MVIS has been the topic of several other research reports. Northland Securities set a $3.00 price target on shares of Microvision and gave the company a buy rating in a research report on Friday, August 4th. ValuEngine lowered shares of Microvision from a hold rating to a sell rating in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Microvision from a hold rating to a buy rating and set a $2.75 price objective on the stock in a research note on Wednesday, July 19th. Finally, HC Wainwright set a $4.00 price objective on shares of Microvision and gave the stock a buy rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $3.34.
Microvision (NASDAQ:MVIS) opened at $1.56 on Thursday. Microvision has a 52-week low of $1.01 and a 52-week high of $3.25.
Microvision (NASDAQ:MVIS) last announced its quarterly earnings results on Thursday, November 2nd. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). Microvision had a negative net margin of 193.59% and a negative return on equity of 335.81%. The company had revenue of $6.09 million for the quarter, compared to analysts’ expectations of $5.24 million. During the same quarter in the previous year, the company earned ($0.08) earnings per share. Microvision’s quarterly revenue was up 52.3% on a year-over-year basis. equities research analysts expect that Microvision will post -0.3 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of MVIS. AWM Investment Company Inc. bought a new position in shares of Microvision in the second quarter worth approximately $13,997,000. State Street Corp raised its holdings in shares of Microvision by 2,126.7% during the second quarter. State Street Corp now owns 857,452 shares of the electronics maker’s stock valued at $1,816,000 after purchasing an additional 818,945 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Microvision by 40.0% during the second quarter. Vanguard Group Inc. now owns 2,774,797 shares of the electronics maker’s stock valued at $5,883,000 after purchasing an additional 793,102 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Microvision by 462.3% during the second quarter. Northern Trust Corp now owns 777,714 shares of the electronics maker’s stock valued at $1,648,000 after purchasing an additional 639,411 shares during the last quarter. Finally, State Treasurer State of Michigan raised its holdings in shares of Microvision by 8.2% during the third quarter. State Treasurer State of Michigan now owns 3,144,199 shares of the electronics maker’s stock valued at $8,741,000 after purchasing an additional 238,095 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.
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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