Shares of MicroVision, Inc. (NASDAQ:MVIS - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.12 and traded as high as $1.43. MicroVision shares last traded at $1.34, with a volume of 3,201,736 shares traded.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on MVIS shares. Westpark Capital boosted their price target on MicroVision from $1.30 to $2.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of MicroVision to a "sell" rating in a research report on Friday, December 20th. Finally, D. Boral Capital assumed coverage on shares of MicroVision in a research report on Monday, February 10th. They set a "buy" rating and a $3.00 price objective for the company.
Get Our Latest Stock Report on MVIS
MicroVision Price Performance
The firm's fifty day moving average price is $1.36 and its 200-day moving average price is $1.13. The company has a market capitalization of $328.53 million, a price-to-earnings ratio of -3.66 and a beta of 2.87.
Institutional Trading of MicroVision
A number of institutional investors and hedge funds have recently bought and sold shares of MVIS. Hudson Bay Capital Management LP acquired a new stake in MicroVision in the fourth quarter valued at $2,116,000. Renaissance Technologies LLC acquired a new stake in MicroVision in the fourth quarter valued at $1,769,000. Millennium Management LLC increased its holdings in MicroVision by 10,387.0% in the fourth quarter. Millennium Management LLC now owns 1,125,670 shares of the electronics maker's stock valued at $1,475,000 after purchasing an additional 1,114,936 shares during the period. JPMorgan Chase & Co. increased its holdings in MicroVision by 686.5% in the fourth quarter. JPMorgan Chase & Co. now owns 708,518 shares of the electronics maker's stock valued at $928,000 after purchasing an additional 618,429 shares during the period. Finally, Geode Capital Management LLC increased its holdings in MicroVision by 7.8% in the third quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker's stock valued at $5,700,000 after purchasing an additional 363,292 shares during the period. 30.90% of the stock is currently owned by institutional investors and hedge funds.
About MicroVision
(
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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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