D. Boral Capital Lowers MicroVision (NASDAQ:MVIS) Price Target to $2.50

MicroVision (NASDAQ:MVIS - Free Report) had its price target cut by D. Boral Capital from $3.00 to $2.50 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the electronics maker's stock.

Several other research firms also recently weighed in on MVIS. StockNews.com raised MicroVision to a "sell" rating in a report on Thursday, April 24th. Westpark Capital reaffirmed a "buy" rating and set a $2.00 price objective on shares of MicroVision in a research note on Tuesday, March 25th.

MicroVision Stock Up 4.7%

NASDAQ:MVIS traded up $0.05 on Tuesday, reaching $1.12. 6,682,686 shares of the company's stock were exchanged, compared to its average volume of 3,995,430. The firm has a market capitalization of $279.17 million, a price-to-earnings ratio of -2.73 and a beta of 2.04. The business has a fifty day moving average of $1.21 and a 200-day moving average of $1.21. MicroVision has a 52-week low of $0.80 and a 52-week high of $1.95.

MicroVision (NASDAQ:MVIS - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%. The business had revenue of $0.59 million for the quarter, compared to analysts' expectations of $2.25 million.

Institutional Trading of MicroVision

A number of hedge funds and other institutional investors have recently modified their holdings of MVIS. Hudson Bay Capital Management LP purchased a new stake in MicroVision in the 4th quarter worth about $2,116,000. Renaissance Technologies LLC acquired a new stake in MicroVision in the 4th quarter valued at approximately $1,769,000. Millennium Management LLC grew its holdings in MicroVision by 10,387.0% in the 4th quarter. Millennium Management LLC now owns 1,125,670 shares of the electronics maker's stock valued at $1,475,000 after buying an additional 1,114,936 shares during the last quarter. GMT Capital Corp bought a new stake in shares of MicroVision in the 1st quarter worth approximately $1,293,000. Finally, MCF Advisors LLC lifted its position in shares of MicroVision by 88.2% in the 1st quarter. MCF Advisors LLC now owns 1,851,660 shares of the electronics maker's stock worth $2,296,000 after acquiring an additional 868,000 shares during the period. 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.