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

Microvast Holdings, Inc. (NASDAQ:MVST) was the recipient of unusually large options trading on Thursday. Traders purchased 16,346 call options on the stock. This represents an increase of approximately 145% compared to the average volume of 6,669 call options.

Microvast Price Performance

Shares of NASDAQ:MVST traded up $0.43 on Thursday, hitting $3.58. The company’s stock had a trading volume of 5,290,234 shares, compared to its average volume of 4,019,690. The company has a market capitalization of $1.17 billion, a PE ratio of -6.58 and a beta of 3.37. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.60. The company has a 50-day simple moving average of $3.60 and a 200 day simple moving average of $3.62. Microvast has a 1 year low of $1.09 and a 1 year high of $7.12.

Microvast (NASDAQ:MVST) last issued 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). The business had revenue of $123.29 million for the quarter, compared to analysts’ expectations of $120.02 million. Microvast had a positive return on equity of 11.34% and a negative net margin of 28.81%. Sell-side analysts forecast that Microvast will post -0.3 EPS for the current fiscal year.

Institutional Trading of Microvast

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wall Street Zen lowered Microvast from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 21st. Zacks Research lowered Microvast from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Microvast in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $3.00.

Microvast Company Profile

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.