Microvast Sees Unusually Large Options Volume (NASDAQ:MVST)

Microvast Holdings, Inc. (NASDAQ:MVST) saw unusually large options trading activity on Tuesday. Stock investors bought 11,483 call options on the stock. This is an increase of 52% compared to the average volume of 7,546 call options.

Microvast Trading Up 14.2 %

Shares of MVST opened at $1.77 on Thursday. The stock has a market capitalization of $573.29 million, a P/E ratio of -4.66 and a beta of 2.20. Microvast has a twelve month low of $0.15 and a twelve month high of $2.87. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $1.64 and a two-hundred day simple moving average of $1.18.

Microvast (NASDAQ:MVST) last posted its earnings results on Monday, April 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $113.39 million for the quarter, compared to analysts’ expectations of $92.50 million. Microvast had a negative return on equity of 22.10% and a negative net margin of 30.88%. During the same period last year, the firm earned ($0.04) earnings per share. On average, research analysts anticipate that Microvast will post -0.3 EPS for the current year.

Institutional Trading of Microvast

Large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Microvast in the 4th quarter worth about $32,000. Charles Schwab Investment Management Inc. bought a new stake in Microvast during the 4th quarter valued at approximately $229,000. Wealthfront Advisers LLC purchased a new position in shares of Microvast during the 4th quarter worth approximately $135,000. IMG Wealth Management Inc. bought a new position in shares of Microvast in the 4th quarter worth approximately $38,000. Finally, Bank of America Corp DE lifted its stake in shares of Microvast by 193.9% in the 4th quarter. Bank of America Corp DE now owns 112,754 shares of the company’s stock valued at $233,000 after purchasing an additional 74,393 shares during the period. Institutional investors own 20.72% of the company’s stock.

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.