Microvision (MVIS) Trading Up 6.3%

Microvision, Inc. (NASDAQ:MVIS) shares were up 6.3% during mid-day trading on Tuesday . The stock traded as high as $1.35 and last traded at $1.34. Approximately 827,221 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 1,047,000 shares. The stock had previously closed at $1.26.

Several research analysts have recently issued reports on MVIS shares. HC Wainwright set a $4.00 price objective on Microvision and gave the stock a “buy” rating in a research note on Thursday, November 16th. S&P Equity Research raised their price objective on Microvision from $1.75 to $2.22 in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Microvision from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research note on Tuesday, October 10th. Finally, ValuEngine cut Microvision from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Microvision currently has an average rating of “Hold” and a consensus price target of $3.24.

The firm has a market cap of $105.32, a P/E ratio of -4.06 and a beta of -0.04.

Microvision (NASDAQ:MVIS) last announced its quarterly earnings data on Thursday, November 2nd. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). Microvision had a negative return on equity of 335.81% and a negative net margin of 193.59%. The firm had revenue of $6.09 million during the quarter, compared to analysts’ expectations of $5.24 million. During the same period last year, the business posted ($0.08) earnings per share. The company’s revenue for the quarter was up 52.3% compared to the same quarter last year. analysts predict that Microvision, Inc. will post -0.3 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC acquired a new stake in Microvision during the second quarter worth about $101,000. Rhumbline Advisers acquired a new stake in Microvision during the second quarter worth about $139,000. Schwab Charles Investment Management Inc. acquired a new stake in Microvision during the second quarter worth about $250,000. California State Teachers Retirement System acquired a new stake in Microvision during the second quarter worth about $256,000. Finally, Teachers Advisors LLC acquired a new stake in Microvision during the second quarter worth about $256,000. 30.63% of the stock is currently owned by hedge funds and other institutional investors.

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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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