Microvast (NASDAQ:MVST) Shares Gap Up – Here’s What Happened

Posted by Tech Dows on Feb 15th, 2025

Microvast Holdings, Inc. (NASDAQ:MVST – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $1.98, but opened at $2.10. Microvast shares last traded at $1.98, with a volume of 2,416,574 shares traded.

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on Microvast

Microvast Stock Performance

The firm’s 50-day moving average is $1.85 and its two-hundred day moving average is $0.89. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24.

Hedge Funds Weigh In On Microvast

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MVST. AQR Capital Management LLC raised its position 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 acquiring an additional 92,828 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Microvast during the fourth quarter valued at approximately $32,000. Charles Schwab Investment Management Inc. bought a new position in Microvast during the fourth quarter valued at approximately $229,000. Wealthfront Advisers LLC bought a new position in shares of Microvast in the fourth quarter valued at approximately $135,000. Finally, IMG Wealth Management Inc. bought a new position in shares of Microvast in the fourth quarter valued at approximately $38,000. 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.