Shares of MicroVision, Inc. (NASDAQ:MVIS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.09 and traded as high as $1.62. MicroVision shares last traded at $1.49, with a volume of 3,973,974 shares trading hands.
Analyst Ratings Changes
A number of research firms have issued reports on MVIS. Westpark Capital upped their target price on shares of MicroVision from $1.30 to $2.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. StockNews.com upgraded shares of MicroVision to a "sell" rating in a research report on Friday, December 20th.
Read Our Latest Report on MVIS
MicroVision Stock Performance
The firm has a market capitalization of $334.01 million, a price-to-earnings ratio of -3.72 and a beta of 2.87. The business has a fifty day moving average price of $1.17 and a 200 day moving average price of $1.09.
MicroVision (NASDAQ:MVIS - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The electronics maker reported ($0.07) earnings per share for the quarter. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%. The firm had revenue of $0.19 million during the quarter. During the same quarter in the prior year, the company earned ($0.12) earnings per share. On average, analysts expect that MicroVision, Inc. will post -0.49 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Caitlin John LLC purchased a new position in shares of MicroVision in the fourth quarter valued at $26,000. Synergy Asset Management LLC lifted its holdings in MicroVision by 140.4% in the 4th 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 in the last quarter. Bard Financial Services Inc. purchased a new position in MicroVision in the 4th quarter valued at about $166,000. Virtu Financial LLC acquired a new stake in shares of MicroVision during the third quarter valued at about $72,000. Finally, Barclays PLC increased its position in shares of MicroVision by 302.0% during the third quarter. Barclays PLC now owns 282,690 shares of the electronics maker's stock worth $322,000 after acquiring an additional 212,365 shares during the last quarter. 30.90% of the stock is owned by hedge funds and other institutional investors.
MicroVision Company Profile
(
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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