MicroVision (NASDAQ:MVIS - Get Free Report) issued its quarterly earnings results on Wednesday. The electronics maker reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.04), Zacks reports. The firm had revenue of $1.65 million for the quarter, compared to analyst estimates of $3.25 million. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%.
MicroVision Trading Down 6.9 %
MicroVision stock traded down $0.09 during mid-day trading on Friday, hitting $1.21. The company had a trading volume of 4,806,560 shares, compared to its average volume of 3,815,048. The company has a market capitalization of $265.01 million, a price-to-earnings ratio of -2.95 and a beta of 2.63. The company's fifty day moving average is $1.41 and its 200-day moving average is $1.21. MicroVision has a 12-month low of $0.80 and a 12-month high of $1.95.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on MVIS. Westpark Capital restated a "buy" rating and issued a $2.00 price objective on shares of MicroVision in a research note on Tuesday, March 25th. StockNews.com upgraded shares of MicroVision to a "sell" rating in a research note on Monday, March 10th. Finally, D. Boral Capital reaffirmed a "buy" rating and issued a $3.00 price objective on shares of MicroVision in a report on Tuesday, March 25th.
Get Our Latest Analysis on MicroVision
About MicroVision
(
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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.
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