Microvast (NASDAQ:MVST) Rating Lowered to Buy at Wall Street Zen

Microvast (NASDAQ:MVST) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Microvast in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Microvast presently has an average rating of “Hold” and a consensus price target of $3.00.

Microvast Price Performance

MVST stock opened at $2.21 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.60 and a current ratio of 0.84. The company’s fifty day moving average price is $2.70 and its 200-day moving average price is $3.45. Microvast has a one year low of $1.09 and a one year high of $7.12. The company has a market capitalization of $725.28 million, a PE ratio of -4.09 and a beta of 3.39.

Insider Activity

In other news, Director Yixin Pan sold 12,596 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $2.76, for a total transaction of $34,764.96. Following the transaction, the director owned 130,739 shares of the company’s stock, valued at approximately $360,839.64. This represents a 8.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 44.80% of the company’s stock.

Institutional Trading of Microvast

Institutional investors have recently made changes to their positions in the business. Amalgamated Bank purchased a new stake in Microvast in the second quarter valued at approximately $25,000. Panagora Asset Management Inc. acquired a new stake in shares of Microvast in the fourth quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. purchased a new position in Microvast in the 3rd quarter worth approximately $32,000. Steward Partners Investment Advisory LLC lifted its position in Microvast by 727.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,796 shares of the company’s stock worth $36,000 after buying an additional 11,250 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in Microvast in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 20.72% of the company’s stock.

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.