Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s stock price shot up 6.3% on Monday . The company traded as high as $1.57 and last traded at $1.61. 3,336,465 shares traded hands during trading, a decline of 74% from the average session volume of 13,031,645 shares. The stock had previously closed at $1.51.
Wall Street Analyst Weigh In
Separately, HC Wainwright restated a "buy" rating and set a $3.00 price target on shares of Microvast in a research note on Monday, November 18th.
Get Our Latest Analysis on Microvast
Microvast Trading Up 1.8 %
The firm has a 50 day simple moving average of $1.76 and a 200 day simple moving average of $0.83. The firm has a market cap of $544.14 million, a P/E ratio of -4.42 and a beta of 2.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.30.
Institutional Investors Weigh In On Microvast
Several hedge funds have recently added to or reduced their stakes in MVST. Charles Schwab Investment Management Inc. purchased a new stake in shares of Microvast in the 4th quarter valued at $229,000. SBI Securities Co. Ltd. bought a new position in shares of Microvast during the fourth quarter valued at about $32,000. Cubist Systematic Strategies LLC bought a new stake in shares of Microvast in the second quarter worth about $264,000. AQR Capital Management LLC increased its holdings in Microvast by 569.1% during 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 period. Finally, Renaissance Technologies LLC purchased a new position in shares of Microvast during the second quarter valued at approximately $90,000. Institutional investors own 20.72% of the company's stock.
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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