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

Microvast Holdings, Inc. (NASDAQ:MVST) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 5,205 call options on the company. This represents an increase of approximately 54% compared to the typical volume of 3,374 call options.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Microvast

Several institutional investors have recently bought and sold shares of the business. Point72 DIFC Ltd purchased a new stake in shares of Microvast during the 2nd quarter valued at about $28,000. Cubist Systematic Strategies LLC purchased a new stake in Microvast during the second quarter valued at approximately $264,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Microvast in the 2nd quarter valued at approximately $141,000. AQR Capital Management LLC boosted its holdings in shares of Microvast by 569.1% in the 2nd quarter. AQR Capital Management LLC now owns 109,139 shares of the company’s stock worth $50,000 after purchasing an additional 92,828 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Microvast during the 2nd quarter valued at approximately $80,000. Institutional investors own 20.72% of the company’s stock.

Microvast Stock Up 30.4 %

NASDAQ MVST opened at $1.50 on Friday. The stock has a 50 day moving average price of $0.63 and a 200-day moving average price of $0.44. Microvast has a one year low of $0.15 and a one year high of $1.95. The company has a market capitalization of $485.72 million, a P/E ratio of -3.95 and a beta of 2.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.30.

About Microvast

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.