239,110 Shares in Microvision, Inc. $MVIS Bought by MYDA Advisors LLC

Key Points

• MYDA Advisors LLC purchased 239,110 shares of Microvision, Inc. ($MVIS) for approximately $296,000, representing a 0.10% ownership in the company as of the latest quarter.
• Microvision reported a negative net margin of 3,470.59% and earnings of ($0.06) per share for the last quarter, which met analysts' expectations.
• Several analysts have given Microvision a buy rating, with target prices ranging from $2.00 to $2.50 per share, suggesting potential upside in the stock.

MYDA Advisors LLC purchased a new position in shares of Microvision, Inc. (NASDAQ:MVIS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 239,110 shares of the electronics maker's stock, valued at approximately $296,000. MYDA Advisors LLC owned approximately 0.10% of Microvision at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in Microvision by 226.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 22,852 shares of the electronics maker's stock worth $30,000 after buying an additional 15,861 shares in the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new stake in Microvision during the fourth quarter worth approximately $44,000. Private Advisor Group LLC grew its position in Microvision by 22.5% during the first quarter. Private Advisor Group LLC now owns 51,758 shares of the electronics maker's stock worth $64,000 after buying an additional 9,500 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Microvision during the fourth quarter worth approximately $65,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Microvision during the fourth quarter worth approximately $92,000. Institutional investors and hedge funds own 30.90% of the company's stock.

Microvision Price Performance

Shares of NASDAQ MVIS traded down $0.02 during mid-day trading on Tuesday, hitting $1.14. 2,300,090 shares of the stock traded hands, compared to its average volume of 6,313,470. Microvision, Inc. has a twelve month low of $0.80 and a twelve month high of $1.95. The company has a market cap of $341.59 million, a PE ratio of -2.91 and a beta of 1.59. The firm has a 50 day simple moving average of $1.18 and a two-hundred day simple moving average of $1.20.

Microvision (NASDAQ:MVIS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The electronics maker reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). Microvision had a negative return on equity of 146.46% and a negative net margin of 3,470.59%.The company had revenue of $0.20 million for the quarter, compared to the consensus estimate of $0.60 million.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Westpark Capital reaffirmed a "buy" rating and issued a $2.00 target price on shares of Microvision in a report on Wednesday, August 27th. D. Boral Capital reaffirmed a "buy" rating and issued a $3.00 target price on shares of Microvision in a report on Tuesday. Finally, Wall Street Zen downgraded Microvision from a "hold" rating to a "sell" rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Microvision presently has a consensus rating of "Buy" and an average target price of $2.50.

Microvision Profile

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.