Microvision (NASDAQ:MVIS) Downgraded by Wall Street Zen to "Sell"

Key Points

• Microvision has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a negative outlook for the stock.
• Despite the downgrade, two other analysts continue to hold a "buy" rating, with price targets of $2.50 and $2.00, suggesting potential for future gains.
• The company reported a negative net margin of 3,470.59% and a revenue of just $0.20 million, significantly underperforming compared to analyst estimates of $0.60 million.

Microvision (NASDAQ:MVIS - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Other research analysts have also issued reports about the stock. D. Boral Capital restated a "buy" rating and issued a $2.50 target price on shares of Microvision in a report on Monday, August 11th. Westpark Capital reissued a "buy" rating and issued a $2.00 price objective on shares of Microvision in a research report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $2.50.

Microvision Stock Down 0.9%

Shares of MVIS traded down $0.01 on Friday, reaching $1.10. The stock had a trading volume of 2,647,363 shares, compared to its average volume of 3,763,525. Microvision has a twelve month low of $0.80 and a twelve month high of $1.95. The firm has a market capitalization of $331.06 million, a PE ratio of -2.82 and a beta of 1.59. The firm has a 50-day moving average of $1.18 and a 200 day moving average of $1.20.

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

Hedge Funds Weigh In On Microvision

A number of institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP acquired a new stake in Microvision during the 2nd quarter valued at approximately $63,000. BNP Paribas Financial Markets boosted its stake in Microvision by 114.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 25,744 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 13,735 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in Microvision by 148.4% during the 2nd quarter. Bridgeway Capital Management LLC now owns 251,100 shares of the electronics maker's stock worth $286,000 after acquiring an additional 150,000 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of Microvision in the 2nd quarter valued at about $308,000. Finally, Bank of America Corp DE lifted its position in shares of Microvision by 65.8% during the second quarter. Bank of America Corp DE now owns 258,583 shares of the electronics maker's stock worth $295,000 after purchasing an additional 102,616 shares during the last quarter. Institutional investors and hedge funds own 30.90% of the company's stock.

Microvision Company 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.