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

Microvast Holdings, Inc. (NASDAQ:MVST) was the target of unusually large options trading activity on Tuesday. Stock investors bought 6,015 call options on the company. This represents an increase of 89% compared to the average daily volume of 3,182 call options.

Microvast Price Performance

NASDAQ MVST traded down $0.61 on Tuesday, reaching $1.42. The company’s stock had a trading volume of 16,972,704 shares, compared to its average volume of 4,133,984. Microvast has a twelve month low of $1.26 and a twelve month high of $7.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.74 and a current ratio of 0.92. The stock has a market cap of $469.82 million, a PE ratio of -6.15 and a beta of 3.60. The firm’s 50 day moving average is $1.84 and its two-hundred day moving average is $2.82.

Microvast (NASDAQ:MVST) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.09). Microvast had a negative net margin of 6.83% and a positive return on equity of 2.51%. The business had revenue of $60.61 million during the quarter, compared to analyst estimates of $99.02 million. As a group, sell-side analysts predict that Microvast will post 0.03 EPS for the current year.

Institutional Trading of Microvast

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of Microvast by 13.3% in the third quarter. SG Americas Securities LLC now owns 34,563 shares of the company’s stock worth $133,000 after purchasing an additional 4,060 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Microvast by 11.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 54,060 shares of the company’s stock worth $79,000 after purchasing an additional 5,547 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Microvast by 73.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,644 shares of the company’s stock worth $41,000 after purchasing an additional 6,219 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Microvast by 18.2% during the fourth quarter. AQR Capital Management LLC now owns 57,110 shares of the company’s stock worth $160,000 after purchasing an additional 8,800 shares during the period. Finally, NewEdge Advisors LLC acquired a new stake in shares of Microvast during the third quarter worth approximately $38,000. 20.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MVST shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Microvast in a report on Friday, March 27th. Zacks Research lowered shares of Microvast from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 19th. Finally, Wall Street Zen lowered shares of Microvast from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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.