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

Key Points

• Microvision's stock price recently surpassed its 200-day moving average, trading as high as $1.29, while the last traded price was $1.28 with a volume of over 3 million shares.
• Analysts maintain a generally positive outlook, with a consensus average rating of "Buy" and a target price of $2.50, despite the company reporting a negative net margin and earnings in line with estimates.
• Institutional investments in Microvision have increased, with Bank of America and Millennium Management significantly boosting their stakes in the company recently.

Microvision, Inc. (NASDAQ:MVIS - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.19 and traded as high as $1.29. Microvision shares last traded at $1.28, with a volume of 3,230,161 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. D. Boral Capital reiterated a "buy" rating and set a $3.00 price target on shares of Microvision in a research report on Tuesday, September 2nd. Wall Street Zen upgraded shares of Microvision from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, Westpark Capital reiterated a "buy" rating and set a $2.00 price target on shares of Microvision in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Microvision currently has an average rating of "Buy" and an average target price of $2.50.

Microvision Stock Up 3.2%

The stock has a market cap of $385.23 million, a price-to-earnings ratio of -3.28 and a beta of 1.71. The stock's fifty day moving average is $1.16 and its 200-day moving average is $1.19.

Microvision (NASDAQ:MVIS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.06). The firm had revenue of $0.20 million during the quarter, compared to analysts' expectations of $0.60 million. Microvision had a negative net margin of 3,470.59% and a negative return on equity of 146.46%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of Microvision by 28.8% during the fourth quarter. Bank of America Corp DE now owns 212,230 shares of the electronics maker's stock worth $278,000 after acquiring an additional 47,429 shares in the last quarter. Millennium Management LLC boosted its stake in Microvision by 10,387.0% in the 4th quarter. Millennium Management LLC now owns 1,125,670 shares of the electronics maker's stock worth $1,475,000 after purchasing an additional 1,114,936 shares during the period. Two Sigma Investments LP acquired a new position in Microvision in the 4th quarter worth $267,000. Two Sigma Advisers LP bought a new position in Microvision during the 4th quarter worth about $65,000. Finally, Thrive Wealth Management LLC acquired a new stake in shares of Microvision in the 1st quarter valued at about $123,000. Institutional investors and hedge funds 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.

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