Jump Financial LLC Makes New $706,000 Investment in MicroVision, Inc. (NASDAQ:MVIS)

Jump Financial LLC purchased a new position in MicroVision, Inc. (NASDAQ:MVIS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 322,517 shares of the electronics maker's stock, valued at approximately $706,000. Jump Financial LLC owned 0.17% of MicroVision at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MVIS. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of MicroVision in the third quarter worth $25,000. Versor Investments LP purchased a new stake in shares of MicroVision in the third quarter worth $25,000. Bayesian Capital Management LP purchased a new stake in shares of MicroVision in the first quarter worth $28,000. Accurate Wealth Management LLC purchased a new stake in shares of MicroVision in the third quarter worth $34,000. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of MicroVision in the first quarter worth $34,000. 31.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reduced their price objective on shares of MicroVision from $4.00 to $3.00 and set a "neutral" rating for the company in a research note on Tuesday, November 14th.

MicroVision Stock Performance

MVIS opened at $2.37 on Thursday. The stock has a market capitalization of $450.28 million, a price-to-earnings ratio of -5.51 and a beta of 3.10. The company has a fifty day moving average of $2.52 and a 200 day moving average of $2.48. MicroVision, Inc. has a fifty-two week low of $1.82 and a fifty-two week high of $8.20.

MicroVision (NASDAQ:MVIS - Get Free Report) last posted its earnings results on Wednesday, November 8th. The electronics maker reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The company had revenue of $1.05 million for the quarter. During the same quarter in the previous year, the business earned ($0.08) earnings per share. On average, equities research analysts forecast that MicroVision, Inc. will post -0.5 earnings per share for the current year.

About MicroVision

MicroVision, Inc develops and sells lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems (MEMS), laser diodes, opto-mechanics, electronics, algorithms, and software. The company also develops micro-display concepts and designs for head-mounted augmented reality (AR) headsets, as well as 1440i MEMS module supporting AR headsets; interactive display solutions for the smart speakers market; and Consumer Lidar used in smart home systems.

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