MicroVision (NASDAQ:MVIS - Free Report) had its target price cut by D. Boral Capital from $3.00 to $2.50 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the electronics maker's stock.
A number of other research firms also recently issued reports 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, March 25th. StockNews.com raised MicroVision to a "sell" rating in a research report on Thursday, April 24th.
Get Our Latest Research Report on MVIS
MicroVision Price Performance
Shares of MVIS traded up $0.05 during mid-day trading on Tuesday, hitting $1.12. 6,682,686 shares of the company's stock were exchanged, compared to its average volume of 3,988,644. MicroVision has a 52 week low of $0.80 and a 52 week high of $1.95. The company has a market cap of $279.17 million, a PE ratio of -2.73 and a beta of 2.04. The company has a 50-day simple moving average of $1.21 and a 200 day simple moving average of $1.21.
MicroVision (NASDAQ:MVIS - Get Free Report) last released its earnings results on Monday, May 12th. The electronics maker reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%. The business had revenue of $0.59 million during the quarter, compared to the consensus estimate of $2.25 million.
Institutional Investors Weigh In On MicroVision
Institutional investors and hedge funds have recently modified their holdings of the company. Caitlin John LLC acquired a new position in MicroVision during the fourth quarter worth approximately $26,000. Cibc World Markets Corp bought a new position in shares of MicroVision during the 4th quarter worth approximately $26,000. Tower Research Capital LLC TRC increased its holdings in shares of MicroVision by 226.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 22,852 shares of the electronics maker's stock worth $30,000 after acquiring an additional 15,861 shares during the last quarter. Warwick Investment Management Inc. bought a new stake in MicroVision in the 4th quarter valued at $37,000. Finally, Synergy Asset Management LLC raised its stake in MicroVision by 140.4% in the 4th quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker's stock valued at $38,000 after acquiring an additional 17,669 shares during the period. 30.90% of the stock is owned by institutional investors.
About MicroVision
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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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