Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $1.99, but opened at $2.10. Microvast shares last traded at $2.17, with a volume of 2,089,021 shares traded.
Analysts Set New Price Targets
Separately, HC Wainwright reissued a "buy" rating and set a $3.00 price target on shares of Microvast in a report on Monday, November 18th.
Check Out Our Latest Analysis on MVST
Microvast Stock Performance
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 stock's 50 day moving average price is $1.35 and its 200 day moving average price is $0.67. The company has a market capitalization of $699.45 million, a price-to-earnings ratio of -5.68 and a beta of 2.14.
Institutional Trading of Microvast
A number of institutional investors have recently bought and sold shares of the business. Point72 DIFC Ltd bought a new stake in shares of Microvast during the 2nd quarter worth $28,000. AQR Capital Management LLC raised its position in shares of Microvast by 569.1% in the 2nd quarter. AQR Capital Management LLC now owns 109,139 shares of the company's stock worth $50,000 after acquiring an additional 92,828 shares in the last quarter. XTX Topco Ltd bought a new position in Microvast during the second quarter worth $80,000. Renaissance Technologies LLC bought a new stake in Microvast in the 2nd quarter valued at about $90,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Microvast in the 2nd quarter worth $141,000. Institutional investors 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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