Microvast (NASDAQ:MVST - Get Free Report)'s stock had its "neutral" rating reissued by Janney Montgomery Scott in a note issued to investors on Tuesday, MarketBeat reports. They currently have a $3.00 target price on the stock, down from their prior target price of $11.00. Janney Montgomery Scott's target price indicates a potential upside of 408.47% from the company's previous close.
Separately, Cantor Fitzgerald restated an "overweight" rating and set a $8.00 price objective on shares of Microvast in a research report on Wednesday, December 13th.
Check Out Our Latest Report on Microvast
Microvast Price Performance
Shares of MVST stock traded down $0.31 on Tuesday, hitting $0.59. 14,089,614 shares of the company's stock were exchanged, compared to its average volume of 4,585,229. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.20 and a quick ratio of 0.82. Microvast has a 12 month low of $0.53 and a 12 month high of $2.91. The stock has a market cap of $186.76 million, a P/E ratio of -1.67 and a beta of 1.47. The company has a 50 day moving average of $0.82 and a 200 day moving average of $1.17.
Hedge Funds Weigh In On Microvast
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd increased its holdings in Microvast by 799.1% in the 4th quarter. Quadrature Capital Ltd now owns 249,091 shares of the company's stock worth $354,000 after purchasing an additional 221,388 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Microvast by 80.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 552,863 shares of the company's stock worth $774,000 after purchasing an additional 246,011 shares in the last quarter. American International Group Inc. increased its holdings in Microvast by 103.7% in the 4th quarter. American International Group Inc. now owns 106,869 shares of the company's stock worth $150,000 after purchasing an additional 54,407 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Microvast by 26.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 158,201 shares of the company's stock worth $222,000 after purchasing an additional 32,625 shares in the last quarter. Finally, Baker Avenue Asset Management LP acquired a new position in Microvast in the 4th quarter worth about $35,000. 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. It delivers cutting-edge battery systems that empower a sustainable future. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2.
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