Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $1.98, but opened at $2.10. Microvast shares last traded at $1.98, with a volume of 2,416,574 shares.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reiterated a "buy" rating and issued a $3.00 target price on shares of Microvast in a report on Monday, November 18th.
Read Our Latest Research Report on Microvast
Microvast Price Performance
The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.30. The firm has a market capitalization of $676.94 million, a PE ratio of -5.50 and a beta of 2.11. The stock has a fifty day moving average price of $1.85 and a 200-day moving average price of $0.89.
Institutional Trading of Microvast
A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in shares of Microvast during the 4th quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in Microvast in the fourth quarter worth about $32,000. IMG Wealth Management Inc. acquired a new position in Microvast during the 4th quarter valued at approximately $38,000. Prudential Financial Inc. acquired a new stake in Microvast during the 4th quarter worth about $55,000. Finally, XTX Topco Ltd increased its holdings in shares of Microvast by 38.4% in the fourth quarter. XTX Topco Ltd now owns 119,066 shares of the company's stock valued at $246,000 after purchasing an additional 33,016 shares during the period. 20.72% of the stock is currently owned by institutional investors.
About Microvast
(
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.
See Also
Before you consider Microvast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Microvast wasn't on the list.
While Microvast currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
