thcb stock news

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Nothing in this article should be taken as a solicitation to purchase or sell securities. Consider it a great opportunity to buy this potential long-term winner at a more favorable entry point. THCB stock was acquired by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC, Alyeska Investment Group L.P., Alyeska Investment Group L.P., Janney Montgomery Scott LLC, Wells Fargo & Company MN, Virtu Financial LLC, LPL Financial LLC, and Cetera Advisor Networks LLC. THCB Tuscan Holdings Corporation Current Report Filing (8-k) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). View the latest Tuscan Holdings Corp. (THCB) stock price, news, historical charts, analyst ratings and financial information from WSJ. … #1 Stock for the Green Energy Boom The post Now’s the Time to Make a Move on Tuscan Holdings Stock appeared first on InvestorPlace. Tuscan saw a increase in short interest in February. THCB Tuscan News . Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. But, that valuation is based upon this SPAC’s initial offering price of $10 per share. THCB stock is shaping up to be a great long-term opportunity By Matt McCall and the InvestorPlace Research Staff , Editor, MoneyWire Feb 5, 2021, 3:44 pm EST February 5, 2021 $6.85 billion. The verdict? You can opt out at any time. During the last day, the stock moved $1.71 between high and low, or 13.88%. No current financials. ... Tuscan (NASDAQ:THCB) Intraday Stock Chart Monday 8 March 2021 Your Recent History LSE. Talking about R&D, the company has more than 550 patents and patent applications. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. The surge has been followed by some correction, and THCB stock closed at $19.89 on Feb.10. THCB stock will soon be trading as the newly listed MVST stock. However, despite the lack of information, speculators were willing to bid it up on the headlines alone. Establishing a global production presence will help the company to lower costs and achieve greater economies of scale. All rights reserved. THCB | Complete Tuscan Holdings Corp. stock news by MarketWatch. Looking for new stock ideas? THCB Stock: Tuscan Holdings Shares Surge on Microvast SPAC Merger News Tuscan Holdings found a partner in EV battery maker Microvast, sending the SPAC's shares surging. As the business combination was announced, THCB stock surged by 50%. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. S&P 500 3,821.35 (-0.54%) DOW 31,802.44 (+0.97%) QQQ 299.94 (-2.83%) Learn more. The company can be reached via phone at 646 948 7100. Tuscan has a market capitalization of $512.79 million. However, a correction or sell-off may not be the worst thing in the world for those looking to make a long-term bet on the future of electric vehicles. Tuscan Holdings Ord Shs (THCB) stock is trading at $15.09 as of 10:50 AM on Friday, Jan 22, a gain of $0.18, or 1.17% from the previous closing price of $14.91. In addition, it is expecting $4.1 billion in potential additions to the order backlog. Well Positioned to Deliver Strong Numbers In the next five years, it’s likely that Microvast’s revenue growth will accelerate significantly. The company also expects to deliver an EBITDA margin of 20% by FY2025. Does Workhorse Group’s Hail Mary Have a Shot? Tuscan Holdings Corp is a blank check company. (Add your “outperform” vote. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. A Solid Buy Today, and a Screaming Buy on Any Pullback With the newly released data on the Microvast deal, THCB stock looks to be a long-term winner in the making. What if every month, you had a supply of strategies and tactics that actually work in online marketing -- not yesterday or a year ago -- but right NOW. IOF Iofina FX. Find the latest SEC Filings data for Tuscan Holdings Corp. Common Stock (THCB) at Nasdaq.com. According to estimates by Research and Markets, the global commercial EV market is expected to grow at a CAGR of 41.1% between FY2020 and FY2028. On the date of publication, neither Matt McCall nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in the article. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. It is based on a 60-month historical regression of the return on the stock onto the return on the S&P 500. ), Tuscan has received 0 “underperform” votes. Stock quote and company snapshot for TUSCAN HOLDINGS CORP (THCB), including profile, stock chart, recent news and events, analyst opinions, and research reports. Having a technological edge will be a differentiating factor for the company. ... THCB Stock: Tuscan Holdings Shares Surge on Microvast SPAC Merger News. Per the proposed transaction overview, the deal values the combined company at $3 billion. Company Name: Tuscan Holdings Corp, Stock Symbol: THCB, Industry: SPAC/Blank Check Companies, Total Posts: 216, Last Post: 3/8/2021 1:29:09 PM Find the latest news headlines from Tuscan Holdings Corp. Common Stock (THCB) at Nasdaq.com. (Add your “underperform” vote.). Compared to other early-stage names out there, I am highly confident in its prospects. On Feb. 1, Tuscan Holdings announced a business combination agreement with