Microvision, Inc. (NASDAQ:MVIS) has been given a $3.00 target price by Northland Securities in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the electronics maker’s stock. Northland Securities’ price target indicates a potential upside of 21.46% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. HC Wainwright set a $4.00 price objective on Microvision and gave the stock a “buy” rating in a report on Friday. ValuEngine raised Microvision from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research cut Microvision from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Microvision in a research note on Tuesday, April 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $3.43.
Microvision (MVIS) traded up 0.82% during mid-day trading on Friday, reaching $2.47. 624,778 shares of the company traded hands. The company’s 50-day moving average is $2.20 and its 200-day moving average is $2.02. The stock’s market capitalization is $168.26 million. Microvision has a 12-month low of $0.89 and a 12-month high of $2.94.
Microvision (NASDAQ:MVIS) last posted its quarterly earnings data on Thursday, August 3rd. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. The business had revenue of $1.50 million during the quarter, compared to the consensus estimate of $0.74 million. Microvision had a negative return on equity of 741.21% and a negative net margin of 224.93%. The firm’s quarterly revenue was down 64.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share. Equities analysts predict that Microvision will post ($0.35) earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in Microvision by 13.7% in the first quarter. Bank of New York Mellon Corp now owns 43,935 shares of the electronics maker’s stock worth $109,000 after buying an additional 5,283 shares in the last quarter. EAM Investors LLC acquired a new stake in Microvision during the first quarter valued at approximately $1,301,000. Segantii Capital Management Ltd acquired a new stake in Microvision during the first quarter valued at approximately $116,000. Geode Capital Management LLC boosted its stake in Microvision by 92.5% in the first quarter. Geode Capital Management LLC now owns 465,339 shares of the electronics maker’s stock valued at $1,158,000 after buying an additional 223,582 shares during the period. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Microvision during the second quarter valued at approximately $250,000. 30.85% of the stock is currently owned by hedge funds and other institutional investors.
Microvision Company Profile
Microvision, Inc is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source.
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