Microvast (NASDAQ:MVST) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Microvast (NASDAQ:MVST) from a buy rating to a strong-buy rating in a research note issued to investors on Monday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Microvast in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $3.00.

Microvast Trading Up 5.0%

Microvast stock opened at $2.33 on Monday. Microvast has a one year low of $1.09 and a one year high of $7.12. The firm has a 50-day moving average of $2.78 and a 200-day moving average of $3.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.60. The company has a market cap of $764.66 million, a price-to-earnings ratio of -4.31 and a beta of 3.36.

Insider Buying and Selling

In other Microvast news, Director Yixin Pan sold 12,596 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $2.76, for a total transaction of $34,764.96. Following the completion of the transaction, the director owned 130,739 shares in the company, valued at approximately $360,839.64. This trade represents a 8.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 44.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Microvast

A number of hedge funds have recently added to or reduced their stakes in MVST. Amalgamated Bank acquired a new position in shares of Microvast during the 2nd quarter valued at $25,000. Panagora Asset Management Inc. acquired a new stake in Microvast in the fourth quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Microvast during the third quarter valued at approximately $32,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Microvast by 727.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,796 shares of the company’s stock valued at $36,000 after buying an additional 11,250 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Microvast in the fourth quarter worth approximately $37,000. 20.72% of the stock is currently owned by institutional investors.

About Microvast

Microvast Holdings, Inc, traded on NASDAQ under the symbol MVST, is a global provider of advanced lithium-ion battery solutions for transportation and stationary energy storage applications. The company designs, develops and manufactures a range of battery cells, modules and packs tailored to electric buses, commercial vehicles, passenger cars and grid storage systems. Its technology emphasizes fast charging, long cycle life and high energy density to meet stringent performance requirements in demanding operating environments.

Founded in 2006, Microvast has established a vertically integrated platform that spans research and development, pilot production and full-scale manufacturing.