Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $1.53, but opened at $1.65. Microvast shares last traded at $1.75, with a volume of 9,223,602 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 research report on Monday, November 18th.
Get Our Latest Analysis on Microvast
Microvast Stock Up 24.8 %
The firm has a market cap of $618.49 million, a PE ratio of -5.03 and a beta of 2.54. The stock has a 50 day simple moving average of $0.65 and a 200-day simple moving average of $0.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 0.83.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new position in shares of Microvast in the second quarter worth $28,000. AQR Capital Management LLC raised its position in 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 buying an additional 92,828 shares during the last quarter. XTX Topco Ltd bought a new position in Microvast during the 2nd quarter valued at about $80,000. Renaissance Technologies LLC purchased a new stake in shares of Microvast during the 2nd quarter valued at about $90,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Microvast in the second quarter worth approximately $141,000. 20.72% of the stock is owned by hedge funds and other institutional investors.
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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