Microvast (NASDAQ:MVST - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at HC Wainwright in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $3.00 price objective on the stock. HC Wainwright's price objective suggests a potential upside of 73.41% from the stock's previous close.
Microvast Stock Up 4.2 %
Shares of MVST stock traded up $0.07 during trading on Tuesday, reaching $1.73. The company's stock had a trading volume of 4,471,528 shares, compared to its average volume of 11,446,612. The stock's 50-day moving average price is $1.63 and its 200 day moving average price is $1.27. The company has a market capitalization of $562.61 million, a price-to-earnings ratio of -4.55 and a beta of 2.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 0.83. Microvast has a 1-year low of $0.15 and a 1-year high of $2.87.
Institutional Investors Weigh In On Microvast
Several hedge funds and other institutional investors have recently made changes to their positions in MVST. BNP Paribas Financial Markets acquired a new stake in shares of Microvast in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Microvast in the fourth quarter valued at approximately $32,000. IMG Wealth Management Inc. acquired a new position in shares of Microvast during the 4th quarter worth $38,000. Prudential Financial Inc. acquired a new position in Microvast during the fourth quarter worth about $55,000. Finally, XTX Topco Ltd grew its holdings in shares of Microvast by 38.4% in the 4th quarter. XTX Topco Ltd now owns 119,066 shares of the company's stock worth $246,000 after acquiring an additional 33,016 shares during the period. Institutional investors and hedge funds 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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