Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $1.98, but opened at $2.10. Microvast shares last traded at $1.98, with a volume of 2,416,574 shares.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reiterated a "buy" rating and issued a $3.00 target price on shares of Microvast in a report on Monday, November 18th.
Read Our Latest Research Report on Microvast
Microvast Price Performance
The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.30. The firm has a market capitalization of $676.94 million, a PE ratio of -5.50 and a beta of 2.11. The stock has a fifty day moving average price of $1.85 and a 200-day moving average price of $0.89.
Institutional Trading of Microvast
A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in shares of Microvast during the 4th quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in Microvast in the fourth quarter worth about $32,000. IMG Wealth Management Inc. acquired a new position in Microvast during the 4th quarter valued at approximately $38,000. Prudential Financial Inc. acquired a new stake in Microvast during the 4th quarter worth about $55,000. Finally, XTX Topco Ltd increased its holdings in shares of Microvast by 38.4% in the fourth quarter. XTX Topco Ltd now owns 119,066 shares of the company's stock valued at $246,000 after purchasing an additional 33,016 shares during the period. 20.72% of the stock is currently owned by institutional investors.
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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