Traders Buy Large Volume of Microvast Call Options (NASDAQ:MVST)

Microvast Holdings, Inc. (NASDAQ:MVST) was the target of some unusual options trading on Tuesday. Stock investors purchased 6,015 call options on the stock. This represents an increase of 89% compared to the typical volume of 3,182 call options.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MVST. Panagora Asset Management Inc. acquired a new position in shares of Microvast during the fourth quarter worth $30,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Microvast during the third quarter worth $32,000. Steward Partners Investment Advisory LLC increased its holdings in shares of 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. Cibc World Markets Corp acquired a new position in shares of Microvast during the fourth quarter worth $37,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Microvast during the third quarter worth $38,000. 20.72% of the stock is currently owned by institutional investors and hedge funds.

Microvast Stock Up 7.8%

NASDAQ MVST opened at $1.52 on Thursday. The business has a fifty day moving average price of $1.81 and a two-hundred day moving average price of $2.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.74. Microvast has a fifty-two week low of $1.26 and a fifty-two week high of $7.12. The stock has a market capitalization of $506.40 million, a PE ratio of -4.75 and a beta of 3.60.

Microvast (NASDAQ:MVST) last released its earnings results on Monday, May 11th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.09). The business had revenue of $60.61 million for the quarter, compared to the consensus estimate of $99.02 million. Microvast had a negative return on equity of 6.12% and a negative net margin of 11.52%. Equities analysts expect that Microvast will post 0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MVST shares. Zacks Research cut Microvast from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 19th. Wall Street Zen cut Microvast from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Microvast in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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.