MicroVision Target of Unusually Large Options Trading (NASDAQ:MVIS)

MicroVision, Inc. (NASDAQ:MVIS - Get Free Report) was the recipient of some unusual options trading on Monday. Stock traders bought 21,753 call options on the stock. This represents an increase of approximately 248% compared to the average daily volume of 6,246 call options.

MicroVision Stock Performance

Shares of MicroVision stock traded up $0.03 on Friday, hitting $1.51. The company had a trading volume of 4,131,200 shares, compared to its average volume of 6,552,830. The stock has a market capitalization of $330.72 million, a price-to-earnings ratio of -3.68 and a beta of 2.87. MicroVision has a 1 year low of $0.80 and a 1 year high of $2.70. The stock has a 50 day moving average of $1.24 and a 200-day moving average of $1.11.

MicroVision (NASDAQ:MVIS - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The electronics maker reported ($0.07) earnings per share for the quarter. The company had revenue of $0.19 million for the quarter. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%. During the same quarter in the previous year, the business posted ($0.12) EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MVIS shares. StockNews.com upgraded MicroVision to a "sell" rating in a report on Friday, December 20th. Westpark Capital raised their price objective on shares of MicroVision from $1.30 to $2.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd.

Institutional Trading of MicroVision

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitlin John LLC bought a new stake in MicroVision in the 4th quarter worth about $26,000. Sei Investments Co. purchased a new position in shares of MicroVision in the 2nd quarter worth approximately $27,000. Aaron Wealth Advisors LLC bought a new position in shares of MicroVision in the third quarter valued at approximately $31,000. Warwick Investment Management Inc. purchased a new stake in shares of MicroVision during the fourth quarter valued at approximately $37,000. Finally, Synergy Asset Management LLC lifted its holdings in MicroVision by 140.4% during the fourth quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker's stock worth $38,000 after acquiring an additional 17,669 shares during the period. Hedge funds and other institutional investors own 30.90% of the company's stock.

About MicroVision

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.