MicroVision (NASDAQ:MVIS) Stock Price Expected to Rise, Westpark Capital Analyst Says

MicroVision (NASDAQ:MVIS - Get Free Report) had its target price upped by equities research analysts at Westpark Capital from $1.30 to $2.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the electronics maker's stock. Westpark Capital's price target indicates a potential upside of 25.79% from the stock's previous close.

Separately, StockNews.com raised MicroVision to a "sell" rating in a research report on Friday, December 20th.

MicroVision Trading Down 1.2 %

Shares of MicroVision stock traded down $0.02 during trading on Wednesday, reaching $1.59. The stock had a trading volume of 5,871,764 shares, compared to its average volume of 7,171,933. The company has a market capitalization of $348.24 million, a price-to-earnings ratio of -3.88 and a beta of 2.87. The stock has a fifty day moving average price of $1.09 and a two-hundred day moving average price of $1.07. MicroVision has a 52 week low of $0.80 and a 52 week high of $2.70.

MicroVision (NASDAQ:MVIS - Get Free Report) last released its earnings results on Thursday, November 7th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $0.19 million for the quarter. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%. During the same quarter in the previous year, the firm earned ($0.12) EPS. On average, equities analysts forecast that MicroVision will post -0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Bard Financial Services Inc. acquired a new stake in MicroVision during the 4th quarter worth about $166,000. Virtu Financial LLC acquired a new position in MicroVision during the 3rd quarter valued at about $72,000. Barclays PLC lifted its position in shares of MicroVision by 302.0% during the 3rd quarter. Barclays PLC now owns 282,690 shares of the electronics maker's stock worth $322,000 after buying an additional 212,365 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of MicroVision by 7.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 304,964 shares of the electronics maker's stock worth $348,000 after buying an additional 20,113 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of MicroVision by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker's stock worth $5,700,000 after buying an additional 363,292 shares in the last quarter. 30.90% of the stock is owned by institutional investors.

MicroVision Company Profile

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.