Microvision, Inc. (NASDAQ:MVIS) has been given an average rating of “Buy” by the six research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $3.16.
MVIS has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Microvision from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a report on Wednesday, July 19th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Microvision in a report on Tuesday, April 25th. Northland Securities set a $3.00 price objective on shares of Microvision and gave the stock a “buy” rating in a report on Friday. HC Wainwright set a $4.00 price target on shares of Microvision and gave the company a “buy” rating in a report on Friday. Finally, ValuEngine upgraded shares of Microvision from a “sell” rating to a “hold” rating in a report on Friday, July 28th.
Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in Microvision by 416.2% in the second quarter. Bank of New York Mellon Corp now owns 226,812 shares of the electronics maker’s stock worth $480,000 after buying an additional 182,877 shares during the period. Rhumbline Advisers purchased a new stake in Microvision during the second quarter worth about $139,000. Schwab Charles Investment Management Inc. purchased a new stake in Microvision during the second quarter worth about $250,000. 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 worth $1,158,000 after buying an additional 223,582 shares during the period. Finally, Segantii Capital Management Ltd purchased a new stake in Microvision during the first quarter worth about $116,000. Institutional investors own 30.84% of the company’s stock.
Microvision (NASDAQ MVIS) traded down 2.38% on Friday, reaching $2.46. The company’s stock had a trading volume of 428,553 shares. The stock has a 50 day moving average price of $2.24 and a 200-day moving average price of $2.03. Microvision has a 1-year low of $0.89 and a 1-year high of $2.94. The company’s market capitalization is $167.58 million.
Microvision (NASDAQ:MVIS) last issued its quarterly earnings data on Thursday, August 3rd. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.02. The firm had revenue of $1.50 million during the quarter, compared to analysts’ expectations of $0.74 million. Microvision had a negative net margin of 224.93% and a negative return on equity of 741.21%. Microvision’s revenue for the quarter was down 64.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) earnings per share. Equities analysts predict that Microvision will post ($0.34) earnings per share for the current fiscal year.
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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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