Microvision (NASDAQ:MVIS) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Microvision, Inc. (NASDAQ:MVIS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.27 and traded as high as $1.47. Microvision shares last traded at $1.40, with a volume of 9,170,414 shares traded.

Analyst Ratings Changes

Several brokerages recently issued reports on MVIS. Wall Street Zen upgraded Microvision to a "sell" rating in a research report on Wednesday, May 21st. D. Boral Capital reiterated a "buy" rating and issued a $2.50 price target on shares of Microvision in a report on Wednesday, May 21st. Finally, Westpark Capital restated a "buy" rating and set a $2.00 price objective on shares of Microvision in a report on Tuesday, March 25th.

Microvision Trading Down 1.4%

The business's 50-day simple moving average is $1.17 and its two-hundred day simple moving average is $1.27. The company has a market capitalization of $343.98 million, a PE ratio of -3.14 and a beta of 1.56.

Microvision (NASDAQ:MVIS - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The electronics maker reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $0.59 million for the quarter, compared to analyst estimates of $2.25 million. Microvision had a negative return on equity of 161.24% and a negative net margin of 2,295.70%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Invesco Ltd. boosted its position in shares of Microvision by 8.7% during the 4th quarter. Invesco Ltd. now owns 110,457 shares of the electronics maker's stock valued at $145,000 after acquiring an additional 8,813 shares in the last quarter. Private Advisor Group LLC increased its stake in Microvision by 22.5% in the first quarter. Private Advisor Group LLC now owns 51,758 shares of the electronics maker's stock valued at $64,000 after purchasing an additional 9,500 shares in the last quarter. MCF Advisors LLC increased 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 purchasing an additional 14,759 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Microvision by 226.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 22,852 shares of the electronics maker's stock valued at $30,000 after buying an additional 15,861 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Microvision by 4.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 451,837 shares of the electronics maker's stock valued at $592,000 after buying an additional 18,130 shares during the period. Institutional investors 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.