Microvast (NASDAQ:MVST) Trading Down 5% – Here’s Why

Posted by Francis Steltz on Jan 25th, 2025

Microvast Holdings, Inc. (NASDAQ:MVST – Get Free Report)’s stock price was down 5% on Thursday . The stock traded as low as $1.99 and last traded at $1.98. Approximately 893,582 shares were traded during trading, a decline of 94% from the average daily volume of 14,701,788 shares. The stock had previously closed at $2.08.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of Microvast in a research note on Monday, November 18th.

Check Out Our Latest Stock Analysis on MVST

Microvast Price Performance

The business has a 50 day moving average price of $1.59 and a two-hundred day moving average price of $0.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 0.83.

Hedge Funds Weigh In On Microvast

A number of hedge funds and other institutional investors have recently modified their holdings of MVST. Point72 DIFC Ltd purchased a new stake in Microvast in the 2nd quarter worth $28,000. Cubist Systematic Strategies LLC bought a new stake in shares of Microvast in the second quarter worth about $264,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Microvast in the second quarter worth about $141,000. AQR Capital Management LLC boosted its stake in Microvast by 569.1% during the second quarter. AQR Capital Management LLC now owns 109,139 shares of the company’s stock valued at $50,000 after buying an additional 92,828 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Microvast during the 2nd quarter valued at approximately $80,000. Institutional investors own 20.72% of the company’s stock.

About Microvast

(Get Free Report)

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.