MicroVision, Inc. (NASDAQ:MVIS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.16 and traded as high as $1.31. MicroVision shares last traded at $1.17, with a volume of 5,162,840 shares traded.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. D. Boral Capital started coverage on shares of MicroVision in a research report on Monday, February 10th. They issued a "buy" rating and a $3.00 price target on the stock. Westpark Capital boosted 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. Finally, StockNews.com upgraded MicroVision to a "sell" rating in a research report on Friday, December 20th.
View Our Latest Research Report on MicroVision
MicroVision Stock Performance
The stock has a market cap of $225.59 million, a price-to-earnings ratio of -2.51 and a beta of 2.63. The firm's 50-day simple moving average is $1.42 and its two-hundred day simple moving average is $1.17.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of MVIS. Hudson Bay Capital Management LP bought a new position in MicroVision in the 4th quarter valued at $2,116,000. Renaissance Technologies LLC bought a new position in MicroVision in the fourth quarter valued at about $1,769,000. Millennium Management LLC increased its position 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 worth $1,475,000 after purchasing an additional 1,114,936 shares during the period. JPMorgan Chase & Co. raised its holdings in MicroVision by 686.5% during the 4th quarter. JPMorgan Chase & Co. now owns 708,518 shares of the electronics maker's stock worth $928,000 after purchasing an additional 618,429 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in MicroVision by 7.8% during the 3rd 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. 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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