Microvision, Inc. (NASDAQ:MVIS) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday, November 2nd.
Several other equities research analysts have also issued reports on MVIS. HC Wainwright reaffirmed a “buy” rating and set a $3.50 price target on shares of Microvision in a report on Thursday, September 14th. Zacks Investment Research upgraded shares of Microvision from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Tuesday, October 10th. S&P Equity Research lifted their target price on shares of Microvision from $1.75 to $2.22 in a research report on Thursday, November 2nd. Finally, Northland Securities set a $3.00 target price on shares of Microvision and gave the stock a “buy” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Microvision has an average rating of “Hold” and an average target price of $3.34.
Shares of Microvision (NASDAQ MVIS) opened at $1.56 on Thursday. Microvision has a 12 month low of $1.01 and a 12 month high of $3.25.
Microvision (NASDAQ:MVIS) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported ($0.07) earnings per share for the quarter, hitting 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 business had revenue of $6.09 million during the quarter, compared to analysts’ expectations of $5.24 million. During the same quarter in the previous year, the company earned ($0.08) EPS. The business’s revenue was up 52.3% on a year-over-year basis. sell-side analysts anticipate that Microvision will post -0.3 earnings per share for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the stock. AWM Investment Company Inc. bought a new stake in Microvision during the 2nd quarter valued at $13,997,000. State Treasurer State of Michigan increased its stake in Microvision by 8.2% during the 3rd 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 in the last quarter. Vanguard Group Inc. increased its stake in Microvision by 40.0% during the 2nd 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 in the last quarter. State Street Corp increased its stake in Microvision by 2,126.7% during the 2nd 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 in the last quarter. Finally, Northern Trust Corp increased its stake in Microvision by 462.3% during the 2nd 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 in the last quarter. 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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