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

Microvast Holdings, Inc. (NASDAQ:MVST) was the recipient of some unusual options trading activity on Thursday. Traders acquired 16,346 call options on the stock. This represents an increase of approximately 145% compared to the typical volume of 6,669 call options.

Hedge Funds Weigh In On Microvast

Hedge funds have recently modified their holdings of the company. Amalgamated Bank acquired a new stake in shares of Microvast in the second quarter valued at $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in Microvast in the third quarter worth about $32,000. Calamos Advisors LLC acquired a new stake in Microvast in the 2nd quarter valued at about $38,000. NewEdge Advisors LLC bought a new position in shares of Microvast during the 3rd quarter valued at about $38,000. Finally, Tidal Investments LLC bought a new position in shares of Microvast during the 2nd quarter valued at about $41,000. 20.72% of the stock is currently owned by institutional investors and hedge funds.

Microvast Stock Down 0.6%

MVST opened at $3.50 on Friday. Microvast has a 12 month low of $1.09 and a 12 month high of $7.12. The stock’s 50 day moving average price is $3.52 and its 200 day moving average price is $3.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.60. The stock has a market cap of $1.15 billion, a P/E ratio of -6.48 and a beta of 3.37.

Microvast (NASDAQ:MVST) last announced its earnings results on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Microvast had a negative net margin of 28.81% and a positive return on equity of 11.34%. The company had revenue of $123.29 million during the quarter, compared to the consensus estimate of $120.02 million. As a group, research analysts predict that Microvast will post -0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MVST has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Microvast in a research note on Monday, December 29th. Zacks Research cut Microvast from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Wall Street Zen downgraded shares of Microvast from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 21st. 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. Based on data from MarketBeat.com, Microvast has a consensus rating of “Hold” and an average target price of $3.00.

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.