MicroVision (NASDAQ:MVIS) Trading 17% Higher


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MicroVision, Inc. (NASDAQ:MVIS)’s share price traded up 17% on Wednesday . The company traded as high as $6.98 and last traded at $6.55. 29,252,549 shares were traded during mid-day trading, an increase of 78% from the average session volume of 16,442,781 shares. The stock had previously closed at $5.60.

A number of analysts have weighed in on the company. BidaskClub upgraded MicroVision from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 16th. Zacks Investment Research upgraded MicroVision from a “sell” rating to a “hold” rating in a research note on Thursday, December 31st. Six equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. MicroVision presently has an average rating of “Hold” and a consensus price target of $2.25.

The stock has a 50-day moving average price of $4.50 and a 200 day moving average price of $2.53. The firm has a market cap of $958.23 million, a price-to-earnings ratio of -59.50 and a beta of 3.29.

MicroVision (NASDAQ:MVIS) last posted its earnings results on Thursday, October 29th. The electronics maker reported ($0.02) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.02). The firm had revenue of $0.64 million for the quarter, compared to analyst estimates of $0.60 million. Analysts forecast that MicroVision, Inc. will post -0.1 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of MVIS. Bridgeway Capital Management Inc. grew its holdings in shares of MicroVision by 663.9% during the second quarter. Bridgeway Capital Management Inc. now owns 763,900 shares of the electronics maker’s stock worth $1,039,000 after buying an additional 663,900 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of MicroVision by 972.8% during the third quarter. California Public Employees Retirement System now owns 296,100 shares of the electronics maker’s stock worth $577,000 after buying an additional 268,500 shares during the last quarter. Aristides Capital LLC grew its holdings in shares of MicroVision by 44.4% during the third quarter. Aristides Capital LLC now owns 250,182 shares of the electronics maker’s stock worth $488,000 after buying an additional 76,900 shares during the last quarter. Morgan Stanley grew its holdings in shares of MicroVision by 93.7% during the third quarter. Morgan Stanley now owns 81,051 shares of the electronics maker’s stock worth $158,000 after buying an additional 39,208 shares during the last quarter. Finally, Farmers Trust Co. purchased a new position in shares of MicroVision during the third quarter worth about $104,000. Institutional investors and hedge funds own 8.50% of the company’s stock.

MicroVision Company Profile (NASDAQ:MVIS)

MicroVision, Inc develops scanning technology to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions under the PicoP brand in the United States. Its PicoP scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.

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