Squarepoint Ops LLC Acquires Shares of 356,186 Microvast Holdings, Inc. (NASDAQ:MVST)

Squarepoint Ops LLC acquired a new stake in shares of Microvast Holdings, Inc. (NASDAQ:MVST - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 356,186 shares of the company's stock, valued at approximately $737,000. Squarepoint Ops LLC owned 0.11% of Microvast as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MVST. BNP Paribas Financial Markets acquired a new position in Microvast in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Microvast in the 4th quarter worth about $32,000. IMG Wealth Management Inc. acquired a new position in shares of Microvast in the 4th quarter valued at about $38,000. Prudential Financial Inc. purchased a new stake in shares of Microvast during the 4th quarter worth about $55,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Microvast during the 4th quarter worth approximately $73,000. 20.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MVST has been the topic of a number of recent research reports. Wall Street Zen raised shares of Microvast from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. HC Wainwright reissued a "buy" rating and issued a $3.00 target price on shares of Microvast in a research note on Tuesday, April 8th.

Microvast Stock Up 15.1%

NASDAQ:MVST traded up $0.52 during mid-day trading on Friday, hitting $3.96. The company had a trading volume of 8,070,791 shares, compared to its average volume of 12,375,058. Microvast Holdings, Inc. has a 1 year low of $0.15 and a 1 year high of $4.32. The business has a fifty day simple moving average of $2.56 and a 200-day simple moving average of $1.94. 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 firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -10.42 and a beta of 3.02.

Microvast (NASDAQ:MVST - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.10. The business had revenue of $116.49 million for the quarter, compared to the consensus estimate of $104.00 million. Microvast had a negative return on equity of 22.10% and a negative net margin of 30.88%. Equities analysts forecast that Microvast Holdings, Inc. will post -0.3 earnings per share for the current fiscal year.

Microvast 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.