Stock Traders Purchase High Volume of Call Options on Microvast (NASDAQ:MVST)

Microvast Holdings, Inc. (NASDAQ:MVST) was the target of some unusual options trading activity on Monday. Traders bought 10,662 call options on the stock. This is an increase of 210% compared to the average daily volume of 3,442 call options.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MVST shares. Weiss Ratings restated a “sell (d-)” rating on shares of Microvast in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Microvast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $3.00.

Insider Buying and Selling at Microvast

In related news, Director Yixin Pan sold 12,596 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $2.76, for a total value of $34,764.96. Following the sale, the director owned 130,739 shares of the company’s stock, valued at approximately $360,839.64. This trade represents a 8.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 44.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Microvast

Several hedge funds have recently made changes to their positions in MVST. Vanguard Group Inc. lifted its stake in Microvast by 14.6% during the third quarter. Vanguard Group Inc. now owns 12,010,655 shares of the company’s stock valued at $46,241,000 after purchasing an additional 1,533,708 shares during the last quarter. Geode Capital Management LLC grew its position in Microvast by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 4,842,635 shares of the company’s stock worth $13,561,000 after buying an additional 212,228 shares during the last quarter. Millennium Management LLC grew its position in Microvast by 101.6% in the first quarter. Millennium Management LLC now owns 4,646,060 shares of the company’s stock worth $5,436,000 after buying an additional 2,341,637 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Microvast by 31.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,859,317 shares of the company’s stock valued at $10,806,000 after buying an additional 927,013 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Microvast by 680,832.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,118,671 shares of the company’s stock valued at $11,321,000 after acquiring an additional 3,118,213 shares during the last quarter. Institutional investors and hedge funds own 20.72% of the company’s stock.

Microvast Stock Up 3.6%

MVST opened at $2.31 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.60 and a current ratio of 0.84. The company has a market capitalization of $758.10 million, a PE ratio of -4.28 and a beta of 3.39. The stock’s fifty day moving average is $2.58 and its 200-day moving average is $3.43. Microvast has a one year low of $1.09 and a one year high of $7.12.

Microvast (NASDAQ:MVST) last announced its earnings results on Monday, March 16th. The company reported ($0.11) earnings per share for the quarter. Microvast had a negative net margin of 28.81% and a positive return on equity of 11.34%. The firm had revenue of $96.40 million for the quarter. On average, equities analysts predict that Microvast will post -0.3 EPS for the current fiscal year.

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.