MicroVision Target of Unusually High Options Trading (NASDAQ:MVIS)

MicroVision, Inc. (NASDAQ:MVIS - Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock investors acquired 66,418 call options on the company. This is an increase of approximately 858% compared to the typical daily volume of 6,936 call options.

Institutional Investors Weigh In On MicroVision

Hedge funds have recently modified their holdings of the company. Cibc World Markets Corp acquired a new position in MicroVision during the 4th quarter worth about $26,000. Caitlin John LLC acquired a new position in MicroVision during the 4th quarter worth about $26,000. Tower Research Capital LLC TRC lifted its holdings 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 worth $30,000 after buying an additional 15,861 shares during the period. Warwick Investment Management Inc. acquired a new position in MicroVision during the 4th quarter worth about $37,000. Finally, Synergy Asset Management LLC lifted its holdings in MicroVision by 140.4% during 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 during the period. Institutional investors and hedge funds own 30.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Westpark Capital raised their target price on MicroVision from $1.30 to $2.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. D. Boral Capital started coverage on MicroVision in a report on Monday, February 10th. They issued a "buy" rating and a $3.00 target price on the stock. Finally, StockNews.com raised MicroVision to a "sell" rating in a report on Friday, December 20th.

MicroVision Price Performance

Shares of NASDAQ MVIS traded down $0.19 during mid-day trading on Friday, hitting $1.50. 16,513,426 shares of the stock traded hands, compared to its average volume of 8,199,021. MicroVision has a twelve month low of $0.80 and a twelve month high of $2.70. The company has a market cap of $328.53 million, a PE ratio of -3.66 and a beta of 2.87. The firm has a 50 day simple moving average of $1.36 and a two-hundred day simple moving average of $1.13.

MicroVision Company Profile

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.