Wall Street Zen Upgrades MicroVision (NASDAQ:MVIS) to "Sell"

MicroVision (NASDAQ:MVIS - Get Free Report) was upgraded by research analysts at Wall Street Zen to a "sell" rating in a research report issued on Wednesday.

A number of other equities analysts also recently commented on MVIS. D. Boral Capital reduced their price objective on shares of MicroVision from $3.00 to $2.50 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Westpark Capital reissued a "buy" rating and issued a $2.00 price objective on shares of MicroVision in a research note on Tuesday, March 25th.

MicroVision Price Performance

Shares of NASDAQ:MVIS traded down $0.02 during trading hours on Wednesday, hitting $1.07. 2,295,680 shares of the company's stock traded hands, compared to its average volume of 4,011,647. The firm has a market capitalization of $266.71 million, a P/E ratio of -2.61 and a beta of 2.04. The business has a fifty day moving average price of $1.19 and a 200-day moving average price of $1.21. MicroVision has a 1 year low of $0.80 and a 1 year high of $1.95.

MicroVision (NASDAQ:MVIS - Get Free Report) last announced 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). The firm had revenue of $0.59 million during the quarter, compared to analysts' expectations of $2.25 million. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%.

Hedge Funds Weigh In On MicroVision

A number of large investors have recently made changes to their positions in MVIS. Synergy Asset Management LLC increased its position in shares of MicroVision by 140.4% during the fourth quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker's stock worth $38,000 after purchasing an additional 17,669 shares in the last quarter. Caitlin John LLC acquired a new position in shares of MicroVision during the fourth quarter worth $26,000. Lakeside Advisors INC. increased its position in shares of MicroVision by 19.4% during the fourth quarter. Lakeside Advisors INC. now owns 61,638 shares of the electronics maker's stock worth $81,000 after purchasing an additional 10,000 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in shares of MicroVision during the fourth quarter worth $66,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of MicroVision by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,832,066 shares of the electronics maker's stock worth $2,400,000 after purchasing an additional 134,479 shares in the last quarter. 30.90% of the stock is owned by institutional investors and hedge funds.

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.