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

Posted by Gary Stephens on Jan 25th, 2025

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

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on Microvast

Microvast Trading Up 9.5 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.30. The stock’s 50-day simple moving average is $1.59 and its two-hundred day simple moving average is $0.75.

Institutional Trading of Microvast

Institutional investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new stake in shares of Microvast in the second quarter worth approximately $28,000. AQR Capital Management LLC grew its position in Microvast by 569.1% in the 2nd quarter. AQR Capital Management LLC now owns 109,139 shares of the company’s stock valued at $50,000 after acquiring an additional 92,828 shares during the last quarter. XTX Topco Ltd purchased a new stake in Microvast in the second quarter worth $80,000. Renaissance Technologies LLC bought a new stake in shares of Microvast during the second quarter worth $90,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Microvast during the second quarter valued at $141,000. Institutional investors own 20.72% of the company’s stock.

Microvast Company Profile

(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.