Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) saw some unusual options trading activity on Friday. Investors purchased 24,642 call options on the company. This represents an increase of 324% compared to the typical daily volume of 5,810 call options.
Microvast Stock Performance
Shares of MVST stock traded up $0.48 during trading hours on Friday, hitting $2.35. The company's stock had a trading volume of 76,641,878 shares, compared to its average volume of 22,535,535. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $1.24 and a 200 day moving average of $0.63. Microvast has a 12-month low of $0.15 and a 12-month high of $2.87. The stock has a market cap of $760.97 million, a PE ratio of -6.18 and a beta of 2.14.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of MVST. Point72 DIFC Ltd purchased a new position in Microvast during the second quarter worth approximately $28,000. AQR Capital Management LLC raised its stake 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 worth $50,000 after buying an additional 92,828 shares during the period. XTX Topco Ltd purchased a new position in shares of Microvast during the 2nd quarter valued at approximately $80,000. Renaissance Technologies LLC acquired a new stake in Microvast in the 2nd quarter valued at $90,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Microvast in the 2nd quarter worth $141,000. 20.72% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reaffirmed a "buy" rating and set a $3.00 price objective on shares of Microvast in a research note on Monday, November 18th.
Read Our Latest Analysis on MVST
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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