Microvast’s (MVST) Buy Rating Reaffirmed at HC Wainwright

Posted by Teresa Graham on Nov 19th, 2024

HC Wainwright reaffirmed their buy rating on shares of Microvast (NASDAQ:MVST – Free Report) in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a $3.00 price objective on the stock.

Microvast Price Performance

Shares of MVST stock opened at $0.62 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.30. The company’s 50-day simple moving average is $0.27 and its two-hundred day simple moving average is $0.34. Microvast has a one year low of $0.15 and a one year high of $1.55.

Institutional Investors Weigh In On Microvast

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new stake in Microvast during the second quarter valued at approximately $80,000. Vanguard Group Inc. lifted its position in Microvast by 1.7% during the first quarter. Vanguard Group Inc. now owns 9,690,219 shares of the company’s stock valued at $8,111,000 after acquiring an additional 164,702 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Microvast during the first quarter valued at approximately $195,000. Price T Rowe Associates Inc. MD lifted its position in Microvast by 67.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 265,317 shares of the company’s stock valued at $223,000 after acquiring an additional 107,116 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in Microvast by 38.9% during the first quarter. Tidal Investments LLC now owns 526,931 shares of the company’s stock valued at $441,000 after acquiring an additional 147,538 shares during the last quarter. Hedge funds and other institutional investors own 20.72% of the company’s stock.

Microvast Company Profile

(Get Free Report)

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.