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

Microvast Holdings, Inc. (NASDAQ:MVST) was the recipient of some unusual options trading on Monday. Investors purchased 12,681 call options on the company. This is an increase of 113% compared to the average daily volume of 5,956 call options.

Hedge Funds Weigh In On Microvast

Large investors have recently modified their holdings of the business. Amalgamated Bank purchased a new position in shares of Microvast during the 2nd quarter worth approximately $25,000. Calamos Advisors LLC purchased a new position in Microvast in the 2nd quarter valued at approximately $38,000. Tidal Investments LLC purchased a new position in Microvast in the 2nd quarter valued at approximately $41,000. Baader Bank Aktiengesellschaft purchased a new position in Microvast in the 1st quarter valued at approximately $44,000. Finally, FNY Investment Advisers LLC acquired a new stake in Microvast during the 1st quarter valued at $45,000. 20.72% of the stock is owned by hedge funds and other institutional investors.

Microvast Stock Performance

Shares of MVST stock opened at $5.24 on Tuesday. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -10.27 and a beta of 3.22. The stock has a 50 day simple moving average of $3.30 and a 200-day simple moving average of $3.10. Microvast has a 12-month low of $0.15 and a 12-month high of $5.40. The company has a current ratio of 0.83, a quick ratio of 0.56 and a debt-to-equity ratio of 0.21.

Microvast (NASDAQ:MVST) last issued its earnings results on Monday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $91.34 million during the quarter, compared to the consensus estimate of $106.79 million. Microvast had a positive return on equity of 10.32% and a negative net margin of 26.82%. Microvast has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Microvast will post -0.3 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on MVST shares. Zacks Research raised Microvast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Microvast in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3.00.

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.