Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $1.50, but opened at $1.55. Microvast shares last traded at $1.57, with a volume of 3,437,308 shares traded.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $3.00 price objective on shares of Microvast in a research note on Monday, November 18th.
Get Our Latest Stock Analysis on Microvast
Microvast Stock Performance
The firm has a 50-day simple moving average of $1.71 and a two-hundred day simple moving average of $0.81. The company has a market capitalization of $547.37 million, a price-to-earnings ratio of -4.45 and a beta of 2.11. 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 Inflows and Outflows
A number of large investors have recently modified their holdings of MVST. Cubist Systematic Strategies LLC acquired a new stake in Microvast in the 2nd quarter valued at $264,000. Renaissance Technologies LLC acquired a new stake in shares of Microvast in the 2nd quarter valued at $90,000. Finally, AQR Capital Management LLC raised its stake in shares of Microvast by 569.1% during the second quarter. AQR Capital Management LLC now owns 109,139 shares of the company's stock worth $50,000 after buying an additional 92,828 shares during the last quarter. 20.72% of the stock is currently owned by institutional investors and hedge funds.
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.
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