Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s share price rose 9.7% on Thursday . The company traded as high as $2.01 and last traded at $2.01. Approximately 2,989,036 shares traded hands during trading, a decline of 71% from the average daily volume of 10,134,990 shares. The stock had previously closed at $1.83.
Wall Street Analyst Weigh In
Separately, HC Wainwright restated a "buy" rating and set a $3.00 target price on shares of Microvast in a report on Monday, November 18th.
Get Our Latest Stock Report on Microvast
Microvast Stock Performance
The stock's 50 day simple moving average is $0.80 and its two-hundred day simple moving average is $0.50. The stock has a market cap of $825.73 million, a P/E ratio of -6.71 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.
Hedge Funds Weigh In On Microvast
A number of large investors have recently bought and sold shares of MVST. Renaissance Technologies LLC bought a new position in shares of Microvast in the second quarter valued at $90,000. XTX Topco Ltd bought a new stake in shares of Microvast during the 2nd quarter worth about $80,000. Point72 DIFC Ltd acquired a new position in shares of Microvast in the second quarter valued at approximately $28,000. Cubist Systematic Strategies LLC bought a new position in Microvast during the 2nd quarter worth $264,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Microvast in the 2nd quarter worth about $141,000. Institutional investors and hedge funds 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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