MicroVision (NASDAQ:MVIS) Announces Earnings Results, Misses Expectations By $0.04 EPS

MicroVision (NASDAQ:MVIS) announced its quarterly earnings data on Wednesday. The electronics maker reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.04), Zacks reports. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%. The business had revenue of $1.65 million during the quarter, compared to analysts’ expectations of $3.25 million.

MicroVision Price Performance

MVIS stock traded down $0.09 during midday trading on Thursday, reaching $1.30. 5,973,244 shares of the company’s stock traded hands, compared to its average volume of 3,780,690. MicroVision has a fifty-two week low of $0.80 and a fifty-two week high of $1.95. The business has a 50-day moving average price of $1.42 and a two-hundred day moving average price of $1.20. The company has a market capitalization of $284.72 million, a P/E ratio of -3.17 and a beta of 2.63.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MVIS. Westpark Capital reaffirmed a “buy” rating and set a $2.00 price objective on shares of MicroVision in a research note on Tuesday. D. Boral Capital reiterated a “buy” rating and issued a $3.00 price target on shares of MicroVision in a report on Tuesday. Finally, StockNews.com upgraded MicroVision to a “sell” rating in a report on Monday, March 10th.

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.