Investors Purchase High Volume of Microvast Call Options (NASDAQ:MVST)

Microvast Holdings, Inc. (NASDAQ:MVST) was the target of some unusual options trading on Monday. Stock investors acquired 3,425 call options on the company. This represents an increase of approximately 69% compared to the average volume of 2,028 call options.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of Microvast in a research report on Monday, November 18th.

Institutional Investors Weigh In On Microvast

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Microvast by 1.7% during the first quarter. Vanguard Group Inc. now owns 9,690,219 shares of the company’s stock valued at $8,111,000 after acquiring an additional 164,702 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Microvast by 67.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 265,317 shares of the company’s stock valued at $223,000 after purchasing an additional 107,116 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Microvast in the first quarter worth $195,000. Tidal Investments LLC increased its position in Microvast by 38.9% during the first quarter. Tidal Investments LLC now owns 526,931 shares of the company’s stock worth $441,000 after buying an additional 147,538 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Microvast during the second quarter valued at about $90,000. 20.72% of the stock is currently owned by institutional investors and hedge funds.

Microvast Price Performance

MVST opened at $1.41 on Wednesday. The stock has a fifty day moving average price of $0.36 and a 200 day moving average price of $0.36. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24. Microvast has a 1 year low of $0.15 and a 1 year high of $1.56. The stock has a market cap of $456.59 million, a price-to-earnings ratio of -3.71 and a beta of 2.54.

Microvast Company Profile

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.