MicroVision (NASDAQ:MVIS - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at D. Boral Capital in a report issued on Tuesday,Benzinga reports. They presently have a $3.00 target price on the electronics maker's stock. D. Boral Capital's price objective would indicate a potential upside of 147.93% from the company's previous close.
Other research analysts also recently issued research reports about the company. StockNews.com upgraded MicroVision to a "sell" rating in a report on Monday, March 10th. Westpark Capital reaffirmed a "buy" rating and issued a $2.00 price target on shares of MicroVision in a research note on Tuesday.
Read Our Latest Analysis on MicroVision
MicroVision Trading Down 6.9 %
Shares of MVIS traded down $0.09 during trading hours on Tuesday, reaching $1.21. 4,806,560 shares of the company's stock traded hands, compared to its average volume of 3,815,048. MicroVision has a 12 month low of $0.80 and a 12 month high of $1.95. The stock has a market cap of $265.01 million, a PE ratio of -2.95 and a beta of 2.63. The firm's 50 day simple moving average is $1.41 and its 200-day simple moving average is $1.21.
MicroVision (NASDAQ:MVIS - Get Free Report) last released its earnings results on Wednesday, March 26th. The electronics maker reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.04). MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%. The firm had revenue of $1.65 million during the quarter, compared to the consensus estimate of $3.25 million.
Hedge Funds Weigh In On MicroVision
A number of institutional investors and hedge funds have recently made changes to their positions in MVIS. Caitlin John LLC bought a new stake in MicroVision in the fourth quarter worth $26,000. Cibc World Markets Corp bought a new position in MicroVision in the 4th quarter worth about $26,000. Tower Research Capital LLC TRC grew its position in MicroVision by 226.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 22,852 shares of the electronics maker's stock valued at $30,000 after purchasing an additional 15,861 shares during the last quarter. Warwick Investment Management Inc. bought a new stake in MicroVision during the 4th quarter valued at about $37,000. Finally, Synergy Asset Management LLC raised its holdings in MicroVision by 140.4% in the fourth quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker's stock worth $38,000 after buying an additional 17,669 shares during the last quarter. Institutional investors own 30.90% of the company's stock.
About MicroVision
(
Get Free Report)
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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