Free Trial

Microvast (NASDAQ:MVST) Stock Price Up 7.3% - Here's Why

Microvast logo with Business Services background
Remove Ads

Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s stock price traded up 7.3% during mid-day trading on Friday . The stock traded as high as $2.17 and last traded at $2.14. 3,259,721 shares were traded during trading, a decline of 77% from the average session volume of 14,186,474 shares. The stock had previously closed at $1.99.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a "buy" rating and set a $3.00 price target on shares of Microvast in a report on Monday, November 18th.

Check Out Our Latest Analysis on MVST

Microvast Stock Up 9.5 %

The firm has a market cap of $705.93 million, a price-to-earnings ratio of -5.74 and a beta of 2.14. The firm has a 50-day moving average of $1.59 and a two-hundred day moving average of $0.75. 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 Trading of Microvast

A number of hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in Microvast during the second quarter valued at approximately $90,000. XTX Topco Ltd acquired a new stake in Microvast during the 2nd quarter valued at $80,000. Point72 DIFC Ltd bought a new stake in shares of Microvast during the second quarter worth $28,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Microvast in the second quarter valued at $264,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Microvast in the 2nd quarter valued at about $141,000. Institutional investors own 20.72% of the company's stock.

Remove Ads

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.

Featured Stories

Should You Invest $1,000 in Microvast Right Now?

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

10 Best Stocks to Own in 2025 Cover

Enter your email address and we'll send you MarketBeat's list of the 10 best stocks to own in 2025 and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

Will Tesla’s Robot Future Save Its Falling Stock?
NVIDIA’s Dip Is a Gift—Here’s Why It Won’t Last
Best ETFs for Spring 2025: Strong and Steady Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads