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

Microvast Holdings, Inc. (NASDAQ:MVST) was the target of unusually large options trading activity on Monday. Stock traders purchased 10,662 call options on the stock. This is an increase of 210% compared to the typical daily volume of 3,442 call options.

Insider Transactions at Microvast

In other Microvast news, Director Yixin Pan sold 12,596 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $2.76, for a total value of $34,764.96. Following the transaction, the director directly owned 130,739 shares of the company’s stock, valued at $360,839.64. This trade represents a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 44.80% of the company’s stock.

Institutional Investors Weigh In On Microvast

A number of hedge funds have recently bought and sold shares of MVST. SG Americas Securities LLC boosted its stake in shares of Microvast by 13.3% during the 3rd quarter. SG Americas Securities LLC now owns 34,563 shares of the company’s stock valued at $133,000 after buying an additional 4,060 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Microvast by 73.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,644 shares of the company’s stock worth $41,000 after buying an additional 6,219 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in Microvast by 11.4% in the second quarter. SBI Securities Co. Ltd. now owns 77,976 shares of the company’s stock valued at $283,000 after acquiring an additional 7,987 shares in the last quarter. AQR Capital Management LLC raised its holdings in Microvast by 18.2% in the fourth quarter. AQR Capital Management LLC now owns 57,110 shares of the company’s stock valued at $160,000 after acquiring an additional 8,800 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in Microvast during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 20.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Microvast in a research note on Monday, December 29th. Wall Street Zen cut Microvast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.00.

Microvast Stock Up 6.5%

Shares of Microvast stock traded up $0.15 during trading hours on Monday, hitting $2.38. 6,330,502 shares of the company’s stock traded hands, compared to its average volume of 3,385,951. Microvast has a twelve month low of $1.09 and a twelve month high of $7.12. The company has a market cap of $779.43 million, a PE ratio of -4.40 and a beta of 3.39. The company has a quick ratio of 0.60, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $2.60 and a 200-day simple moving average of $3.43.

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.