Microvast Target of Unusually Large Options Trading (NASDAQ:MVST)

Key Points

• Traders purchased 16,346 call options on Microvast, a surge of about 145% above the typical daily call volume.
• Analysts have an average rating of Hold with a consensus price target of $3.00, reflecting one Buy, one Hold and one Sell opinion.
• Microvast reported quarterly EPS of $0.04 (missing the $0.05 estimate) while revenue of $123.29M beat expectations, and the company showed a negative net margin of -28.81%.

Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) was the target of unusually large options trading activity on Thursday. Stock traders acquired 16,346 call options on the stock. This represents an increase of 145% compared to the typical daily volume of 6,669 call options.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Microvast in a research note on Monday, December 29th. Wall Street Zen lowered Microvast from a "strong-buy" rating to a "buy" rating in a report on Sunday, December 21st. Finally, Zacks Research downgraded Microvast from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Microvast currently has an average rating of "Hold" and a consensus price target of $3.00.

Institutional Investors Weigh In On Microvast

Several large investors have recently added to or reduced their stakes in MVST. Amalgamated Bank purchased a new stake in Microvast during the second quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Microvast in the third quarter valued at approximately $32,000. Calamos Advisors LLC purchased a new stake in shares of Microvast during the 2nd quarter valued at approximately $38,000. NewEdge Advisors LLC purchased a new stake in shares of Microvast during the 3rd quarter valued at approximately $38,000. Finally, Tidal Investments LLC bought a new position in Microvast in the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 20.72% of the company's stock.

Microvast Stock Performance

Shares of Microvast stock traded up $0.43 on Thursday, reaching $3.58. 5,290,234 shares of the company traded hands, compared to its average volume of 4,019,690. The company has a 50 day moving average of $3.60 and a 200 day moving average of $3.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.60. Microvast has a 52 week low of $1.09 and a 52 week high of $7.12. The firm has a market capitalization of $1.17 billion, a PE ratio of -6.58 and a beta of 3.37.

Microvast (NASDAQ:MVST - Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Microvast had a negative net margin of 28.81% and a positive return on equity of 11.34%. The firm had revenue of $123.29 million during the quarter, compared to analysts' expectations of $120.02 million. Equities analysts forecast that Microvast will post -0.3 earnings per share for the current year.

About Microvast

Microvast Holdings, Inc, traded on NASDAQ under the symbol MVST, is a global provider of advanced lithium-ion battery solutions for transportation and stationary energy storage applications. The company designs, develops and manufactures a range of battery cells, modules and packs tailored to electric buses, commercial vehicles, passenger cars and grid storage systems. Its technology emphasizes fast charging, long cycle life and high energy density to meet stringent performance requirements in demanding operating environments.

Founded in 2006, Microvast has established a vertically integrated platform that spans research and development, pilot production and full-scale manufacturing.

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