Microvision (NASDAQ:MVIS) Receives Buy Rating from D. Boral Capital

Key Points

• Microvision's stock has been reaffirmed with a "buy" rating by D. Boral Capital, along with a price target of $3.00, suggesting a significant potential upside of 160.87% from its previous close.
• Despite this positive outlook, several analysts, including Westpark Capital and Wall Street Zen, have varied opinions with some maintaining a "buy" rating while others downgraded their rating to "sell."
• Microvision reported earnings of ($0.06) per share for the last quarter, aligning with analysts' expectations, but its revenue of $0.20 million fell short of the $0.60 million estimate.

D. Boral Capital reaffirmed their buy rating on shares of Microvision (NASDAQ:MVIS - Free Report) in a research note released on Tuesday,Benzinga reports. The firm currently has a $3.00 price objective on the electronics maker's stock.

Other research analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Microvision from a "hold" rating to a "sell" rating in a research report on Saturday, August 30th. Westpark Capital reaffirmed a "buy" rating and issued a $2.00 price target on shares of Microvision in a research note on Wednesday, August 27th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Microvision presently has an average rating of "Buy" and a consensus target price of $2.50.

Microvision Trading Up 0.9%

NASDAQ MVIS traded up $0.01 on Tuesday, hitting $1.11. 3,084,266 shares of the company were exchanged, compared to its average volume of 3,644,686. Microvision has a 1-year low of $0.80 and a 1-year high of $1.95. The company has a market cap of $334.07 million, a P/E ratio of -2.85 and a beta of 1.59. The firm has a 50 day moving average of $1.18 and a two-hundred day moving average of $1.20.

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

Institutional Trading of Microvision

A number of large investors have recently bought and sold shares of MVIS. Vanguard Group Inc. boosted its position in Microvision by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 16,743,519 shares of the electronics maker's stock worth $20,762,000 after acquiring an additional 842,858 shares during the last quarter. Geode Capital Management LLC boosted its position in Microvision by 7.7% during the 2nd quarter. Geode Capital Management LLC now owns 5,994,533 shares of the electronics maker's stock worth $6,835,000 after acquiring an additional 431,046 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Microvision by 312.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,760,933 shares of the electronics maker's stock worth $4,287,000 after acquiring an additional 2,848,292 shares during the last quarter. MCF Advisors LLC boosted its position in Microvision by 0.8% during the 2nd quarter. MCF Advisors LLC now owns 1,866,419 shares of the electronics maker's stock worth $2,128,000 after acquiring an additional 14,759 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Microvision by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,854,528 shares of the electronics maker's stock worth $2,300,000 after acquiring an additional 22,462 shares during the last quarter. 30.90% of the stock is owned by institutional investors.

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.