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
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