Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $4.47 and last traded at $4.34, with a volume of 2102033 shares changing hands. The stock had previously closed at $4.05.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on MVST shares. HC Wainwright restated a "buy" rating and set a $3.00 price target on shares of Microvast in a report on Tuesday, April 8th. Wall Street Zen raised shares of Microvast from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.
Get Our Latest Stock Analysis on MVST
Microvast Price Performance
The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.94. The company has a 50-day moving average price of $2.96 and a two-hundred day moving average price of $2.14.
Microvast (NASDAQ:MVST - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.10. Microvast had a negative return on equity of 10.97% and a negative net margin of 20.66%. The business had revenue of $116.49 million during the quarter, compared to the consensus estimate of $104.00 million. Analysts expect that Microvast Holdings, Inc. will post -0.3 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of MVST. Bank of America Corp DE increased its stake in Microvast by 193.9% in 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Microvast during the 4th quarter worth about $32,000. Squarepoint Ops LLC acquired a new stake in shares of Microvast in the 4th quarter valued at about $737,000. Prudential Financial Inc. bought a new stake in Microvast in the 4th quarter valued at about $55,000. Finally, LPL Financial LLC raised its stake in Microvast by 559.0% during the 4th quarter. LPL Financial LLC now owns 272,455 shares of the company's stock worth $564,000 after buying an additional 231,109 shares during the period. 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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