MicroVision, Inc. (NASDAQ:MVIS - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.09 and traded as high as $1.62. MicroVision shares last traded at $1.49, with a volume of 3,973,974 shares traded.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Westpark Capital increased their price objective on shares of MicroVision from $1.30 to $2.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. StockNews.com raised MicroVision to a "sell" rating in a research report on Friday, December 20th.
View Our Latest Research Report on MVIS
MicroVision Trading Up 1.3 %
The firm has a 50 day moving average price of $1.20 and a 200 day moving average price of $1.10. The stock has a market capitalization of $348.24 million, a PE ratio of -3.88 and a beta of 2.87.
MicroVision (NASDAQ:MVIS - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The electronics maker reported ($0.07) EPS for the quarter. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%. The company had revenue of $0.19 million during the quarter. During the same period last year, the firm posted ($0.12) EPS. On average, equities research analysts expect that MicroVision, Inc. will post -0.49 EPS for the current year.
Hedge Funds Weigh In On MicroVision
Several large investors have recently added to or reduced their stakes in the company. Synergy Asset Management LLC increased its stake in shares of MicroVision by 140.4% in 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. Coldstream Capital Management Inc. increased its stake in MicroVision by 7.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 304,964 shares of the electronics maker's stock worth $348,000 after buying an additional 20,113 shares in the last quarter. Caitlin John LLC bought a new stake in MicroVision during the fourth quarter valued at about $26,000. Hsbc Holdings PLC lifted its position in shares of MicroVision by 158.3% in the second quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker's stock valued at $41,000 after acquiring an additional 24,006 shares in the last quarter. Finally, Sei Investments Co. bought a new position in shares of MicroVision in the second quarter worth about $27,000. Hedge funds and other institutional investors own 30.90% of the company's stock.
About MicroVision
(
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.
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