MicroVision, Inc. (NASDAQ:MVIS) was up 2.3% on Tuesday . The stock traded as high as $1.34 and last traded at $1.33. Approximately 535,372 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 602,645 shares. The stock had previously closed at $1.30.
Several equities research analysts have weighed in on MVIS shares. Zacks Investment Research cut shares of MicroVision from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. HC Wainwright restated a “buy” rating and issued a $3.50 price objective on shares of MicroVision in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $2.93.
The stock has a market cap of $92.76, a price-to-earnings ratio of -4.05 and a beta of -0.14.
MicroVision (NASDAQ:MVIS) last issued its quarterly earnings results on Thursday, February 22nd. The electronics maker reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). MicroVision had a negative return on equity of 416.19% and a negative net margin of 222.60%. The business had revenue of $2.56 million for the quarter, compared to analyst estimates of $2.52 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. The firm’s quarterly revenue was down 12.0% compared to the same quarter last year. analysts predict that MicroVision, Inc. will post -0.32 earnings per share for the current year.
Several large investors have recently modified their holdings of MVIS. SG Americas Securities LLC acquired a new stake in shares of MicroVision during the 4th quarter worth approximately $187,000. California State Teachers Retirement System acquired a new stake in shares of MicroVision during the 2nd quarter worth approximately $256,000. Deutsche Bank AG grew its position in shares of MicroVision by 151.9% during the 4th quarter. Deutsche Bank AG now owns 173,821 shares of the electronics maker’s stock worth $282,000 after buying an additional 104,816 shares during the period. State Street Corp grew its position in shares of MicroVision by 2,126.7% during the 2nd quarter. State Street Corp now owns 857,452 shares of the electronics maker’s stock worth $1,816,000 after buying an additional 818,945 shares during the period. Finally, BlackRock Inc. grew its position in shares of MicroVision by 1.6% during the 4th quarter. BlackRock Inc. now owns 4,706,522 shares of the electronics maker’s stock worth $7,672,000 after buying an additional 74,500 shares during the period. Institutional investors own 30.18% of the company’s stock.
MicroVision Company Profile
MicroVision, Inc develops PicoP scanning technology that provides high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States. Its PicoP scanning technology comprises micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.
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