Microvast Sees Unusually Large Options Volume (NASDAQ:MVST)

Microvast Holdings, Inc. (NASDAQ:MVST) was the target of 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 average volume of 7,546 call options.

Hedge Funds Weigh In On Microvast

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

Microvast Stock Up 32.9 %

Microvast stock traded up $0.39 during trading on Tuesday, reaching $1.56. 39,498,923 shares of the company’s stock were exchanged, compared to its average volume of 8,282,314. Microvast has a 52-week low of $0.15 and a 52-week high of $2.87. The firm has a market cap of $503.65 million, a price-to-earnings ratio of -4.09 and a beta of 2.20. 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 company’s 50-day moving average is $1.65 and its two-hundred day moving average is $1.17.

Microvast (NASDAQ:MVST) last issued its earnings results on Monday, April 7th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $113.39 million during the quarter, compared to the consensus estimate of $92.50 million. Microvast had a negative return on equity of 22.10% and a negative net margin of 30.88%. During the same quarter in the prior year, the business earned ($0.04) earnings per share. On average, analysts predict that Microvast will post -0.3 earnings per share 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.