Microvast. It’s also targeting growth opportunities in consumer electronics, as well as in data center energy-storage solutions. These levels are attractive, potentially providing fresh exposure for long-term investors. Granted, as seen from the stock’s price action on the heels of the definitive merger news, Wall Street has started to price in its fantastic prospects. Oshkosh also confirmed that it had agreed to invest $25 million as part of the previously announced $540 million private investment in public equity ("PIPE") entered into in connection with Microvast's previously announced pending merger with Tuscan Holdings Corp. (Nasdaq: THCB) ("Tuscan"), a publicly-traded special purpose acquisition company. Furthermore, in FY2022, the company’s battery production will commence in Clarksville, Tennessee. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. © American Consumer News, LLC dba MarketBeat® 2010-2021. Do this now. Billionaire Investors Now LOVE Medical Cannabis. Following recent reports that a deal was near, Microvast kicked off the week by confirming the speculation. Wall Street analysts have given Tuscan a "N/A" rating, but there may be better short-term opportunities in the market. To top it all off, this vertically integrated battery-manufacturer isn’t limiting itself to just the EV market. Tuscan Holdings Corp NASDAQ Updated Mar 6, 2021 12:59 AM. To see all exchange delays and terms of use please see disclaimer. Sign-up to receive the latest news and ratings for THCB and its competitors with MarketBeat's FREE daily newsletter. UKX FTSE 100 LSE. Tuscan Holdings Corp. does not have significant operations. Tuscan does not have a long track record of dividend growth. Therefore, if the growth outlook for commercial EVs is strong, Microvast stands to benefit. View breaking news headlines for THCB stock from trusted media outlets at MarketBeat. Special purpose acquisition companies (SPACs) have presented investors with attractive investment opportunities. However, keep in mind that, while this sector’s still running hot, we could eventually see an EV stock correction. View which stocks are hot on social media with MarketBeat's trending stocks report. Although it’s paying up to acquire Microvast, based upon its projections, the purchase price looks reasonable. At today’s prices, the implied market value of Tuscan stock, soon to be Microvast stock, is around $6.8 billion. Do Not Sell My Information. The next leg of stock upside is likely once the merger is closed. As the business combination was announced, THCB stock surged by 50%. Tuscan has a P/B Ratio of 100.36. Deducting the $772 million in post-deal cash, and adding in the $171 million in existing debt, the implied enterprise value stands at $6.2 billion. The surge has been followed by some correction, and THCB stock closed at $19.89 on Feb.10. 01-06 investorplace.com - 2 - Tuscan Holdings (NASDAQ:THCB) is a special purpose acquisition company (SPAC). Tickers GOEV IPV NKLA QS. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. The latter has also agreed to invest $25 million in Microvast. Overall, with industry tailwinds, a robust order backlog and capacity expansion, Tuscan Holdings is worth considering for the next three to five years. - Yahoo Finance, Tackle a Huge Addressable Market With Tuscan Holdings Stock - Nasdaq, Tackle a Huge Addressable Market With Tuscan Holdings Stock - InvestorPlace, Tuscan Wine Icon Luce Della Vite Celebrates Its 25th Anniversary Vintage With Their Excellent 2017 - Forbes, Microvast, Governor Lee and Commissioner Rolfe Announce Company to Establish Manufacturing Facility in Clarksville Tennessee - StreetInsider.com, SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of Tuscan Holdings Corp. with Microvast Inc. - Yahoo Finance. Several reasons. Additionally, the cash buffer will help in financing the construction of the manufacturing facility in the U.S. and Europe. Currency in USD, Trade prices are not sourced from all markets. The company announced that it has entered into a definitive agreement to merge with special-purpose acquisition company (SPAC) Tuscan Holdings (NASDAQ: THCB). Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Therefore, Microvast is catering to a big addressable market. If the EBITDA margin target is achieved, Microvast is likely to report strong free cash flows. Find real-time THCB - Tuscan Holdings Corp stock quotes, company profile, news and forecasts from CNN Business. These agreements are likely to boost the backlog and provide credibility to the company’s solutions. Therefore, the company will be well financed for the next 18-24 months. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. All rights reserved. Based on an average daily trading volume, of 4,730,000 shares, the days-to-cover ratio is currently 0.2 days. The stock has traded between $14.86 and $15.30 so far today. As the stock continues to rally above $20 per share, things may look a bit overextended. Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. As the business combination was announced, THCB stock surged by 50%. View real-time stock prices and stock quotes for a full financial overview. With this in mind, today’s seemingly frothy valuation looks a lot more reasonable. Please log in to your account or sign up in order to add this asset to your watchlist. Why? MarketBeat's community ratings are surveys of what our community members think about Tuscan and other stocks. 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II's (NASDAQ:THCA) Shareholder Ownership Skewed Towards Insiders? Concluding Views on Tuscan Holdings Given the outlook for the commercial EV industry, the merger agreement between Tuscan Holdings and Microvast is likely to create value. Recent news which mentions THCB. HOUSTON---- Microvast, Inc., a leading global provider of next-generation battery technologies for commercial and specialty vehicles and Tuscan Holdings Corp. (THCB), a publicly-traded special purpose acquisition company, announced today that they have entered into a definitive merger agreement that will result in Microvast becoming a publicly listed company. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. With the pivot from gas-powered to electric-powered cars set to accelerate over the next nine years, by-and-large, these estimates may not be off the mark. Learn about financial terms, types of investments, trading strategies and more. The surge has been followed by some correction, and THCB stock closed at $19.89 on Feb.10. Find market predictions, THCB financials and market news. View Tuscan's Short Interest. ... Other big news … 14.20 0.54 (3.95%) Upgrade to Real-Time Premarket . Get daily stock ideas top-performing Wall Street analysts. As a matter of fact, Microvast also has R&D partnership with BMW. For the last week, the stock has had a daily average volatility of 11.07%. 72.09% of the stock of Tuscan is held by institutions. Microvast SPAC Merger: 13 Things to Know About Battery Play THCB Stock Sarah Smith 11/25/2020. Compare Top Brokerages Here. View our full suite of financial calendars and market data tables, all for free. Let’s discuss Microvast and the potential growth catalysts in a bit more detail. View real-time stock prices and stock quotes for a full financial overview. As of February 12th, there was short interest totaling 1,160,000 shares, an increase of 174.7% from the January 28th total of 422,300 shares. Why? From a financial perspective, the merger is expected to provide $822 million in gross proceeds to the combined entity. No long-term forecast. THCB Stock: Tuscan Holdings Is Speculative Ahead of Microvast Merger | InvestorPlace. Off to a great start, Microvast has a great future ahead of it. In fact, a big move lower for Tuscan stock could provide an optimal entry point for a long-term position. Find the latest Tuscan Holdings Corp. (THCB) stock quote, history, news and other vital information to help you with your stock trading and investing. The company already has $1.5 billion in contracted revenue through FY2027. Tickers FDX GM OSK THCB. But, while some will beat expectations, others will fail to meet them. Source: Nick Starichenko/InvestorPlace.com But, other than naming its acquisition target, Tuscan provided little else in terms of information. View detailed financial information, real-time news, videos, quotes and analysis on Tuscan Holdings Corp. (NASDAQ:THCB). THCBW | Complete Tuscan Holdings Corp. Wt stock news by MarketWatch. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. Tuscan is headquartered at 135 E. 57th Street 18th Floor, New York NY, 10022. For FY2020, the company reported negative EBITDA. Some companies that are related to Tuscan include Social Capital Hedosophia Holdings Corp. V (IPOE), Social Capital Hedosophia Holdings Corp. VI (IPOF), Fisker (FSR), Porch Group (PRCH), Paya (PAYA), Foley Trasimene Acquisition (WPF), Star Peak Energy Transition (STPK), Jaws Acquisition (JWS), Arko (ARKO), Brooge Energy (BROG), Switchback Energy Acquisition (SBE), CC Neuberger Principal Holdings II (PRPB), Apollo Strategic Growth Capital (APSG), Cohn Robbins (CRHC) and GS Acquisition Holdings Corp II (GSAH). You may vote once every thirty days. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of Tuscan Holdings Corp. with Microvast Inc. Microvast, Governor Lee and Commissioner Rolfe Announce Company to Establish Manufacturing Facility in Clarksville Tennessee - Business Wire, SHAREHOLDER ALERT: Rigrodsky Law, P.A. QPP Quindell FTSE. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Approximately 4.1% of the shares of the stock are sold short. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. Based upon the terms of the deal, along with the company’s projected growth through the 2020s, this is shaping up to be a great play on the future of EVs. From $101 million in revenue for FY2020, Microvast has guided for revenue of $2.3 billion in FY2025 and $6.8 billion for FY2030. Vote “Outperform” if you believe THCB will outperform the S&P 500 over the long term. Workhorse Group (WKHS) estimates that the annual addressable market for last-mile electric delivery vehicles in the United States is $18 billion. THCB, Tuscan Holdings Corp - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines Tuscan Holdings Corp Stock Quote: THCB Stock News, Quotes, Analysis | Investors.com Tuscan's stock is owned by many different institutional and retail investors. What's going on at Tuscan (NASDAQ:THCB)? In the past three months, Tuscan insiders have not sold or bought any company stock. