Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s share price was up 5.2% during trading on Friday . The stock traded as high as $4.08 and last traded at $4.13. Approximately 1,831,912 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 12,617,023 shares. The stock had previously closed at $3.92.
Analyst Ratings Changes
A number of research firms recently commented on MVST. HC Wainwright reiterated a "buy" rating and issued a $3.00 target price on shares of Microvast in a research note on Tuesday, April 8th. Wall Street Zen raised shares of Microvast from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.
Read Our Latest Report on Microvast
Microvast Trading Down 10.1%
The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.32. The stock has a 50-day simple moving average of $3.27 and a 200 day simple moving average of $2.29. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -8.44 and a beta of 3.01.
Microvast (NASDAQ:MVST - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.06 EPS 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 firm had revenue of $116.49 million during the quarter, compared to the consensus estimate of $104.00 million. As a group, equities research analysts predict that Microvast Holdings, Inc. will post -0.3 EPS for the current fiscal year.
Institutional Trading of Microvast
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC lifted its position in Microvast by 101.6% during the first quarter. Millennium Management LLC now owns 4,646,060 shares of the company's stock valued at $5,436,000 after purchasing an additional 2,341,637 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Microvast by 158.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,606,896 shares of the company's stock valued at $1,880,000 after buying an additional 986,335 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Microvast in the 4th quarter valued at about $737,000. LPL Financial LLC lifted its holdings in shares of Microvast by 559.0% in the 4th quarter. LPL Financial LLC now owns 272,455 shares of the company's stock valued at $564,000 after buying an additional 231,109 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Microvast during the first quarter worth about $213,000. 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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