MicroVision (NASDAQ:MVIS) Stock Rating Reaffirmed by Cantor Fitzgerald

Cantor Fitzgerald reissued their neutral rating on shares of MicroVision (NASDAQ:MVIS) in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a $3.00 price target on the electronics maker’s stock.

MicroVision Stock Down 5.5 %

MicroVision stock opened at $1.29 on Monday. The firm has a market capitalization of $265.56 million, a PE ratio of -2.73 and a beta of 3.04. MicroVision has a 52 week low of $0.86 and a 52 week high of $4.24. The firm’s 50-day simple moving average is $1.12 and its 200 day simple moving average is $1.73.

MicroVision (NASDAQ:MVIS) last announced its earnings results on Thursday, May 9th. The electronics maker reported ($0.13) EPS for the quarter. The company had revenue of $0.96 million for the quarter. MicroVision had a negative net margin of 1,212.54% and a negative return on equity of 90.04%. During the same quarter in the previous year, the business posted ($0.11) EPS. On average, research analysts expect that MicroVision will post -0.49 EPS for the current fiscal year.

Institutional Trading of MicroVision

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MVIS. Alpine Global Management LLC purchased a new position in MicroVision during the first quarter worth approximately $39,000. Cardinal Point Capital Management ULC raised its position in shares of MicroVision by 60.2% in the 4th quarter. Cardinal Point Capital Management ULC now owns 23,961 shares of the electronics maker’s stock worth $64,000 after buying an additional 9,000 shares during the period. Victory Capital Management Inc. boosted its holdings in MicroVision by 24.1% in the fourth quarter. Victory Capital Management Inc. now owns 25,355 shares of the electronics maker’s stock valued at $67,000 after acquiring an additional 4,926 shares during the last quarter. Daiwa Securities Group Inc. grew its position in MicroVision by 163.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 29,406 shares of the electronics maker’s stock valued at $78,000 after acquiring an additional 18,226 shares during the period. Finally, SG Americas Securities LLC increased its stake in MicroVision by 89.2% during the second quarter. SG Americas Securities LLC now owns 75,159 shares of the electronics maker’s stock worth $80,000 after acquiring an additional 35,442 shares during the last quarter. Hedge funds and other institutional investors 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.