MicroVision (NASDAQ:MVIS – Get Free Report)‘s stock had its “neutral” rating restated by equities researchers at Cantor Fitzgerald in a research report issued on Monday, Benzinga reports. They currently have a $3.00 price target on the electronics maker’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 169.06% from the company’s previous close.
MicroVision Stock Performance
MicroVision stock traded down $0.02 during mid-day trading on Monday, hitting $1.12. The company’s stock had a trading volume of 1,155,243 shares, compared to its average volume of 2,383,916. The company has a 50 day moving average of $1.11 and a 200-day moving average of $1.70. The stock has a market cap of $230.43 million, a PE ratio of -2.37 and a beta of 3.04. MicroVision has a one year low of $0.86 and a one year high of $4.04.
MicroVision (NASDAQ:MVIS – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The electronics maker reported ($0.13) earnings per share (EPS) for the quarter. MicroVision had a negative return on equity of 90.04% and a negative net margin of 1,212.54%. The firm had revenue of $0.96 million for the quarter. During the same quarter last year, the firm earned ($0.11) earnings per share. On average, equities research analysts forecast that MicroVision will post -0.49 EPS for the current fiscal year.
Hedge Funds Weigh In On MicroVision
About MicroVision
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.
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