Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) shares rose 4.8% during trading on Thursday . The stock traded as high as $1.84 and last traded at $1.86. Approximately 3,865,928 shares traded hands during trading, a decline of 66% from the average daily volume of 11,405,977 shares. The stock had previously closed at $1.77.
Wall Street Analyst Weigh In
Separately, HC Wainwright restated a "buy" rating and issued a $3.00 price objective on shares of Microvast in a research report on Tuesday.
Check Out Our Latest Analysis on MVST
Microvast Stock Down 9.7 %
The firm has a 50 day moving average price of $1.62 and a 200-day moving average price of $1.22. The firm has a market cap of $528.46 million, a price-to-earnings ratio of -4.25 and a beta of 2.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 0.83.
Institutional Investors Weigh In On Microvast
Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets acquired a new position in Microvast in the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Microvast in the 4th quarter valued at $32,000. IMG Wealth Management Inc. acquired a new position in shares of Microvast in the 4th quarter valued at $38,000. Prudential Financial Inc. bought a new position in shares of Microvast in the 4th quarter worth $55,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Microvast during the fourth quarter worth $73,000. Institutional investors and hedge funds own 20.72% of the company's stock.
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.
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