Microvision (NASDAQ:MVIS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Microvision (NASDAQ:MVIS) to a sell rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Microvision in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.50.

Microvision Stock Performance

Shares of NASDAQ MVIS opened at $3.72 on Friday. The stock has a 50 day moving average price of $4.92 and a 200 day moving average price of $8.39. The firm has a market capitalization of $82.29 million, a price-to-earnings ratio of -0.69 and a beta of 1.27. Microvision has a 52-week low of $3.11 and a 52-week high of $23.10.

Microvision (NASDAQ:MVIS) last issued its earnings results on Thursday, August 6th. The electronics maker reported ($1.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.75) by ($0.91). The firm had revenue of $1.47 million for the quarter, compared to the consensus estimate of $1.00 million. Microvision had a negative net margin of 3,976.67% and a negative return on equity of 184.40%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in Microvision by 206.1% during the 1st quarter. Bank of America Corp DE now owns 1,396,280 shares of the electronics maker’s stock valued at $895,000 after buying an additional 940,115 shares in the last quarter. Royal Bank of Canada boosted its holdings in Microvision by 97.6% in the first quarter. Royal Bank of Canada now owns 43,368 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 21,423 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Microvision by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 697,357 shares of the electronics maker’s stock worth $447,000 after acquiring an additional 20,032 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Microvision by 91.8% during the first quarter. Private Advisor Group LLC now owns 110,758 shares of the electronics maker’s stock worth $71,000 after acquiring an additional 53,000 shares during the last quarter. Finally, Numerai GP LLC acquired a new position in shares of Microvision during the fourth quarter valued at about $56,000. 30.90% of the stock is currently owned by hedge funds and other institutional investors.

Microvision Company Profile

MicroVision, Inc (NASDAQ: MVIS) is a technology company specializing in laser scanning and sensing solutions. Founded in 1993 and headquartered in Redmond, Washington, MicroVision develops its proprietary PicoP® scanning technology, which integrates miniature lasers and microelectromechanical systems (MEMS) mirrors to create high-resolution projection displays and three-dimensional sensing systems. Over the years, the company has built a portfolio of patents and intellectual property focused on precision optics and laser-based signal processing.

At the core of MicroVision’s offerings is its display platform, which enables compact, energy-efficient projection for augmented reality (AR) headsets, head-up displays (HUDs) in automotive environments, and consumer electronics applications such as pico projectors.