MicroVision (NASDAQ:MVIS) Releases Earnings Results, Misses Expectations By $0.04 EPS

MicroVision (NASDAQ:MVISGet Free Report) announced its quarterly earnings results on Wednesday. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.04), Zacks reports. The business had revenue of $1.65 million for the quarter, compared to analysts’ expectations of $3.25 million. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%.

MicroVision Stock Down 6.5 %

NASDAQ:MVIS opened at $1.30 on Friday. The firm’s fifty day simple moving average is $1.42 and its 200-day simple moving average is $1.20. The stock has a market cap of $284.72 million, a PE ratio of -3.17 and a beta of 2.63. MicroVision has a fifty-two week low of $0.80 and a fifty-two week high of $1.95.

Wall Street Analyst Weigh In

MVIS has been the topic of a number of recent analyst reports. StockNews.com raised shares of MicroVision to a “sell” rating in a research report on Monday, March 10th. D. Boral Capital restated a “buy” rating and issued a $3.00 target price on shares of MicroVision in a research note on Tuesday. Finally, Westpark Capital reiterated a “buy” rating and set a $2.00 price target on shares of MicroVision in a research note on Tuesday.

View Our Latest Stock Report on MVIS

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.

Further Reading

Earnings History for MicroVision (NASDAQ:MVIS)

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