MicroVision (NASDAQ:MVIS – Get 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.
About MicroVision
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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