D. Boral Capital began coverage on shares of MicroVision (NASDAQ:MVIS - Free Report) in a report issued on Monday morning, Marketbeat.com reports. The firm issued a buy rating and a $3.00 target price on the electronics maker's stock.
Other research analysts also recently issued reports about the company. StockNews.com upgraded MicroVision to a "sell" rating in a report on Friday, December 20th. Westpark Capital raised their price objective on MicroVision from $1.30 to $2.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd.
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MicroVision Trading Down 1.4 %
Shares of NASDAQ MVIS traded down $0.02 during midday trading on Monday, hitting $1.36. The company's stock had a trading volume of 4,424,878 shares, compared to its average volume of 6,341,761. The business's 50 day moving average is $1.29 and its two-hundred day moving average is $1.12. MicroVision has a 12-month low of $0.80 and a 12-month high of $2.70. The firm has a market cap of $297.87 million, a P/E ratio of -3.32 and a beta of 2.87.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in MicroVision by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker's stock valued at $5,700,000 after acquiring an additional 363,292 shares in the last quarter. Barclays PLC boosted its position in MicroVision by 302.0% during the 3rd quarter. Barclays PLC now owns 282,690 shares of the electronics maker's stock valued at $322,000 after acquiring an additional 212,365 shares in the last quarter. State Street Corp boosted its position in MicroVision by 0.7% during the 3rd quarter. State Street Corp now owns 5,095,629 shares of the electronics maker's stock valued at $5,809,000 after acquiring an additional 37,126 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in MicroVision by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker's stock valued at $1,935,000 after acquiring an additional 65,712 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in MicroVision during the 3rd quarter valued at $56,000. 30.90% of the stock is currently owned by hedge funds and other institutional investors.
MicroVision Company Profile
(
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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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