Microvast Sees Unusually High Options Volume (NASDAQ:MVST)

Microvast Holdings, Inc. (NASDAQ:MVST) saw some unusual options trading activity on Tuesday. Traders acquired 11,483 call options on the stock. This represents an increase of approximately 52% compared to the typical volume of 7,546 call options.

Hedge Funds Weigh In On Microvast

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in Microvast in the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. bought a new position in shares of Microvast during the 4th quarter valued at $32,000. IMG Wealth Management Inc. purchased a new position in Microvast in the 4th quarter worth $38,000. Prudential Financial Inc. bought a new stake in Microvast in the fourth quarter worth $55,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Microvast during the fourth quarter valued at about $73,000. 20.72% of the stock is currently owned by hedge funds and other institutional investors.

Microvast Price Performance

Shares of NASDAQ:MVST opened at $1.77 on Thursday. The company has a 50-day moving average price of $1.64 and a two-hundred day moving average price of $1.18. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.24. Microvast has a twelve month low of $0.15 and a twelve month high of $2.87. The firm has a market capitalization of $573.29 million, a PE ratio of -4.66 and a beta of 2.20.

Microvast (NASDAQ:MVST) last issued its quarterly earnings data on Monday, April 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Microvast had a negative return on equity of 22.10% and a negative net margin of 30.88%. The company had revenue of $113.39 million for the quarter, compared to the consensus estimate of $92.50 million. During the same quarter last year, the business posted ($0.04) earnings per share. Equities analysts forecast that Microvast will post -0.3 EPS for the current year.

Microvast Company Profile

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.