Microvast (NASDAQ:MVST) Stock Price Up 4.5% - What's Next?

Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s stock price shot up 4.5% during mid-day trading on Tuesday . The stock traded as high as $1.80 and last traded at $1.76. 1,522,691 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 11,109,547 shares. The stock had previously closed at $1.68.

Analyst Upgrades and Downgrades

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

Microvast Stock Up 2.5 %

The business has a fifty day moving average price of $1.85 and a two-hundred day moving average price of $0.89. The firm has a market cap of $676.94 million, a PE ratio of -5.50 and a beta of 2.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 0.83.

Hedge Funds Weigh In On Microvast

Several institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC boosted its holdings in shares of Microvast by 559.0% during the fourth quarter. LPL Financial LLC now owns 272,455 shares of the company's stock worth $564,000 after purchasing an additional 231,109 shares during the period. XTX Topco Ltd boosted its position in Microvast by 38.4% during 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 last quarter. Bank of America Corp DE boosted its position in Microvast by 193.9% during the fourth quarter. Bank of America Corp DE now owns 112,754 shares of the company's stock valued at $233,000 after purchasing an additional 74,393 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in shares of Microvast during the 4th quarter valued at about $229,000. Finally, AQR Capital Management LLC lifted its holdings in shares of 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 buying an additional 92,828 shares during the last quarter. Hedge funds and other institutional investors own 20.72% of the company's stock.

Microvast Company Profile

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.