MicroVision (NASDAQ:MVIS - Get Free Report) posted its quarterly earnings data on Wednesday. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.04), Zacks reports. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%. The business had revenue of $1.65 million during the quarter, compared to analyst estimates of $3.25 million.
MicroVision Trading Down 6.9 %
Shares of MVIS stock traded down $0.09 during mid-day trading on Friday, reaching $1.21. The stock had a trading volume of 4,806,560 shares, compared to its average volume of 3,815,048. MicroVision has a 1-year low of $0.80 and a 1-year high of $1.95. The firm has a market cap of $265.01 million, a price-to-earnings ratio of -2.95 and a beta of 2.63. The business's fifty day moving average is $1.41 and its 200-day moving average is $1.21.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on MVIS. StockNews.com raised MicroVision to a "sell" rating in a report on Monday, March 10th. D. Boral Capital reiterated a "buy" rating and issued a $3.00 target price on shares of MicroVision in a research note on Tuesday, March 25th. Finally, Westpark Capital reissued a "buy" rating and set a $2.00 target price on shares of MicroVision in a research report on Tuesday, March 25th.
Read Our Latest Analysis on MicroVision
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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