Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) gapped up before the market opened 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 trading hands.
Wall Street Analyst Weigh In
Separately, HC Wainwright reissued a "buy" rating and set a $3.00 price objective on shares of Microvast in a report on Monday, November 18th.
Read Our Latest Analysis on MVST
Microvast Stock Up 3.0 %
The company has a fifty day moving average of $1.28 and a 200 day moving average of $0.65. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.24. The company has a market cap of $663.82 million, a P/E ratio of -5.39 and a beta of 2.14.
Institutional Trading of Microvast
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 DIFC Ltd bought a new position in Microvast in the 2nd quarter worth $28,000. AQR Capital Management LLC boosted its stake in shares of Microvast by 569.1% in the second 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 during the period. XTX Topco Ltd purchased a new stake in shares of Microvast during the second quarter worth about $80,000. Renaissance Technologies LLC bought a new stake in Microvast during the 2nd quarter valued at approximately $90,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Microvast in the 2nd quarter worth approximately $141,000. Hedge funds and other institutional investors own 20.72% of the company's stock.
Microvast Company Profile
(
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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