Check Out Our Latest Report on Microvast
Microvast Trading Down 24.7 %
The business has a fifty day simple moving average of $0.89 and a 200-day simple moving average of $0.53. The firm has a market cap of $670.30 million, a price-to-earnings ratio of -5.45 and a beta of 2.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.30.
Hedge Funds Weigh In On Microvast
Several large investors have recently modified their holdings of MVST. Cubist Systematic Strategies LLC acquired a new stake in Microvast during the 2nd quarter valued at approximately $264,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Microvast during the second quarter worth $141,000. Renaissance Technologies LLC bought a new position in Microvast during the second quarter worth $90,000. XTX Topco Ltd acquired a new position in Microvast in the second quarter valued at $80,000. Finally, AQR Capital Management LLC boosted its position in Microvast by 569.1% during 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 last quarter. 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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