Microvision’s (MVIS) Buy Rating Reaffirmed at D. Boral Capital

by · The Markets Daily

Microvision (NASDAQ:MVIS – Get Free Report)‘s stock had its “buy” rating restated by research analysts at D. Boral Capital in a research note issued on Tuesday,Benzinga reports. They currently have a $3.00 price objective on the electronics maker’s stock. D. Boral Capital’s price objective would suggest a potential upside of 230.76% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on MVIS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Microvision in a research note on Monday, December 8th. Wall Street Zen raised shares of Microvision from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Westpark Capital reaffirmed a “buy” rating and set a $2.00 price objective on shares of Microvision in a report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Microvision currently has an average rating of “Hold” and a consensus price target of $2.50.

Check Out Our Latest Research Report on MVIS

Microvision Trading Up 3.7%

Shares of Microvision stock traded up $0.03 on Tuesday, reaching $0.91. The stock had a trading volume of 2,539,955 shares, compared to its average volume of 6,096,389. The business’s 50 day moving average is $1.07 and its two-hundred day moving average is $1.15. Microvision has a 1 year low of $0.80 and a 1 year high of $1.95. The company has a market cap of $277.00 million, a P/E ratio of -2.45 and a beta of 1.57.

Microvision (NASDAQ:MVIS – Get Free Report) last posted its earnings results on Wednesday, November 12th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. The business had revenue of $0.24 million for the quarter, compared to analysts’ expectations of $0.23 million. Microvision had a negative net margin of 3,354.08% and a negative return on equity of 131.03%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. bought a new stake in Microvision in the third quarter valued at $26,000. Focus Partners Wealth bought a new position in Microvision in the 1st quarter worth $32,000. BNP Paribas Financial Markets lifted its position in shares of Microvision by 114.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 25,744 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 13,735 shares during the period. CIBC Bancorp USA Inc. bought a new stake in shares of Microvision during the 3rd quarter valued at about $33,000. Finally, Prudential Financial Inc. increased its position in shares of Microvision by 77.4% during the second quarter. Prudential Financial Inc. now owns 30,520 shares of the electronics maker’s stock valued at $35,000 after buying an additional 13,315 shares during the period. Institutional investors own 30.90% of the company’s stock.

About Microvision

(Get Free Report)

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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