Microvision (NASDAQ:MVIS) Receives “Buy” Rating from D. Boral Capital

Microvision (NASDAQ:MVIS)‘s stock had its “buy” rating reissued by research analysts at D. Boral Capital in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $3.00 price target on the electronics maker’s stock. D. Boral Capital’s price objective suggests a potential upside of 220.17% from the stock’s current price.

A number of other research firms also recently commented on MVIS. Westpark Capital reaffirmed a “buy” rating and issued a $2.00 target price on shares of Microvision in a research report on Tuesday, October 21st. Wall Street Zen raised Microvision from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Microvision in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2.50.

Microvision Price Performance

NASDAQ MVIS traded down $0.13 during trading hours on Wednesday, hitting $0.94. The company’s stock had a trading volume of 17,620,710 shares, compared to its average volume of 6,168,203. Microvision has a 12 month low of $0.80 and a 12 month high of $1.95. The company’s 50 day simple moving average is $1.22 and its two-hundred day simple moving average is $1.18. The company has a market cap of $282.00 million, a P/E ratio of -2.40 and a beta of 1.67.

Microvision (NASDAQ:MVIS) last announced its quarterly earnings results on Tuesday, November 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Microvision had a negative net margin of 3,470.59% and a negative return on equity of 146.46%. The firm had revenue of $0.24 million for the quarter, compared to the consensus estimate of $0.23 million.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in shares of Microvision by 114.4% during the second quarter. BNP Paribas Financial Markets now owns 25,744 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 13,735 shares in the last quarter. Focus Partners Wealth bought a new position in Microvision in the first quarter worth about $32,000. Prudential Financial Inc. lifted its position in shares of Microvision by 77.4% during the second quarter. Prudential Financial Inc. now owns 30,520 shares of the electronics maker’s stock valued at $35,000 after buying an additional 13,315 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Microvision in the 2nd quarter valued at about $38,000. Finally, Fiscal Wisdom Wealth Management LLC bought a new stake in shares of Microvision in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 30.90% of the company’s stock.

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.