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Only 20.80% of the stock of Tuscan is held by insiders. MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools. Nor is … February 01, 2021. Latest News about THCB. A high-level overview of Tuscan Holdings Corp. (THCB) stock. For starters, it’s locked down $1.5 billion in contracted revenue between now and 2027. GKP Gulf Keyst.. LSE. Bottom line: A solid buy at today’s prices, and a screaming buy on any pullback, THCB stock is a great opportunity ahead of its pending merger. To some, that may look like a rich multiple. Bloomberg reports that January 2020 was a record month for SPAC listings. On Feb. 5, Microvast also announced a joint development agreement with Oshkosh Corporation (OSK). But, factor in its tremendous growth potential. THCB Stock Risk This stock may move very much during a day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". Business Wire - 1 month ago Vote “Underperform” if you believe THCB will underperform the S&P 500 over the long term. This press release … Post-Market 0.34 (2.49%) On Dec. 28, it hit a record-high of $20.93. The company was founded in 2018 and is based in New York, New York. View all of THCB's competitors. Reminds Investors of Investigations of CBLI, NEBC, THCB, and FTOC Mergers - Yahoo Finance, SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Tuscan Holdings Corp. - THCB - PRNewswire, SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Tuscan Holdings Corp. - THCB, Tuscan Holdings Is Gaining Traction, But Where Is Microvast Coming From? Tuscan's mailing address is 135 E. 57th Street 18th Floor, New York NY, 10022. There is not enough analysis data for Tuscan. By 2025, Microvast’s annual sales could reach $2.34 billion. With medical cannabis sales expected to triple by 2026, investors still have massive opportunities if they find the right companies early. It’s worth noting that in FY2021, the company expects to begin battery production in Germany. Well, now you can. 60-Month Beta: Coefficient that measures the volatility of a stock's returns relative to the market (S&P 500). Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. However, for the current year, the company is likely to turn profitable at the operating level, reflecting another stock upside trigger. Given the growth outlook for commercial EVs, the estimates appear realistic. Receive a free world-class investing education from MarketBeat. Want to see which stocks are moving? View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Discover new investment ideas by accessing unbiased, in-depth investment research, NasdaqGS - NasdaqGS Real Time Price. In addition, it’s already entered partnership deals with some of the largest automotive names in the U.S., Europe and China. The company is positioned for annual top-line growth of 40% to 50% over the next decade, even if its growth is largely in-line with the commercial EV growth outlook. And, if shares pull back from here? 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Tuscan trades on the NASDAQ under the ticker symbol "THCB.". View live TUSCAN HOLDINGS CORP chart to track its stock's price action. The latter is a provider of battery technology for commercial and speciality electric vehicles. Current Success Points to a Bright Future Pretty much every early-stage EV and EV-related company has come out with ambitious sales projections for between now and 2030. MarketBeat just released five new trading ideas, but Tuscan wasn't one of them. See what's happening in the market right now with MarketBeat's real-time news feed. March 04, 2021. - Nasdaq, Tuscan Holdings Has Loads of Potential, But It’s No Slam Dunk - Nasdaq, Inside The New Tuscan Sustainable Villa Portfolio - Forbes, Social Capital Hedosophia Holdings Corp. V (IPOE), Social Capital Hedosophia Holdings Corp. VI (IPOF), CC Neuberger Principal Holdings II (PRPB), Receive Analysts' Upgrades and Downgrades Daily. Shares of THCB can be purchased through any online brokerage account. Identify stocks that meet your criteria using seven unique stock screeners. Price/Sales: Latest closing price divided by the last 12 months of revenue/sales per share. THCB Stock: Details on the Tuscan/Microvast Tie-Up Now that we have the numbers for this pending transaction, I’ve gone from being on the fence to bullish on THCB stock. As a part of this agreement, Microvast will be developing tailored battery solutions for Oshkosh electrification projects. Fundamental company data provided by Zacks Investment Research. Investors who jumped on cannabis stock train have made major profits over the last 3 years. Between the announcement and late January, shares soared from around $10 per share up to around $16 per share.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Yet now, as it’s signed a definitive merger agreement, we have more information on this pending acquistion.

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