Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) traded up 6.2% during trading on Tuesday . The stock traded as high as $3.80 and last traded at $3.79. 1,297,214 shares were traded during trading, a decline of 89% from the average session volume of 12,298,795 shares. The stock had previously closed at $3.57.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on MVST shares. HC Wainwright reissued 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 research report on Thursday, May 22nd.
Read Our Latest Analysis on MVST
Microvast Price Performance
The stock's 50 day moving average price is $2.46 and its 200-day moving average price is $1.90. 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 stock has a market capitalization of $1.10 billion, a PE ratio of -8.92 and a beta of 2.72.
Microvast (NASDAQ:MVST - Get Free Report) last issued 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 net margin of 30.88% and a negative return on equity of 22.10%. The business had revenue of $116.49 million for the quarter, compared to the consensus estimate of $104.00 million. As a group, equities analysts forecast that Microvast Holdings, Inc. will post -0.3 EPS for the current year.
Institutional Investors Weigh In On Microvast
A number of institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in shares of Microvast during the fourth quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new position in Microvast during the 4th quarter valued at about $32,000. IMG Wealth Management Inc. bought a new stake in shares of Microvast in the 4th quarter valued at about $38,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of Microvast in the 1st quarter worth approximately $44,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Microvast in the 1st quarter worth approximately $45,000. 20.72% of the stock is owned by 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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