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

Microvast Holdings, Inc. (NASDAQ:MVST) was the recipient of unusually large options trading activity on Tuesday. Traders bought 11,483 call options on the stock. This represents an increase of approximately 52% compared to the average daily volume of 7,546 call options.

Institutional Trading of Microvast

A number of hedge funds and other institutional investors have recently modified their holdings of MVST. SBI Securities Co. Ltd. acquired a new position in Microvast during the fourth quarter worth about $32,000. Wealthfront Advisers LLC bought a new position in shares of Microvast during the 4th quarter valued at about $135,000. IMG Wealth Management Inc. acquired a new position in shares of Microvast in the 4th quarter worth approximately $38,000. Bank of America Corp DE raised its holdings 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 worth $233,000 after purchasing an additional 74,393 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Microvast during the fourth quarter valued at approximately $25,000. Institutional investors own 20.72% of the company’s stock.

Microvast Stock Performance

Microvast stock traded up $0.39 during mid-day trading on Tuesday, hitting $1.56. 39,498,923 shares of the company’s stock traded hands, compared to its average volume of 8,282,314. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.24. Microvast has a one year low of $0.15 and a one year high of $2.87. The firm has a 50 day moving average price of $1.65 and a 200 day moving average price of $1.17. The company has a market cap of $503.65 million, a PE ratio of -4.09 and a beta of 2.20.

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

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.