MicroVision (NASDAQ:MVIS - Get Free Report) was upgraded by investment analysts at StockNews.com to a "sell" rating in a report released on Monday.
Several other equities research analysts have also recently weighed in on MVIS. D. Boral Capital assumed coverage on shares of MicroVision in a research note on Monday, February 10th. They issued a "buy" rating and a $3.00 target price for the company. Westpark Capital increased their target price on MicroVision from $1.30 to $2.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd.
Read Our Latest Research Report on MVIS
MicroVision Price Performance
Shares of NASDAQ MVIS traded up $0.15 during trading hours on Monday, hitting $1.28. 6,712,788 shares of the company's stock were exchanged, compared to its average volume of 3,704,533. The company's 50-day moving average price is $1.40 and its 200-day moving average price is $1.17. MicroVision has a 1-year low of $0.80 and a 1-year high of $2.15. The stock has a market capitalization of $280.34 million, a price-to-earnings ratio of -3.12 and a beta of 2.63.
Institutional Trading of MicroVision
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in MicroVision by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 15,900,661 shares of the electronics maker's stock valued at $20,830,000 after buying an additional 297,166 shares during the last quarter. Geode Capital Management LLC boosted its holdings in MicroVision by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 5,106,576 shares of the electronics maker's stock valued at $6,691,000 after acquiring an additional 106,984 shares during the last quarter. State Street Corp increased its position in MicroVision by 0.7% in the third quarter. State Street Corp now owns 5,095,629 shares of the electronics maker's stock worth $5,809,000 after purchasing an additional 37,126 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in MicroVision by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,832,066 shares of the electronics maker's stock worth $2,400,000 after purchasing an additional 134,479 shares during the last quarter. Finally, Northern Trust Corp lifted its position in MicroVision by 5.3% during the 4th quarter. Northern Trust Corp now owns 1,829,877 shares of the electronics maker's stock valued at $2,397,000 after purchasing an additional 91,930 shares during the period. 30.90% of the stock is owned by 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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