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Microvision (NASDAQ:MVIS) Earns Buy Rating from D. Boral Capital

Microvision logo with Computer and Technology background

Key Points

  • Microvision's stock received a "buy" rating from D. Boral Capital, with a target price set at $2.50, indicating a potential upside of 127.27% from its current price.
  • Despite the positive rating from D. Boral Capital, Wall Street Zen recently downgraded Microvision to a "sell" rating.
  • In the second quarter, various institutional investors significantly increased their stakes in Microvision, including a notable 312.1% boost from Mitsubishi UFJ Asset Management Co. Ltd.
  • Looking to export and analyze Microvision data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Microvision (NASDAQ:MVIS - Get Free Report)'s stock had its "buy" rating restated by equities researchers at D. Boral Capital in a report released on Monday,Benzinga reports. They presently have a $2.50 target price on the electronics maker's stock. D. Boral Capital's price objective indicates a potential upside of 127.27% from the stock's current price.

Separately, Wall Street Zen raised Microvision to a "sell" rating in a report on Wednesday, May 21st.

Check Out Our Latest Report on Microvision

Microvision Stock Performance

Shares of Microvision stock opened at $1.10 on Monday. Microvision has a one year low of $0.80 and a one year high of $1.95. The company has a market cap of $274.19 million, a PE ratio of -2.82 and a beta of 1.43. The business has a 50-day simple moving average of $1.20 and a 200-day simple moving average of $1.25.

Microvision (NASDAQ:MVIS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The electronics maker reported ($0.06) EPS for the quarter, hitting analysts' consensus estimates of ($0.06). Microvision had a negative return on equity of 160.31% and a negative net margin of 3,470.59%. The business had revenue of $0.20 million during the quarter, compared to the consensus estimate of $0.60 million.

Hedge Funds Weigh In On Microvision

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey boosted its holdings in Microvision by 63.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 64,879 shares of the electronics maker's stock valued at $74,000 after purchasing an additional 25,064 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Microvision by 7.7% in the second quarter. Geode Capital Management LLC now owns 5,994,533 shares of the electronics maker's stock valued at $6,835,000 after purchasing an additional 431,046 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Microvision by 312.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,760,933 shares of the electronics maker's stock valued at $4,287,000 after purchasing an additional 2,848,292 shares in the last quarter. Lakeside Advisors INC. lifted its stake in Microvision by 66.5% in the second quarter. Lakeside Advisors INC. now owns 102,638 shares of the electronics maker's stock valued at $117,000 after buying an additional 41,000 shares during the last quarter. Finally, MCF Advisors LLC lifted its stake in Microvision by 0.8% in the second quarter. MCF Advisors LLC now owns 1,866,419 shares of the electronics maker's stock valued at $2,128,000 after buying an additional 14,759 shares during the last quarter. 30.90% of the stock is owned by institutional investors and hedge funds.

Microvision Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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